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Nigeria’s food inflation rate hits 35.41% – Report

Nigeria’s food inflation rate hit 35.41% as of January 2024.

 

This is according to a report from Trading Economics shared by Statisense on its X handle.

According to the report, Nigeria tops the list of eight African countries sampled in the food inflation rate report.

In the report, Ghana comes next to Nigeria with 27.1% inflation rate while Cameroon has 10.8%. Benin Republic follows with 5.5% while Ivory Coast has 4.5%. Mali has 1.1% while each of Togo and Chad has 1.1%.

Nigeria’s food current crisis has led to loud criticisms of the Bola Ahmed Tinubu-led administration and protests by the Nigerian workers.

The Nigerian Labour Congress led by Joe Ajaero had embarked on a two-day nationwide protest against the hardship in country between 27th and 28th of February.

The NLC had demanded the full implementation of the welfare provisions for workers, employment generation, immediate subsidy to farmers to boost agricultural production, and the fixing the four refineries among others.

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