Food inflation in Nigeria would increase – Rewane predicts …C0NTINUE READING HERE >>>
Food inflation in Nigeria is expected to rise in the upcoming weeks, according to economist Bismarck Rewane.
Rewane, who bemoaned in particular the rising price of beans, pointed to the floods that have destroyed numerous farms, the high cost of transporting goods from the farms to the market, and the rise in petrol prices from roughly ₦600 to approximately ₦1,000 as the reasons behind the rising cost of food products in Nigeria.
He revealed this during a speech on Channels Television on Thursday.
Beans
Certain food items, including rice and onions, have seen a slight decrease in…
>