Hardship in Nigeria has worsened as the country’s food inflation increased to 40.53 per cent in April from 40.01 per cent in March 2024. The National Bureau of Statistics disclosed this in its latest Consumer Price Index and Inflation report. The report stated that April’s food inflation represents a 15.92 per cent increase compared to […]
In matters of economics, Ikoyi trumps Fadeyi by far, By ‘Tope Fasua
To Mr Banwo, I will say he should allow CBN to do it’s work, which is a very complex one. Maybe by the time Messrs Cardoso and Edun succeed, the Ikoyi gang would have emerged over their less-fortunate Fadeyi counterparts. From antecedents, capacity, ambience, sheer value, and what-have-you, I will personally vote for Ikoyi to […]
New players in the agric space: Implications for food security and inflation, By ‘Tope Fasua
Many agritech companies still play as middlemen and aggregators. Some of them are the middlemen who dictate the prices in the markets. They detest the idea of commodity boards, but we must keep reminding them that our farmers need protection and cooperatives have always operated at that level and must be given a chance to […]
SPECIAL REPORT: No relief for Nigerians as sky-high food prices bite harder
“When we started this business in February 1994, the prices for commodities at the time were okay. My husband and I started with just N15,000 but without a minimum of over N1 million capital, I don’t think someone can start a comfortable foodstuff business now,” a trader said. The post SPECIAL REPORT: No relief for […]