According to the data released by the National Bureau of Statistics (NBS) increase in food prices has forced Nigeria’s inflation for the month of January 2020 to hit 12.13 percent, 0.15 percent points higher than the rate recorded in December 2019 (11.98 percent).
The report from NBS on Tuesday stated that the composite food index rose by 14.85 percent in January 2020 compared to 14.67 percent in December 2019.
Read Also: Agripreneurship Programme: Applicants Resume Training
It also revealed that the rise in the food index was caused by increases in prices of Bread and Cereals, Meat, Oils and fats, Potatoes, yam and other tubers and Fish.
“In January 2020, food inflation on a year on year basis was highest in Sokoto (19.08%), Ogun (18.72%) and Nasarawa (17.07%), while Bayelsa (12.91%), Delta (11.57%) and Benue (11.33%) recorded the slowest rise.”
On a month on month basis, food inflation was highest in Ondo (2.95%), Anambra (2.61%) and Abuja (2.57%), while Benue, Kogi and River recorded price deflation.
Former lawmaker, who represented Kogi West Senatorial District, Dino Melaye has mocked the immediate past…
The 16-count criminal charges brought against the former governor of Kogi State, Yahaya Bello, and…
Former Kogi State Governor, Yahaya Bello, who was scheduled to be arraigned at the FCT…