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UPDATE: Food consumption cost Nigerians over N22trn in 2019 – NBS

Vegetables are another important dietary component of the N22.78 trillion spent on food by Nigerians. The report said that Nigerians spent N1.76 trillion on onions, tomatoes, okras, peppers, amaranthus, carrots, melons, Corchorus olitorus (ewedu), Hibiscus sabdariffa (sobo), and Adansonia digtata (baobab leaves) in 2019.
Muhammadu Buhari Organisation For Economic Central Bank Agriculture Organisation National Bureau Of Statistics National Bureau

How to invest in times of inflation

According to the National Bureau of Statistics (NBS) in a report titled “Consumer Expenditure Pattern report for 2019,” the typical Nigerian family spends 57% of their income on food. The cost of food in Nigeria increased 22.28% in May of 2021 compared to the same month in the previous year, again, according to the NBS. Food prices in Nigeria have been on an upward trajectory due to many factors, the primary being the activity of bandits and insurgents in parts of the North, leading to a fa...
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