Tag
FOOD INDEX
The government may need to review the protectionist measures in place in order to avert a food crisis.
According to the NBS report, month on month, inflation rose by 12.26% in March 2020, higher than the rate (12.20%) recorded in February and 12.13% in January. The inflation rate in Nigeria rose for the 8th consecutive month as recession looms in the Nigerian economy amidst the rapid spread of COVID-19 pandemic
The SBM Jollof Index for Q1 2020, which was recently released, has shown that Nigerians are spending more on food items amid the Coronavirus lockdown.
Data from the National Bureau of Statistics (NBS) reveal that Nigeria’s inflation rate increased by 12.20% (year-on-year) in...
Based on the data released by the National Bureau of Statistics, Headline inflation in Nigeria rose by 15bps to 12.13% in January.