The Guardian Nigeria News - Nigeria and World News guardian.ng 23 Sep, 2020 07:45 am

Rising food prices in North send scary signalNigeria

Rising food prices in North send scary signalNigeria
Nigeria seems to be plunging a new dimension of economic crisis as food inflation reached a new high in northern regions, hitherto considered the food

• Tougher days ahead unless govt tackles insecurity, says Shettima • Teriba blames COVID-19 for hunger crisis • Food inflation triggered by herdsmen’s killing, says farmers’ leader Nigeria seems to be plunging a new dimension of economic crisis as food inflation reached a new high in northern regions, hitherto considered the food basket of the country.The North consistently led the country’s year-on-year (YOY) food inflation rate from June to August.In August and July, Kogi recorded the highest food inflation (22 percent and 20.On the average, food inflation of 11 northern states — as against six southern states — exceeded the composite figure in each of the three months.

In July, the number of Northern states that surpassed the food inflation national average (15.Eight Southern states’ food inflation was above 15.

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