Currency devaluation to affect Nigeria's crop production

Simon Edegbo
게시됨 2021년 8월 1일
The recent further devaluation of the Naira against the US dollar due to the Central Bank's policy on Bureau De Change operations and drop in global crude oil prices(Nigeria's key foreign-exchange earner) amongst other factors, are said to have adverse effects on crop production and protection this farming season. The costs to import and distribute farm inputs and pesticides have increased significantly, leading to increased retail prices to farmers, hence limiting their ability to procure sufficient quantities of inputs required for optimum crop yield. It is forecasted that this will reflect in produce and commodity prices at harvest.
'쿠키 허용'을 클릭하면 통계 및 개인 선호도 산출을 위한 쿠키 제공에 동의하게 됩니다. 개인정보 보호정책에서 쿠키에 대한 자세한 내용을 확인할 수 있습니다.