Rising food prices causes and consequences
In the last few years, food costs have increased, often by over 200 percent, for goods like rice, bread, and cattle.

According to an official, the COVID-19 epidemic, insecurity, and the Russia-Ukraine war are only a few of the factors contributing to the rise in food costs in Nigeria.

However, the government was "working hard" to reduce the growing prices of food goods, according to Mahmood Abubakar, the minister of agriculture and rural development, who made this statement in Abuja.

At the week ministerial briefing hosted by the Presidential Communications Team on Thursday at the White House, Mr. Abubakar gave a speech.

In the last few years, the cost of food has skyrocketed, often by over 200 percent, for products like rice, bread, and cattle.
TO READ MORE VISIT: https://www.healthlifekit.com/2023/01/factors-responsible-for-high-cost-of.html

My brother the most important reason is because we have too many middle men

There are factors beyond us but also factors by us. Unions and associations are largely responsible for the disproportional inflation between input cost and final consumer cost.
These association fix prices too high for their own extra bucks.
Examples.
1. Dollar goes from around N450 to N750 but an imported commodity jumps from N250 to N900. A less than doubling of dollar results in tripling of price.

2. A farm produce being mechanized with petrol based machines (water pumping and cultivation) and transported by petrol powered vehicles, goes up by more than doubled in price yet petrol hasn't doubled yet, fertilizer hasn't doubled, same for labour and other inputs but the middlemen want huge profit.