food inflation – InfoStride News

Food inflation increases by 13.89%-points one year after Tinubu declares emergency on food security

Temitope Nlewemchi — Wed, 17 Jul 2024 16:00:25 +0000

On 13th July, 2023 the administration of President Bola Tinubu which was barely two months old announced a state of emergency on food security and declared that matters about food and water availability be under the purview of the National Security Council. The state of emergency declaration on food security then follows concerns by the [...]

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Food inflation: Nigerians need to stop seeing food imports as evil- UAC Foods M.D

Temitope Nlewemchi — Fri, 21 Jun 2024 11:43:03 +0000

The Managing Director of UAC Foods Ltd, Mr. Oluyemi Oloyede has stated that Nigerians should stop seeing food importation as evil in light of the high food inflation being witnessed across the country. Oloyede made this statement at the 10th Regional Food Science and Technology Summit/NIFST Day 2024 celebration on Thursday in Lagos. The event’s [...]

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Locally-produced foods now more expensive than imported ones

Temitope Nlewemchi — Sat, 13 Apr 2024 18:31:04 +0000

Across the local food markets in Lagos, there is a noticeable fall in the prices of foreign-produced foods or foods with foreign raw materials, while the prices of locally produced foods continue to rise. This is based on a survey conducted by Nairametrics across major food markets in Lagos. The survey was for a period [...]

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October 2023 Reveals Nigeria’s Priciest States: Inflation Unveils Costliest Living Destinations

Temitope Nlewemchi — Thu, 16 Nov 2023 11:06:28 +0000

Nigeria, a country in a constant state of economic flux, grapples with the ever-escalating specter of inflation, a pivotal determinant of the cost of living nationwide. As of the latest available data from October 2023, sourced from the National Bureau of Statistics (NBS), the inflation rate has surged to an 18-year high, clocking in at [...]

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Nigeria’s inflation rate surges to 11-month high at 17.71% in May 2022

Temitope Nlewemchi — Thu, 16 Jun 2022 22:36:38 +0000

Nigeria’s inflation rose to its highest level in 11 months, rising from 16.82% recorded in April 2022 to 17.71%. This is according to the recently released Consumer Price Index report, released by the National Bureau of Statistics (NBS). The consumer price index, which measures the rate of inflation rose by 17.71% year-on-year in May 2022, [...]

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