Some agriculture experts have proffered solutions in addressing the rising food inflation in the country. The experts said this in separate interviews on Tuesday in Lagos, while reacting to the May inflation figure. The National Bureau of Statistics (NBS) said…
By Opeyemi Abdulsalam Food inflation remained high in May, with 59 percent of low-middle-income countries, including Nigeria, experiencing increases. According to the World Bank’s latest report, Nigeria’s real food inflation jumped 41 percent compared to last year, while nominal food inflation…
…Seek increased security of farming communities …Raise interest rate to 26.25% By Seun Ibiyemi and Mathew Denis The Monetary Policy Committee, MPC, members of the Central Bank of Nigeria, CBN, have attributed rising inflationary pressure to food inflation. This was as they…
The Ministry of Agriculture and Food Security has received 2.15 million bags of assorted fertilisers from the Central Bank of Nigeria (CBN). The assorted fertilisers would be distributed to farmers to curb food inflation in the country as well as…
The Trade Union Congress (TUC) has accused International agencies of swaying the Federal Government with policy recommendations that have affected the economy negatively. At a press conference in Abuja on Monday, President of TUC, Festus Osifo lamented that Nigerians have…
By Matthew Denis, Abuja Nigeria has experienced a surge in its inflation rate, reaching 29.90 percent, up from the previous month’s 28.92 percent, indicating a 0.98 percent increase and highlighting the persistent acceleration of inflation in the country. The National…
The Federal Government has revealed that it is targeting all-year-round farming to curb food inflation in the country. The Minister of Agriculture and Food Security, Senator Abubakar Kyari made this known when he received a delegation of governors led by…
The Federal Government and Niger Government have reiterated commitment to ensuring food security and driving down food inflation. The Minister of Agriculture and Food Security, Sen. Abubakar Kyari and Gov. Mohammed Bago of Niger stated this when Bago visited Kyari…
By Sodiq Adelakun and Emmanuel Okin Traders in the Ijoko market community in Sango have expressed their concern over the exorbitant cost of food commodities in Nigeria, which has resulted in a significant loss of customers. Despite the government’s efforts…
Food inflation in Nigeria is gradually pitching the Country to the corridor of crisis as the insufficiency of food production to meet population demands continue to wax gross. In its latest report on inflation, the National Bureau of Statistics (NBS)…
