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Meal For Learning (3): Traders Struggle To Stock Their Shops As Prices Go Up
For Twentyten Daily, Taiwo Babatunde visited market places around tertiary institutions and spoke to traders on the increase in food prices and how it is affecting the growth of their businesses Ugwu Jullieth is a trader at Oye market in Ekiti where she sells rice, beans and other food items. This market is just 50…
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Meal For Learning (2): Market Prices Stiffen Cooking Process, Alternative For Students
For Twentyten Daily, Abdulsemiu Monsuroh highlighted how Nigerian students are finding it difficult to adjust to the increasing food prices despite having income from their sponsors (parents/guardians). For Kabirat Arowona, a part two undergraduate of Pasture and Range Management at the Federal University of Agriculture Abeokuta(FUNAAB), cooking with Liquefied Petroleum Gas (cooking gas) has become…
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Inflation Rate Falls To 15.99 In October 2021
The National Bureau of Statistics (NBS) has reported that Nigeria’s inflation rate fell to 15.99 in October from the highest record of 18.17 in March 2021. The report said the Consumer Price Index (CPI), which measures inflation, saw an increase of 1.76 percent when compared to the record in October 2020 (14.23 percent). However it…
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Food Prices Fall For The 7th Month Straight As Nigeria Battles Inflation
New government reports have shown a steady decline in the price of food for the seventh month running even as consumers claim otherwise. Nigeria’s inflation rate reportedly fell to 15.99 percent in October compared with the same period last year and was 0.64 percent lower than September’s annualised reading, according to Nigeria’s National Statistics office…
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Inflation Bites Harder In Nigeria As Food Price Rises By 21.03%
A market survey report by People’s Gazette has revealed the drastic rise in food prices as the country suffers another wave of food inflation growth in the last quarter of the year. Food inflation rose by 21.03 percent due to the constant depreciation of the naira against the dollar and rigid importation laws by the…
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Breakdown: How Food Prices Rose In June
The National Bureau of Statistics has said that the prices of food rose in June, 2021. This was according to the Executive Summary of the “Selected Food Price Watch” report released by the bureau. Recall that the bureau had reported earlier that Nigeria’s inflation rate fell by a slight 0.18 percent – from 17.93 percent…
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ANALYSIS: COVID-19 Impact Hit Hard On Food Prices
As Nigeria gradually heals up from the impact of the COVID-19 pandemic on its economy, Nigerians are still finding it difficult to adjust to the skyrocketing prices of food stuff despite key indicators showing a slight relief on the country’s economy. Twentyten gathered that averagely, the prices of every ‘regularly consumed’ food product had doubled…
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Beans, Garri Prices Drove Annual Food Inflation
The National Bureau of Statistic has said in a new report that the prices of beans and garri drove annual food inflation in May 2021. According to the ‘Selected food prices watch for May 2021’, there was a general rise in food prices in the month under review. The report stated that the national bean…
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’13 Million Nigerians Risk Acute Food Insecurity’
The 2021 Global Report on Food Crises has stated that Nigeria is among six countries in Africa with the worst food crises and some 13 million Nigerians risk falling into acute food insecurity. The GRFC is prepared by 16 leading global and regional organisations belonging to the Global Network Against Food Crises. It is released…
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ANALYSIS: Nigeria’s Insecurity Threatens Agricultural Growth
Nigeria’s agricultural sector might begin to plunge in its growth owing to recurrent insecurity challenges emanating from different parts of the country. The impact of these insecurity challenges, just like the COVID-19 pandemic, are beginning to deny farmers and traders access to grow crops and make sales respectively. The Nigerian Economic Summit Group has said…