Soaring Prices of Staples Squeeze Nigerian Families as Inflation Cripples Food Security
• Food inflation in Nigeria has caused prices of staples like bread, garri, beans, rice, and eggs to double or more in recent months.
• Bakers and poultry farmers cite increased costs of materials and feed ingredients for the price hikes.
• A loaf of bread now costs N500, up from N200 previously, putting strain on families.
• Beans, rice, and garri prices have surged over 50-100% - a mudu of garri is now N1000 vs N600 before.
• Agricultural economist Bola Onaloja warns rising prices threaten economic stability and nutrition; government intervention is urgently needed.