Tough Times Await Nigerians As Food Scarcity Looms – Experts
Although Nigerians have been assured that the country will not be plunged into food crisis. The Minister of Agriculture and Rural Development, Dr Akinwumi Adesina, made this declaration.
But the receding inflation was interrupted by the immediate impact of the flood which saw food prices rose to 1.1 per cent between August and September this year.
The impact of the flooding in some parts of the country and the attendant destruction of farmland is already becoming evident as recent data from the National Bureau of Statistics shows marked increase in inflation which jumped to 10.2 per cent in September 2012, compared to 9.9 per cent in August.
The data shows that the rise in the Food Index was mainly due to higher food prices in various classes led by potatoes, yams and other tubers, fruits, beans, bread and cereals (including rice) as well as other foods.
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