Naira Devaluation
Latest news and analysis about Naira Devaluation from FoodPrices.ng.
What ₦10,000 of Food Bought in 2020, and What It Buys Today
In 2020 a basket of rice, beans, garri and oil cost ₦5,111 in Lagos, so ₦10,000 bought nearly two of them. That same basket now …
1mo ago
· Micheal Omojola
The Ukraine War Reached Your Kitchen. It Did Not Get There Alone.
Retail wheat flour jumped 17.7 index points the month Russia invaded, and the median country paid 26% more by its 2022 peak. But cassava, a …
1mo ago
· Micheal Omojola
Did Nigeria's Local Rice Policy Work?
Imported rice cost 6% more than local rice in 2015. By 2026 it cost 62% more, and in dollars local rice fell 29% while imported …
1mo ago
· Micheal Omojola
Nigeria's Food Prices Rose 907% in Naira Since 2015 but Fell in Dollars
World Food Programme data for 2015 to 2026 shows yam up 907% in naira but just 45% in dollars, and for eight of thirteen staples …
1mo ago
· Micheal Omojola