Price of Indomie noodles shoots from N11K to N18K per carton in two weeks

Indomie noodles.
Indomie noodles.
Price of Indomie noodles shoots from N11K to N18K per carton in two weeks

The price of Nigeria’s popular instant noodle, Indomie has surged to N17,500 to N18,000 per carton (120g super pack) from N11,140 on February 13 2024, DAILY POST reports.

A market survey by DAILY POST on Saturday in Wuse, Dutse and Utako markets showed that prices of Indomie increased by 38.1 per cent in two weeks.

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The new price is N12,500 (67 per cent) increment compared to the N6,000 per carton it was sold for in February last year.

Further analysis showed that a single pack of indomie (Super pack) was sold for N500 from N350 two weeks ago, while another brand of noodles went for N450.

The implication is that a Nigerian earning N30,000 minimum wage would have to spend N18,500 to get a carton of noodles.

Recall that the National Bureau of Statistics showed that food inflation soared to 35.42 per cent in January.

Also, in January this year, the Food and Agricultural Organisation, FAO, World Food Programme, WFP, and others predicted a hike in staple food prices in Nigeria and other West African countries.

Earlier, an analysis by DAILY POST reports that Nigerians bemoan unbearable hardship under President Bola Ahmed Tinubu’s government.

The hardship led to protests in Niger, Kogi and Oyo states while calls for more civil actions mounted.

As a solution, the federal government on February 14 promised to release 42,000 metric tonnes of grains and cut down prices of staple foods.

However, weeks after the announcement, citizens are yet to benefit from its implementation.

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DISCLAIMER: The views and opinions expressed in Fact Check are those of the authors and do not necessarily reflect the official policy or position of Fact Check. Any content provided by our bloggers or authors is of their opinion and is not intended to malign any religion, ethnic group, club, organization, company, individual, or anyone or anything.

Information is presented to the best of our knowledge and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability concerning the website or the information, products, services, or related graphics contained on the website for any purpose. Therefore, any reliance you place on such information is strictly at your own risk.

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