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Reasons Why There Would Be Hike In Food Prices This Christmas Season

The cost of food has increased in the country as Consumers of goods and services would have to pay a little more the Christmas season due to hike of food prices this year.

According to Nigeriabulleting.com, The latest report of a hike in inflation rate for the month suggests a bleak Christmas to most Nigerians, as most of the food items that constitute the staple of most homes during the Yuletide season would cost more. Prices in Food and Non-Alcoholic Beverages division as well as Transportation were most affected, according to the report, attributing it to shortages in the supply of petrol.

The quantity of Food imported into Nigeria has continued to drop on a yearly basis, the Federal Government has said. And according to the Minister of Agriculture, Chief Audu Ogbe, This might be as  result of  the nation’s agricultural economy had been killed as a result of illegal importation of rice, frozen foods and other food items through Seme and Cameron borders, a situation he said had destroyed the nation’s capacity of feeding over 60,000,000 Africans.

Also if you recall in the month of November, President Mohammadu Buhari in Paris, France stated that Nigeria is currently suffering from the effects of the climate change which he said have drastically affected food security.

What do you think is the solution to making food available to Nigerians this holiday? Please share your thought.

 

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