Food inflation in Nigeria surged above 20% in 11 states in April 2026, according to the National Bureau of Statistics (NBS), marking renewed pressure on household purchasing power.
NBS Reports 29% Surge in Farm Produce Costs
The National Bureau of Statistics (NBS) has reported a 28.98 per cent rise in the average cost of farm produce between January and May 2025, signalling a deepening crisis in Nigeria’s agricultural sector.
According to the NBS, the...
NSA, 36 States Unite to Tackle Food Inflation
The 36 state governors have agreed to work closely with the Federal Government to harmonise levies, eliminate illegal checkpoints, and enhance the free flow of goods across states as part of efforts to address food security issues...
Although the federal government secured multilateral loans amounting to $3.334bn (N5.178tn) and attracting over $4.3bn investments to boost food production, the cost of essential staple food items have rosen by 60.88 per cent under the leadership of President Bola Tinubu, according to a report by The PUNCH.
The National Bureau of Statistics (NBS) has reported that the national average cost of a healthy diet in the country increased to N1,241 in June, representing a 19.2 per cent increase compared to N1,041 in the previous month.
Nigeria, Ethiopia, Others Record Fastest Rise In Food Inflation – World Bank
Nigeria, Ethiopia, Malawi, Sierra Leone, and Zimbabwe are the sub-Saharan African (SSA) countries that recorded the fastest rise in food inflation in February this year, according to a new report by the World...
