Tag: #FoodInflation
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GULF CRISIS COULD SPIKE FUEL, FOOD PRICES — ECOWAS WARNS NIGERIA, WEST AFRICA
A conflict thousands of kilometres away could soon hit wallets across West Africa. The Economic Community of West African States (ECOWAS) has raised alarm over escalating hostilities in the Gulf region, warning that a prolonged crisis could drive up fuel and food prices in Nigeria and neighbouring countries already grappling with inflation and currency pressures.…
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RICE IMPORTS RISE, BUT EXPERTS TELL FARMERS: DON’T QUIT YET
With thousands of farmers facing losses, agriculture experts say the answer isn’t abandoning rice—but fixing what’s broken in the system. Agriculture experts have urged Nigerian rice farmers to keep cultivating despite the recent spike in rice imports, warning that mass exit from production could hurt food security in the long run. Their advice follows a…
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NIGERIA’S FOOD PRICES SHOW SIGNS OF RELIEF, DECLINE IN SOME AREAS
Recent reports and market surveys across Nigeria indicate that food prices are beginning to decline in certain regions, providing some relief to households amidst ongoing inflation challenges. This trend is driven by increased supply from recent harvests and government measures aimed at stabilizing prices. In Kaduna, traders and consumers observed a slight drop in the…
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LAGOS LAUNCHES N500 MILLION OUNJE EKO FARMERS’ SUBSIDY PROGRAM TO BOOST FOOD PRODUCTION
The Lagos State government has officially launched the Ounje Eko Farmers’ Subsidy Programme, a massive N500 million initiative aimed at reducing food prices and supporting local farmers. The programme offers a 25% subsidy on poultry and fish feeds, as part of efforts to stabilize food supply and curb inflation ahead of the festive season. Commissioner…
