The World Bank has warned that the rising prices of food items will reverse the progress of poverty alleviation in Nigeria.
It gave this warning in a report titled, “Global Economic Prospects,” released over the weekend.
In Nigeria, Food inflation rate rose, month-on-month, MoM, to 2.0 percent in April from 1.62 percent in January according to the data from Nigeria Bureau of Statistics, NBS.
While noting that the rising price of goods and services, partly induced by the supply disruptions owing to the war in Ukraine, has weekend economic growth in Nigeria and other countries in the Sub…
Source: All Africa
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