Jun 14, 2021
Cluster of traders and shoppers at the Siun market in Obafemi Owode, Ogun State. LG Photo: Ifedayo Ogunyemi
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HYPERINFLATION has hit the prices of food items and household products across Nigeria, countrywide findings by Nigerian Tribune have shown. The development has effectively pushed many Nigerians into poverty as they find it extremely difficult to feed and meet their other daily obligations.
Densely-populated states like Lagos, Kano, Oyo, Kaduna, Rivers, Katsina, Bauchi, Anambra, Jigawa, Benue, with a combined projected population of 121 million residents are being daily pressured by the soaring prices of staple food items and household commodities.
Major cities like the Federal Capital Territory (FCT) with its millions of inhabitants are also grappling with the soaring prices, with the grumblings of Nigerians ringing around the country.