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Nigerians face potential food price hikes in three months as supply of staples tightensExperts warn of declining rice and tomato production amid rising costs nationwideThey say that urgent government intervention is needed to avert fresh food shortages and inflation
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Nigerians may soon face another round of food price shocks as experts warn that supplies of rice, tomatoes and other staple foods could tighten significantly over the next three months, raising fears of fresh inflation and increased hardship for millions of households.
The warning comes as dealers across major markets report fluctuating prices for essential food items, while industry stakeholders attribute the looming shortages to declining farm production, insecurity, rising transport costs and inadequate storage facilities.
Nigerians brace up as experts warn of looming rice and tomato scarcity in three months. Credit: NovatisSource: Getty Images
Rice production
