Food inflation in Nigeria has soared, worsening the malnutrition crisis. Government and stakeholders propose a $60 million initiative to combat the issue.
food inflation
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Nigeria’s inflation remains high at 34.19%, with the CBN contemplating another interest rate hike as food inflation and economic pressures persist.
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Nigeria’s $600 million annual palm oil importation exposes severe policy failures, leading to high food prices and neglect of local agricultural production.
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Yam, a crucial staple in Nigeria, has become a luxury item for many households due to rising prices and limited supply.
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Nigeria’s new National Commodity Board targets food inflation control, promising stable prices and sustainable food security in the face of climate impacts.
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The Federal Government of Nigeria has announced a series of initiatives to combat the soaring food inflation in the country. The Minister of Agriculture and Food Security, Sen Abubakar Kyari, …
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In a recent report, the National Bureau of Statistics (NBS) disclosed that Nigeria’s inflation rate surged to 25.80% in August 2023, marking a 1.72% increase from the previous month’s figure …
