According to research by The PUNCH, the Federal Capital Territory, Abuja, and Abia State have taken the lead over many other southern states as food prices rise to record levels in 2022. Data from “selected food prices” reports published by the National Bureau of Statistics during the studied period support this.
According to sources, the FCT, Abia, Ebonyi, Rivers, and Edo states experienced the largest increases in food costs in 2022.
Food costs are skyrocketing at a time when the NBS just revealed that approximately 133 million Nigerians, or 62.9% of the population, are multidimensionally poor.
In his own words, Emmanuel Onuorah, president of the Premium Bread-Makers Association of Nigeria, concurred with the statistics body’s findings that the price of bread had increased by 36.68 per cent.