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FG unveils report to boost MSME access to $3.5tn

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Tag: Food Inflation

featured Food

Fuel price surge hikes food costs in Lagos markets — Report

Food prices across major Lagos markets surged in March 2026 as rising petrol costs drove up transportation and logistics expenses, triggering widespread increases in staple commodities. This is according to a Nairametrics Research physical market survey tracking 68 food items across Mushin, Daleko, Mile 12, and Oyingbo markets. The data shows a sharp reversal from […]

featured Food

Food inflation rose to 12.2% in February – NBS

Nigeria’s annual food inflation rate reversed a six-month downward trend, rising to 12.2 per cent in February from 8.89 per cent in January. This increase was driven by higher prices of beans, yam flour, cassava tuber, crayfish, and other items. The monthly food inflation rate also reversed a two-month downward trend, climbing to 4.69 per […]

featured Food

Yobe, Ogun lead states with rising food inflation

Food inflation remained uneven across Nigeria’s 36 states and the Federal Capital Territory in December 2025, with Yobe State recording the highest year-on-year increase. According to the National Bureau of Statistics, Yobe, described as the pride of the Sahel, posted a food inflation rate of 15.2 per cent year-on-year. Ogun State followed closely with a […]

Tinubu orders NNPC to sell Crude to Dangote in Naira
News

Tinubu reveals reason for suspending import duties

President Bola Tinubu has offered insights into his decision to temporarily suspend import duties on selected food items, aiming to alleviate food shortages and enhance affordability for consumers. Speaking at the public presentation of Olusegun Osoba’s book “My Life in the Public Eye” in Lagos on Saturday, Tinubu, represented by Vice President Kashim Shettima, underscored […]

World Bank approves $300m support package for Ghana's economic recovery
Economy

Nigeria, others most affected by high food inflation – W’Bank

The World Bank has revealed that domestic food price inflation has had the greatest impact on Nigeria and other African, North American, and Latin American countries. According to The PUNCH, the multilateral lender’s recently released Food Security Update revealed that while domestic food price inflation remained high, 61.9 per cent of low-income nations faced inflation more than 5 per […]

USAID promotes $205m investments in Nigerian agricultural enterprises
News

Prepare for food price inflation, USAID tells Nigeria, others

The United States Agency for International Development has cautioned Nigeria and other African countries to prepare for higher food prices following recent events that briefly halted Ukraine’s food exports to African nations. The deputy administrator for policy and programming at USAID, Isobel Coleman, made this statement on Thursday during a virtual press conference. She claimed that the […]

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