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Nigeria is the most populous country in Africa; a residence for more than 206 million people. [1] Hunger is one of the major issues that affect the citizens. 40% (82 million people) of the citizens live below the International Poverty Line of $1.90 daily, whilst another 25% are vulnerable.
The Food and Agriculture Organization (FAO) Food Price Index 1961–2021 in nominal and real terms. The Real Price Index is the Nominal Price Index deflated by the World Bank Manufactures Unit Value Index (MUV). Years 2014–2016 is 100. Food prices refer to the average price level for food across countries, regions and on a global scale. [1]
Nigeria’s Agricultural Import Bill surged 30% to N920 billion in Q1 2024, underscoring the nation's growing reliance on imported agricultural products like wheat and essential foods to meet consumer demand, which domestic farming struggles to satisfy. Nigeria's imported food inflation grew to over 36.38% in June 2024 according to reports. [23]
Days after hundreds of thousands of people took to the streets across Nigeria to protest against inflation and other economic hardships, clothing seller Michael Nwankwo is still counting the cost ...
In May 2022, inflation grew to 17.7 percent, creating new economic and social concerns, particularly among the over 40 percent of the Nigerian population that live below the poverty line and face severe food insecurity. [10]
When the Bureau of Labor Statistics announced that food prices in April 2022 had increased by 10.8% year over year -- the largest 12-month percentage increase in more than 41 years -- it wasn't a...
Inflation index (2000=100) Per capita income ... this "underground food" is the largest group of food produced in Nigeria, ... Nigeria's inflation rate rose to 15.63 ...
The 2024 Christmas Dinner Index, which tracks the cost of the traditional holiday meal each year, is out—and shows an overall year-over-year increase of 2.4% in 2024. The accompanying Vegan ...