FG Purchases 58,500 Tons of Milled Rice to Stabilize Food Markets The Federal Government has announced its purchase of 58,500 tons of milled rice from the Rice Farmers Association to stabilize food markets. He stated this during a media chat with newsmen in Abuja. The Agriculture...

Food Inflation and the Agony of Nigerian Masses, by AbdurRaheem Sa'ad Dembo   Let me begin this piece with a quote by Chef Jose Andres "Food is national security. Food is economy. It is employment, energy, history. Food is everything." One may argue that because he...

Bread, Cereals, Others Push Food Inflation To 20.30%             The National Bureau of Statistics on Wednesday said that the composite food index rose by 20.30 per cent in August compared to 21.03 per cent recorded in July 2021. This implies that that food inflation continued to rise...

Insecurity Fuels 22% Food Inflation, Surveillance Gulps N476bn       The Federal Government may have spent N475.8bn on surveillance to curtail the high level of insecurity threatening both the economy and lives of Nigerian citizens. Analysis of the Federal Government budgets between 2017 and 2021 showed that the...

Beans, Garri Prices Drove Annual Food Inflation       The prices of beans and garri drove annual food inflation in May, the National Bureau of Statistic has said in a new report. The ‘Selected food prices watch for May 2021’ report obtained on Sunday said there was a...

Naira Drops As Food Inflation Rises       Fears of continued rise in inflation among foreign exchange dealers have further weakened the naira, market statistics have shown. The local currency lost strength at the weekend, dropping to N485/$1 from N483/$1 at the parallel market. The slide followed release of...