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Amarachi Orjiude and Sami Olatunji, Abuja
Published 13 May 2021
Published 13 May 2021
A data consulting firm, StatiSense, has said that the rate of food inflation in Nigeria is at its worst under the regime of the President, Major General Muhammadu Buhari (retd.), when compared to previous administrations.
The firm said this on its Twitter handle, @StatiSense, on Tuesday based on statistics by the National Bureau of Statistics.
A recent report by the NBC showed that the year-on-year, food inflation rate was at 22.95 per cent as of March, which is the highest since October 2005 (almost 15½ years).
The report further detailed the pattern of food inflation since 1999, which showed that food inflation rate in the country had grown by 1,083 per cent in about 22 years.