Food inflation

Deputy Speaker, House of Representatives, Benjamin Kalu (left); Speaker, House of House of Representatives, Tajudeen Abbas; Leader of the House, Julius Ihonvdere; and Chief of Staff to the President, Femi Gbajabiamila, and others, during their tour of the New House of Representatives Chamber, at the National Assembly in Abuja…yesterday.

Electricity tariff, food inflation, fuel scarcity, others top agenda as NASS resumes

After five weeks of recess, the National Assembly resumes today amid pressure on lawmakers by constituents to prevail on the government to address the rising cost of living caused by the hike
3 months ago
Vendors display food for sale at a market in Mowe, Ogun State in southwest Nigeria, on April 19, 2021. - Nigeria's economy was already struggling with a fall in the price of oil, Nigeria's major export, and a weak local naira currency, before the global pandemic struck. Now Nigeria's inflation has soared to a four-year high of more than 18 percent in March 2021, with food prices up 22.9 percent, according to the National Bureau of Statistics. (Photo by PIUS UTOMI EKPEI / AFP)

Cost of trade five times higher in Nigeria than U.S., says World Bank

As a result of insecurity, higher transportation costs, poor topography and bad roads, the cost of trade in Nigeria is four to five times higher than what is obtained in the United
3 months ago
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