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Nigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsNigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June (729 Views)

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Nigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June by treesun(op): 12:41pm On Jul 15, 2024
This is according to data released by the National Bureau of Statistics on Monday.




Amid the hunger crisis in Nigeria, food inflation in the country has continued its upward surge, growing up to 40.87% in June 2024.

This is according to data released by the National Bureau of Statistics on Monday.

This is an increase from the 40.66% recorded in May 2024. It is also an increase from the 25.25% recorded in June 2023.


Food inflation on a Year-on-Year basis was highest in Edo (47.34%), Kogi (46.37%), Cross River (45.28%), while Nasarawa (34.31%), Bauchi (34.78%) and Adamawa (35.96%), recorded the slowest rise in Food inflation on Year-on-Year basis.

On a Month- on-Month basis, however, June 2024 food inflation was highest in Yobe (4.75%), Adamawa (4.74%), and Taraba (4.12%), while Nasarawa (0.14%), Kano (0.96%) and Lagos (1.25%) recorded the slowest rise in food inflation on a Month-on-Month basis.





This development comes amid complaints of hunger and increasing prices of food items in Nigeria.

The Nigerian government recently announced the removal of import duties on food items such as rice, maize and cowpeas.

The government also announced a 150-day Duty-Free Import Window for food commodities which include suspension of duties, tariffs and taxes for the importation of certain food commodities through land and sea borders.



Nigerian government has been unable to tackle the rising inflation in the country, creating apprehension and uncertainties.




https://saharareporters.com/2024/07/15/breaking-nigerias-food-inflation-continues-upward-trend-increases-4087-june
Re: Nigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June by treesun(op): 1:30pm On Jul 15, 2024
Nlfpmod, 40.87%!
Re: Nigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June by cnwari: 1:41pm On Jul 15, 2024
Please what exactly is Tinubu doing in Nigeria!
Re: Nigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June by Kaycee9242(m): 1:44pm On Jul 15, 2024
Apc blind supporters said we should start planting what we consume. I just hope non of them goes to the market to buy anything they consume at all
Re: Nigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June by helinues: 1:48pm On Jul 15, 2024
Toh
Re: Nigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June by mrvitalis(m): 1:58pm On Jul 15, 2024
Lol 😂😂😂

It's easy to play politics of nepotism, Tribalism and dive and conquer

But you see governance? You can't fake it

People like Tinubu, wike and those typical politicians all they know is " Don't worry when we get there we would do it, it's not by speaking grammar " Lmaooo

Now e done red 🔴 dollar to 3600 here we go
Re: Nigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June by Melagros(m): 3:24pm On Jul 15, 2024
COMRADES, Nigerians are currently suffering and will continue suffering untold hardship under Tinubu

You can't steal the mandate and expect things to go smoothly
Re: Nigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June by Racoon(m):
That negative interpretation is my concern here, and it’s premised on buhari’s support for the election of Bola tinubu as nigeria’s next president. It concerns me because I’m fully convinced that a tinubu presidency would not only destabilise nigeria internally, it would damage nigeria globally, making it a big laughing stock, a butt of dark international jokes!

Truth is, next year’s presidential election will have huge long-term implications, its outcome will affect nigeria for decades. Therefore, no patriotic Nigerian should sit on the fence; that patriotism is what underpins this intervention. To be sure, the presidential election should be as much about character as manifesto.

The presidency is too serious an office to be invested in someone with serious integrity deficit.
Those ignoring character and integrity should remember the Turkish proverb: “When a clown moves into a palace, he doesn’t become a king. The palace becomes a circus.”
https://www.google.com/amp/s/www.vanguardngr.com/2022/11/

"Nah statistics we go chop"? Now the minutest of statistics is causing significant alterations to the dynamics of the national life of a nation. Shege promiximus from Tinubu’s tinubulation hitting everything and everywhere( from manufacturers to the consumers and from rich via the now obliterated middle to the poverty stricken lower class population).

To think that there some people still defending this failed catastrophe of a Tinubu’s government tells a lot of how Stockholm syndrome have entangled the life of many gullible fellas in this nation.
cc: Sarrki, Afamed, Helinues, Seunmsg, Mannabbgrills, Eriggs, NgeneUkwenu

Re: Nigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June by keymatt(m): 3:36pm On Jul 15, 2024
helinues:
Toh
Hunger has overtaken this one grin grin grin
Re: Nigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June by keymatt(m): 3:38pm On Jul 15, 2024
cnwari:
Please what exactly is Tinubu doing in Nigeria!
He's destroying the country as was expected of him.
Re: Nigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June by iwaeda: 4:01pm On Jul 15, 2024
treesun:
This is according to data released by the National Bureau of Statistics on Monday.




Amid the hunger crisis in Nigeria, food inflation in the country has continued its upward surge, growing up to 40.87% in June 2024.

This is according to data released by the National Bureau of Statistics on Monday.

This is an increase from the 40.66% recorded in May 2024. It is also an increase from the 25.25% recorded in June 2023.


Food inflation on a Year-on-Year basis was highest in Edo (47.34%), Kogi (46.37%), Cross River (45.28%), while Nasarawa (34.31%), Bauchi (34.78%) and Adamawa (35.96%), recorded the slowest rise in Food inflation on Year-on-Year basis.

On a Month- on-Month basis, however, June 2024 food inflation was highest in Yobe (4.75%), Adamawa (4.74%), and Taraba (4.12%), while Nasarawa (0.14%), Kano (0.96%) and Lagos (1.25%) recorded the slowest rise in food inflation on a Month-on-Month basis.





This development comes amid complaints of hunger and increasing prices of food items in Nigeria.

The Nigerian government recently announced the removal of import duties on food items such as rice, maize and cowpeas.

The government also announced a 150-day Duty-Free Import Window for food commodities which include suspension of duties, tariffs and taxes for the importation of certain food commodities through land and sea borders.



Nigerian government has been unable to tackle the rising inflation in the country, creating apprehension and uncertainties.




https://saharareporters.com/2024/07/15/breaking-nigerias-food-inflation-continues-upward-trend-increases-4087-june
We are waiting for madam Remi Tinubu's backyard farms to reduce inflation. grin grin grin grin angry angry
Re: Nigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June by Brendaniel: 4:56pm On Jul 15, 2024
We warned them about Tinubu, they refused to listen....
Re: Nigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June by treesun(op): 8:02pm On Jul 15, 2024
People are really hungry!
Re: Nigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June by treesun(op): 8:03pm On Jul 15, 2024
iwaeda:
We are waiting for madam Remi Tinubu's backyard farms to reduce inflation. grin grin grin grin angry angry
Aha!
Re: Nigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June by Paraman: 8:11pm On Jul 15, 2024
Inflation is slowing down

If Tinubu can
Re: Nigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June by DMerciful(m): 8:17pm On Jul 15, 2024
Nigeria has to protest this outrageous ineptitude!
Paraman:
Inflation is slowing down

If Tinubu can
Re: Nigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June by Paraman: 8:27pm On Jul 15, 2024
DMerciful:
Nigeria has to protest this outrageous ineptitude!
protesting won't make price fall
Re: Nigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June by Good2go1: 8:32pm On Jul 15, 2024
Agbados
Re: Nigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June by DMerciful(m): 9:41pm On Jul 15, 2024
Its the right of citizens to protest when the government performs abysmally.
Paraman:
protesting won't make price fall
Re: Nigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June by Paraman: 10:07pm On Jul 15, 2024
DMerciful:
Its the right of citizens to protest when the government performs abysmally.
The Government is not performing badly.
Re: Nigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June by DMerciful(m): 10:18pm On Jul 15, 2024
You're a lone voice in the wilderness
Paraman:
The Government is not performing badly.
Re: Nigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June by Paraman: 10:21pm On Jul 15, 2024
DMerciful:
You're a lone voice in the wilderness
We shall find out in 2027
Re: Nigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June by iwaeda: 10:41pm On Jul 15, 2024
treesun:
Aha!
cry
Re: Nigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June by DMerciful(m): 11:09pm On Jul 15, 2024
Let Tinubu's govt overcome the next few months first
Paraman:
We shall find out in 2027
Re: Nigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June by Paraman: 11:16pm On Jul 15, 2024
DMerciful:
Let Tinubu's govt overcome the next few months first
He will
Re: Nigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June by press9jatv(m): 6:40am On Jul 16, 2024
The inflation is too too much
Re: Nigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June by popesco123: 6:48am On Jul 16, 2024
Na ogun go strike yakubu and other inec officials that rigged this thing in as president.
Re: Nigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June by treesun(op): 8:15am On Jul 16, 2024
More than 90% in actual sense!
Re: Nigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June by iwaeda: 9:01am On Jul 16, 2024
treesun:
Aha!
Ebi npawon ooooooo. Hunger is understatement. Nlfpmod, inflation is over 80 %. grin grin grin grin grin grin
Re: Nigeria’s Food Inflation Continues Upward Trend, Increases To 40.87% In June by treesun(op): 9:40am On Jul 16, 2024
iwaeda:
Ebi npawon ooooooo. Hunger is understatement. Nlfpmod, inflation is over 80 %. grin grin grin grin grin grin
They should go to the farm!
1 Reply

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