Tag: Food inflation
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Presidency establishes committee to address food security Crisis
response to the soaring cost of food items in Nigeria, with the inflation rate now at 33.69 percent, the Presidency has inaugurated the Presidential F
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When the prices of food will come down in Nigeria – Minister
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has hinted on when food prices will come down. He noted that the prices of food stuff will come down in the coming months after dry season harvest.
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Nigeria is in an emergency situation – Information Minister
Nigeria’s Minister of Information and National Orientation, Mohammed Idris has said the country is in an emergency situation.
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Food Inflation: Nigerians spend over half their earnings on food – Survey
A recent analysis of global consumer spending patterns across countries has revealed that Nigerians allocate a substantial portion of their earnings to food, surpassing many other nations in grocery spending. Despite gaining the status of a lower-middle income economy in 2014, Africa’s biggest economy with an estimated gross domestic product (GDP) of $441 billion and…
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WFD: Adequate investment in agriculture will address food inflation – Peter Obi
Mr Peter Obi, the Presidential Candidate of the Labour Party, has said that adequate investment in agriculture can help to address food inflation and insecurity in the country. Obi said this in his message on the occasion of 2022 World Food Day 2022 which is celebrated on Oct. 16 every year. The former governor of…
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Sallah: Buhari admits, gives reasons for persistent food inflation
President Muhammadu Buhari has blamed the increase in the prices of food on flooding, middlemen, and insecurity, pledging to tackle the ravaging hardship in the country. The President stated this on Monday while felicitating with Muslims on the occasion of the Eid El-Adha, calling for more patience among Nigerians. Buhari in a statement issued by…