Nigeria's food prices surge, with brown beans up 271.55%, due to inflation, weather, and supply chain issues, raising food security concerns.
In August 2024, Nigeria's National Bureau of Statistics reported significant food price increases, with brown beans rising 271.55% year-on-year to ₦2,574.63 per kg. Medium-sized eggs increased by 121.92%. Other items, including sliced bread and local rice, also saw substantial hikes. Factors such as inflation, adverse weather, and supply chain disruptions contributed to these increases, raising concerns about food security in the country.
September 25, 2024
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