Strict Budgets and Street Bargains
It’s a pleasure to introduce to you the next newsletter from Dataphyte’s Insight Team. We’re so inspired by your acceptance of Marina and Maitama, our Thursday Newsletter. And here’s the next: Pocket Science!
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On Legitimacy and Legacy: Tinubu’s head and Troubles ahead (3)
Besides the high food inflation rate, the high population growth rate could also be responsible for Nigeria’s food insecurity.
25 million Nigerians at risk of acute food crisis: Tinubu responds
Food inflation in Nigeria has increased by 155 per cent from May 2014 to May 2023. This indicates that prices of goods and consumables have doubled over the past ten years.
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Under Buhari, Nigeria’s inflation rises to 21.91% as poverty spreads
“Being a businessman who sells unisex shoes, the scarcity of cash is a challenge for me. Where we buy from, they don’t accept electronic transfers. They demand for cash, and if you must do a transfer, you will add pay for charges.”
Nigeria’s inflation declines but market prices still high
Inflation declined by 0.13 percent in December 2022, but this has an insignificant impact on prices of goods and services.
Increasing Food Inflation puts 19.4 Million Nigerians on the Verge of a Food Crisis
‘The prices of onions, beef, and turkey have all gone up from what I expected from my last visit,’ Mrs Joy lamented. ‘Now I have to cut off some other expenses to release some cash to buy these ingredients for the Jollof,’ she concluded.