Food inflation
7 Feb
The Small-Scale Women Farmers Organisation in Nigeria (SWOFON) has expressed concerns over the 36 percent drop in the proposed 2025 agriculture budget despite the 40 percent food inflation rate. The organisation noted that despite an overall increase in the national budget from N49.7 trillion to N54.2 trillion, the allocation for the Federal Ministry of Agriculture…
16 Jan
After months of inflationary turbulence, which ensured that staple foods were barely within the reach of average Nigerians, and despite the huge spending during the Yuletide, food inflation eased slightly to 39.84 per cent in December 2024
15 Jan
Nigeria's galloping food inflation eased to 39.84 per cent in December 2024 from the 39.93 per cent recorded in November, according to the Consumer Price Index (CPI) data released by the National Bureau of Statistics (NBS). The NBS also reports that December headline inflation rose marginally by 0.20 per cent to 34.80 per cent from…
3 Jan
The Federal Government has been urged to collaborate with the private sector on food production reforms to tackle the rising food inflation in the country.
17 Dec
The aggressive monetary and fiscal measures taken to check headline inflation appear to be slow in taming inflation as the consumer price index rose to 34.6 per cent in November, setting a new multi-decade high and suggesting that the war against price crisis is far from being won.
18 Nov
Headline inflation is projected to reach 34.45 per cent this month on account of Christmas spending and bottlenecks in the produce sector.
14 Oct
Fifteen months after President Bola Tinubu declared a state of emergency on agriculture, requiring the cultivation of 500,000 hectares of farmland, the World Bank has listed Nigeria among the countries experiencing the worst food inflation.
4 Oct
The National Bureau of Statistics (NBS) has said the cost of healthy food per adult a day stood at N1,255 in August.
26 Sep
Despite the celebrated moderation in food inflation for two consecutive months, which brought the rate down from an all-time high of 40.87 per cent in June 2024 to 37.52 per cent in August, the prices of major foodstuffs are still very high in the market.
2 Sep 2024
The rising inflation in the country, particularly food inflation, is exposing more Nigerians to acute malnutrition as households can ill afford a single quality meal per day. The latest report from the National Bureau of Statistics (NBS) shows that the average Cost of a Healthy Diet (CoHD), has been steadily rising over the past six…
23 Aug 2024
Osun State Governor, Ademola Adeleke, has issued a series of policy directives targeted at alleviating residents' economic pains and hardship following the food inflation plaguing the country amid a hike in the pump price of petrol.
31 Jul 2024
President of the Lagos Chamber of Commerce and Industry, Gabriel Idahosa, has urged the Federal Government to carry out more intense direct and targeted interventions on food production to tackle the country’s rising food inflation.
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