HUNGER IN NIGERIA: Citizens cut food consumption by 49% due to price increase, Says NBS
The National Bureau of Statistics (NBS) in Nigeria has reported a significant decline in food consumption among Nigerians, attributed to a dramatic increase in food prices.
Specifically, the NBS indicates that food consumption has decreased by 49% following a staggering 75.5% rise in food prices. This situation reflects broader economic challenges faced by the country, including inflation and reduced purchasing power among consumers.
To comprehend the implications of a 75.5% increase in food prices, it is essential to consider the context of inflation and economic conditions in Nigeria.
Inflation rates have been high due to various factors such as currency devaluation, supply chain disruptions, and increased production costs. The rise in food prices can be linked to these economic pressures, which have made basic commodities less affordable for many households.
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For instance, if a staple food item previously cost 100 Nigerian Naira (NGN), a 75.5% increase would raise its price to approximately 175.5 NGN. This substantial hike can lead families to reassess their budgets and prioritize essential expenditures over discretionary spending.
The reported 49% reduction in food consumption signifies that many Nigerians are either reducing portion sizes or eliminating certain foods from their diets altogether. This drastic cut may lead to nutritional deficiencies and adverse health outcomes over time, particularly among vulnerable populations such as children and the elderly.
Several factors are blamed for this reduction, including rising prices outpacing income growth, forcing many families to make difficult choices about what foods they can afford.
Households may shift towards cheaper alternatives or less nutritious options as they seek to stretch their budgets.
Some of the long-term consequences of such drastic changes in consumption patterns include reduced access to nutritious foods which can lead to malnutrition and associated health issues.
A decline in demand for certain foods may affect local farmers and producers, leading to further economic instability, while there could be an increase in social tensions and unrest related to access to basic needs.
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