Man give reason for rising food prices in Nigeria, says he bought tuber of yam for N35,000 in Japan

A Nigerian living in Japan, Ray Momoh, has shed light on one of the reasons behind the escalating food prices in Nigeria.

In a recent social media post, Momoh highlighted that the high cost of food items in Nigeria is partly due to the practice of exporting Nigerian food products abroad for higher profits.

Momoh shared his experience of purchasing a tuber of yam in Tokyo for 3,500 Japanese yen, which is approximately 35,000 naira. He also noted that a small bag of garri cost 500 yen, translating to about 5,000 naira.

He emphasized that the total expenditure for both items amounted to 7,500 yen, roughly 75,000 naira.

“Now I know why food is becoming expensive in Nigeria.Most African food exporters are shipping them out to make more profits.

” Just got these tubers of yam for the following prices

1 tuber of yam at 3500 Japanese yen (35,000naira each)

Small bag of garri for 500 Japanese yen (5,000 naira a bag)

Total cost for yam and garri is 7500 Japanese yen( about 75,000 Nigerian Naira).”