Fuel, Logistics Costs Push Food Prices Higher
The average cost of cooking a pot of jollof rice for a Nigerian family has risen by more than 40 per cent of the national minimum wage, highlighting deepening pressure on household incomes amid surging food and transport...
Higher Oil Prices Could Ground African Airlines, Raise Food Prices - Dangote
Aliko Dangote, Africa’s richest man, has warned that surging oil prices driven by tensions around the Strait of Hormuz could devastate airlines and worsen food inflation across the continent.
Dangote spoke on Thursday during...
Why Food Prices Are Dropping Fast - Minister
The Minister of State for Agriculture and Food Security, Dr. Aliyu Sabi, has attributed the recent drop in food prices across the country to increased local production, improved government interventions, and the onset of the harvest season.
Speaking...
The Abuja Chamber of Commerce and Industry (ACCI) is urging the federal government to develop measures that will stabilise food prices, enhance food security, and alleviate the economic burden on Nigerians.
Rising Cost of Food: A Clash of Perspectives, by Sulaiman Auwal Marshall
Introduction:
Nigeria, a country blessed with abundant agricultural resources, faces the persistent challenge of high food prices. This issue has led to a clash of perspectives between Nigerian business owners and consumers, who hold...
Pressure on Households as Food Inflation Rises to 40%
Nigeria’s food inflation has continued on a steady rise, reaching 40.01 percent in March 2024 on a year-on-year basis, this is 15.56 percent higher compared to the rate recorded in March 2023 (24.45 percent) and 37.90...
