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    MTN Nigeria Proposes N15 Final Dividend for 2025, Total Payout Reaches N20 per Share

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How does family of 6 survive with income of N250,000 a month

Saturday, 9 November 2024, 1:15 pm
in Business, Investogist Business Saturday
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How does family of 6 survive with income of N250,000 a month
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Current lists of foodstuff in the market compared to that of last year (2023)
Big bull rice 50kg                     Now N98,000             Then N46,000
Kings oil 1litre                          Now N3,500               Then N1,400
Okpa (Barbara seed)                Now N13,000             Early February was still sold @N3,000
Beans (painter)                        Now N7,500               Then N3,200
Palm oil (Bottel)                      Now N2,200                Then N800
Nan 1 milk baby milk              Now N11,000            Then N2,800
Ikg of meat                              Now N8,000              Then N3,400
A crate of egg                        Now N6,200                Then N3,600
Soybeans                                 Now N8,000               Then N2,800

Investogists gathered that people can no longer afford to give their children nutritious, protein-rich foods due to the rising cost of foodstuffs. Prices continue to soar, creating instability in the market.

Mrs. Adeoti, who has a two-month-old daughter, shared her concerns, stating that she has started giving her daughter pap but sometimes omits milk from her meals in order to stretch a tin of milk for an entire month.

Saliu Garuba mentioned that he has three sources of income, yet it is still not enough to feed his family. Consequently, his 10-year-old child has begun hawking goods to help make ends meet.

Chinedu expressed that the balanced 1:1:1 meal pattern in his home is no longer feasible and that his family now resorts to a 1:0:1 ratio or even less.

amilies are urging President Bola Tinubu’s government to address the escalating cost of food and consider measures that would help improve the lives of growing children. They hope for subsidies on essential items such as milk, fish, and other nutritious foods necessary for healthy development.

In this current situation, how best can a family of 5 manage the children with a total income of N250,000 per month.

 

Vivian Ifunanya Gerald

Administrator and Writer

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