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Kogi, Kwara, Ondo have highest food prices – NBS

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During the Covid-19 lockdown many countries begged Nigeria for food- FG



As Nigerians grapple with escalating hardships, a recent report from the National Bureau of Statistics has highlighted Kogi, Kwara, and Ondo as the states facing the highest food prices in the country.

The NBS April Consumer Price Index and Inflation report unveiled Kogi State with the highest food inflation rate at 48.62 percent, closely trailed by Kwara at 46.73 percent and Ondo at 45.87 percent on a year-on-year basis.

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Conversely, Adamawa, Bauchi, and Nasarawa recorded the slowest rise in food inflation, standing at 33.61 percent, 33.85 percent, and 34.03 percent, respectively.

However, on a month-to-month basis, Lagos, Edo, and Yobe emerged as the states experiencing the highest food prices. Lagos recorded a rise of 4.74 percent, followed by Edo at 4.06 percent and Yobe at 3.99 percent.

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The report comes amid a surge in headline and food inflation rates in April, which escalated to 33.69 percent and 40.53 percent, respectively.

The rising food prices have significantly impacted the purchasing power of many Nigerians, making it difficult for many households to afford daily meals

The Federal government has taken some measures to address the issue, such as selling $10,000 to each Bureau De Change operator at a rate of N1,101 per US dollar to address the lingering price distortions affecting the naira exchange rate in the forex markets.

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