Nigeria’s current food inflation rate stood alarmingly high at 40.1% in March 2024, as revealed by recent data by the National Bureau of Statistics (NBS).Consumer price inflation in Nigeria averaged 13.0% in the ten years to 2023, above the Sub-Saharan Africa regional average of 9.4%. The 2023 average figure was 20.8%.Nigeria’s current food inflation rate stood alarmingly high at 40.1% in March 2024, as revealed by recent data by the National Bureau of Statistics (NBS).Consumer price inflation in Nigeria averaged 13.0% in the ten years to 2023, a%…..

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