Close Menu
  • Home
  • Blog
  • All News
  • Africa
  • AI
  • Asia
  • Business
  • Europe
  • Tech
  • Trend
  • USA
  • Paypal Donations

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Gabon: Hostages released by Gabon’s coup leader 20 months later

19/05/2025

Africa’s CDC and Unitade Partners to Strengthen Equitable Access to Africa’s Health Products

19/05/2025

Nigeria: Government urges teachers to improve their education curriculum and increase teacher salaries

19/05/2025
Facebook X (Twitter) Instagram
Trendy Times
  • Home
  • Blog
  • All News
  • Africa
  • AI
  • Asia
  • Business
  • Europe
  • Tech
  • Trend
  • USA
  • Paypal Donations
Facebook X (Twitter) Instagram
Trendy Times
Home » Nigeria: Food prices rise deepens Nigeria’s poverty crisis
Africa

Nigeria: Food prices rise deepens Nigeria’s poverty crisis

TrendytimesBy Trendytimes16/05/2025No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
0061174263e77387f56223a1509fb944791b01ebarc614x376w1200
Share
Facebook Twitter LinkedIn Pinterest Email


Several West African countries, including Nigeria, Ghana, Senegal and the Gambia, proudly compete for those who make the best “Jollof Rice” that makes rice cooked in spicy tomato sauce. However, in Nigeria, this cultural staple is becoming luxurious due to rising inflation, but government support remains slow and insufficient.

Last month, geopolitical research and strategic communications company SBM Intelligence released its latest SBM Jollof index. The report entitled “Staple Under Stress” tracks food costs from September 2024 to March 2025, revealing that the cost of cooking a pot of Nigerian Jollof Rice jumped from 21,300 to 25,486 naira (₦) with a 19% spike. The prices of essential ingredients such as rice, onions, tomatoes, and peppers are rising rapidly.

News and academic reports show that Nigeria is in the worst life crisis in nearly 30 years. With the Nigerian budget and economic outlook in January 2025, global advisory firm Pricewaterhousecoopers warned that inflation combined with inadequate social protection could lead to poverty of 13 million Naira Nigerians this year.

The recovery from the economic challenges caused by the Covid-19 pandemic has been curtailed by a series of poor policy decisions in 2023, including the sudden removal of fuel consumption subsidies without adequate compensation.

It is important for the government to move away from fossil fuel subsidies that disproportionately benefit the wealthy and slow the transition to renewables, but it is equally important for the government to ensure low-income households, which may rise at costs after lower elimination, have access to essentials such as electricity, transportation, goods and services.

Nigeria does not have a comprehensive rights-based social security system that guarantees income support for a person’s lifelong life. As of 2022, only 14.8% of the population had access to at least one social protection benefit.

Sign up for the AllAfrica newsletter for free

Get the latest African news

success!

Almost finished…

You need to check your email address.

Follow the instructions in the email you sent to complete the process.

error!

There was a problem processing the submission. Please try again later.

In October 2023, the government announced cash transfers of 25,000 people from 15 million households over three months to mitigate the effects of inflation. But so far, only about 5 million households have received payments. Officials told Human Rights Watch that the programme has slowed implementation due to efforts to “improve accountability” by linking national social registrations used to identify “the poorest of the poor.”

Generally, such programs are often expensive to manage, prone to high exclusion errors, bureaucratic hurdles are responsible and ultimately condemn the beneficiaries.

Instead, authorities should take steps to create a social security system that aligns with universal rights backed by clear strategies and progressive funding to provide comprehensive support to people.

Only then can staples like Jollof Rice remain something that everyone enjoys, not just a privileged minority.

Anietie Ewang, Researcher, Africa Department



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Trendytimes
  • Website

Related Posts

Gabon: Hostages released by Gabon’s coup leader 20 months later

19/05/2025

Africa’s CDC and Unitade Partners to Strengthen Equitable Access to Africa’s Health Products

19/05/2025

Nigeria: Government urges teachers to improve their education curriculum and increase teacher salaries

19/05/2025
Leave A Reply Cancel Reply

Top Posts

Australia News Live: Elyn Patterson’s daughter says her mother was “a very good cook.” Albanese welcomes new lawmakers to Canberra | Australia News

09/05/2025

“Leone!” Vatican crowd praises Leo XIV as the new Pope of the Catholic Church | Religious News

09/05/2025

Man UTD 4-1 Athletic Bilbao (7-1 on Aggregate): Most Important Beliefs in the Europa League – Amorim

08/05/2025

Who was Robert Pribble, the new Pope Leo XIV, and the first American Pope?

08/05/2025
Don't Miss
All News

Australia News Live: Elyn Patterson’s daughter says her mother was “a very good cook.” Albanese welcomes new lawmakers to Canberra | Australia News

By Trendytimes09/05/20250

Erin Patterson’s trial resumes with a video of her daughter giving evidenceAdeshola oreWe are following…

“Leone!” Vatican crowd praises Leo XIV as the new Pope of the Catholic Church | Religious News

09/05/2025

Man UTD 4-1 Athletic Bilbao (7-1 on Aggregate): Most Important Beliefs in the Europa League – Amorim

08/05/2025

Who was Robert Pribble, the new Pope Leo XIV, and the first American Pope?

08/05/2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

About Us
About Us

Welcome to Trendy Times, your go-to source for the latest news and insights from around the globe. Our mission is to keep you informed about the most significant developments in the USA, Europe, Asia, Tech, and Business sectors.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Looking at these NVIDIA stock levels, chip export curbs are set to reach revenue

17/04/2025

Good news about UK inflation may be short-lived amid trade war and rising household bills | Inflation

16/04/2025

Tariffs affect Marshalltown business news, sports, work

16/04/2025
Most Popular

Sunday updates from Alexander Mountain Fire west of Loveland

04/08/2024

Cameron Norry knocked out Indian Wells in the third round. Tennis News

09/03/2025

Russia is claiming new benefits. Zelenskyy says it has “committed” to dialogue with us News of the Russian-Ukraine War

09/03/2025
Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise with Us
  • Contact us
  • Cookies
  • Privacy Policy
  • Terms and Conditions
© 2025 ThemeSphere. Designed by ThemeSphere.

Type above and press Enter to search. Press Esc to cancel.