Nigeria’s food inflation rate remains among the highest in Sub-Saharan Africa. Insecurity, poor transport infrastructure, and import dependence continue to drive price spikes in key commodities like rice, maize, and tomatoes.
Key Insights from the Brief:
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Seasonal price shocks remain predictable but unaddressed.
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Transport costs account for over 30% of farm-to-market price increases.
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Subsidy programs lack coordination and often exclude smallholders.
Recommendations:
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Strengthen early warning systems using real-time price data.
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Invest in rural transport and storage infrastructure.
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Implement targeted market stabilization policies during lean seasons.