Source: World Food Programme
Country: Nigeria
Highlights
- The food basket expenditure (calculated for 1,753 kcal/per person) for a family of 8 people increased by 2 percent from 27,147 Naira in September to 27,743 Naira in October. The food basket is 61 percent higher compared to March 2016.
- The minimal month to month increase in the cost of the food basket was largely driven by increases in prices of cowpea/red beans and peanuts by 11 percent and 12 percent respectively.
- With the general decline in agricultural production associated with the conflict in Borno and Yobe States, along with the increased cost of fuel, market supply conditions are hampered and could further limit household food access in the coming months.
- Most of the staple food commodities available in the markets of Maiduguri are supplied from markets in Kano, Yobe and Taraba States. Some commodities such as red beans and local rice are supplied from Biu, Dikwa, Mungono and Zamarmari in Borno State.
Introduction
The conflict in northeastern Nigeria has disrupted livelihoods and decimated agricultural production and trade in basic food commodities as well as the functioning of markets. These conditions, coupled with a turbulent economic environment, characterized by low price of crude oil and rapid depreciation in the value of the Naira have contributed to rising prices of basic food commodities in the affected areas. Between May 2016 and September 2016, the Naira depreciated in value by 54.9% against the US dollar. According to the National Bureau for Statistics, the Consumer Price Index (CPI) which measures inflation rate rose to 17.9 percent in September 2016 compared to 9.6 percent in January.