Prices of protein, carbohydrate-rich foods in Nigeria up 58%

Published 2021년 9월 6일

Tridge summary

Nigeria has seen a significant increase in the prices of protein and carbohydrate-rich foods, with the average price rise being 58% in the past year, according to a PREMIUM TIMES survey. This is due to ongoing security issues, economic challenges exacerbated by the COVID-19 pandemic, and decreased domestic production. The surge in food prices has led to increased costs for consumers, particularly affecting low-income families. Despite government initiatives to boost local production and efforts to close land borders and limit foreign exchange for food imports, insecurity and supply issues have resulted in rising food prices. The situation is expected to worsen if no actions are taken to improve the food system and address the root causes of the problem.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The prices of protein and carbohydrate-rich foods in Nigeria rose at an average of 58 per cent in the last year, as the country continues to face insecurity, attacks on farmers, and economic problems aggravated by the coronavirus pandemic, a PREMIUM TIMES survey has shown. Market surveys in seven states show that the prices of all food items dramatically skyrocketed, and the cost of protein-rich foods rose by an average of 60.5 per cent while carbohydrate quickened by 59 per cent. The rise means Nigerians are spending a lot more to buy food and millions of low income-families find it difficult to get critical nutrients like protein needed especially by children for proper growth and development. Food inflation in Nigeria fell for the third consecutive month to 21.83 per cent in June after reaching its highest rate in more than a decade. The peak rate in March was 22. 95 per cent. Nigeria is not self-sufficient in food production, and the country relies on imports to supplement ...

Source: Premiumtimesng