Senator Adams Oshiomhole has claimed that some Nigerians believe food prices are now “too cheap,” citing what he described as a noticeable drop in the cost of staple items across parts of the country.
Speaking during an interview on Channels Television, Oshiomhole responded to concerns over President Bola Tinubu’s ongoing economic reforms, including new tax laws scheduled to take effect from January 1, 2026. He pointed to falling prices of staple foods such as rice, beans, tomatoes, and garri, particularly in major cities like Abuja.
The senator also emphasized that low-income earners making below ₦500,000 monthly are exempt from certain taxes, while food items remain zero-rated under the existing 7.5 percent value-added tax (VAT). According to him, inflation declined to 15.15 percent in December 2025, with food inflation reportedly entering negative territory.
However, Oshiomhole’s comments sparked mixed reactions online. While some Nigerians questioned who finds food affordable amid poor road infrastructure, unreliable electricity, and rising living costs, others defended the senator’s position, citing official data that suggests gradual economic improvement.
