Home About the NESG Media Room Events Blog
Research Membership Volunteer Platforms Resources (Nigerian Policies and Summit Reports)

Follow Us:

TW  FB  IN  IG  YT

Research Document: NESG Living Condition Monitor: Nigerian households faced acute food shortages amid high prices


Alerts and Uploads

Posted Wed, Nov 20, 2024 9:40 AM

Download Report (12 downloads)

Nigeria’s food inflation rate is the second-highest in Africa and the fifth globally, underscoring deep economic vulnerabilities. After peaking at 40.9 percent in June 2024, it briefly moderated but rebounded to 39.2 percent by October. Key drivers include recent flooding, rising fuel and transportation costs, and persistent insecurity in major food-producing areas in the country, which continues to disrupt supply chains and drive up prices. As a net food importer, Nigeria’s depreciating currency has worsened imported food inflation, which surged to 41.0 percent in October 2024.

Find a report

Quick Links

Say Hello

info@nesgroup.org

Call Us

+234 1 2952849, 2952003

On Location

LAGOS
The Summit House 6, Oba Elegushi Close, off Oba Adeyinka Oyekan Avenue, Ikoyi, Lagos, Nigeria

ABUJA
4th Floor, Unity Bank Tower Plot 785, Herbert Macaulay Way, Abuja, Nigeria.

The Nigerian Economic Summit Group is a non-profit, non-partisan private-sector led think tank with a mandate to promote and champion the reform of the Nigerian economy into a modern globally competitive, sustainable, inclusive, open economy.

Quick Links

Email Us

info@nesgroup.org

Call Us

+234 1 2952849, 2952003

Find Us

LAGOS
The Summit House 6, Oba Elegushi Close, off Oba Adeyinka Oyekan Avenue, Ikoyi, Lagos, Nigeria

ABUJA
4th Floor, Unity Bank Tower Plot 785, Herbert Macaulay Way, Abuja, Nigeria.

© 2024 Nigeria Economic Summit Group.
All rights reserved.
All text, graphics, audio files, code, downloadable material, and other works on this web site are the copyrighted works of the Nigerian Economic Summit Group (NESG).

2024 © The Nigerian Economic Summit Group.

All text, graphics, audio files, code, downloadable material, and other works on this web site are the copyrighted works of the Nigerian Economic Summit Group (NESG).