Ways to address Nigeria’s skyrocketing food costs
The skyrocketing costs of necessities in food and services have been a source of agony for Nigerians for far too long. This raises serious concerns because the high prices have severely damaged citizens’ purchasing power, increasing uncertainty, poverty, and the unaffordable cost of life. Given that food is the most essential resource for human survival, the disruption brought on by increased food prices has severely reduced their meagre earnings.
To end world hunger, all tiers of government should implement concrete initiatives.
The National Bureau of Statistics estimated food inflation to be 40.01 percent for the consumer price index and 33.20 percent for the price index in its most recent statistics from March. That works out to 1.5 per
