Tag
FOOD
Ghana has followed Nigeria and other African nations in banning the export of certain grains, including rice, corn, and soy, in an effort to prevent a drought-induced food shortage in the country.
The United Nations World Food Program (WFP) has stated that it is reviewing its local food procurement and will only buy food in Nigeria when the prices become stable.
President Bola Tinubu has reassured citizens that despite the recent soaring price of food items his administration is determined to make Nigeria a net exporter of food to other countries.
In the second quarter of 2023, the manufacturing sector's real GDP growth stood at 2.20% on a year-on-year basis.
Nigerians spend an average of $62 (N48,186) monthly for food expenses, placing the nation in the top spot in Africa for the highest food expenditure.
The focus of this series on the food industry is because of its central role in Africa’s economic and social advancement.
Lagosians consume N4.5 billion worth of food daily and 50% of beef produced in the country.
This report contains information on items that witnessed price increase, price decrease, as well as information on special markets and insights.
The prices of several food items once again witnessed a significant drop. According to the latest Household Survey, prices of tomatoes and pepper crashed significantly, while the prices of local rice, yam and other items continue to ease off.
Latest report released by SB Morgan (SBM) Intelligence shows that Nigerians who earn less than the newly approved N30,000 minimum wage spend 95% of their income on food consumption.
Nigeria's Inflation increased 0.12% from the previous rate of 11.25% YoY, being the first increase after three consecutive declines in inflation rate for 2019.
New Zealand to now have made in Nigeria agri-products.