• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Agribusiness

Two-Thirds of Nigerian Families Go Hungry as Food Prices Soar

11 months ago
in Agribusiness, Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
89
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Two-Thirds of Nigerian Families Go Hungry as Food Prices Soar

Almost two out of three Nigerian households are going hungry, with families skipping meals as they cannot afford enough food, according to a report by the country’s statistics agency.

The number of households that reported not having enough food to eat because of lack of money doubled to 62.4% in 2023 from 37% in 2019, according to the report, published Thursday on the website of the National Bureau of Statistics.

“Furthermore, 12.3% reported that at least one person in the household went without eating for a whole day,” the report said, underlining the impact of food inflation that peaked at a near-three-decade high 41% in June. About 21% of households rely on help from friends or relatives, it said.

Already, poor nutrition is leading to physical effects such as stunted growth, with a quarter of boys and girls regarded as underweight for their age, up from 19% four years ago.

Food prices are being stoked by reforms introduced by President Bola Tinubu, with the annual inflation rate rising to 33.9% in October. Since coming into office in May 2023, Tinubu has removed currency restrictions, resulting in a 72% depreciation of the naira. He has also eliminated subsidies on fuel and electricity, leading to prices more than doubling.

While the reforms have been hailed by international investors as well as the World Bank and International Monetary Fund, it triggered demonstrations in August as Nigerians poured onto the streets to protest against rising food prices.

RelatedPosts

Parliament to Hold Special Hearings on Extractive Industries’ Impact on Jobs and National Development

Ghana’s Economy Ranked Among 14 African Economies at High Risk of Short-Term and Commercial Vulnerability

Dangote Plans Refinery Upgrade to Dethrone India and Lead the Global Refining Market

The average cost of a healthy diet has risen 30% in the five months through September, the statistics agency said in a separate report published this week.

Source: bloomberg
Via: norvanreports
Tags: food priceshungerNigerian FamiliesTwo-Thirds of Nigerian Families Go Hungry as Food Prices Soar

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

FirstBank Ghana Concludes Third Junior Internship Programme to Nurture Future Leaders

Regulatory Weakness, Capped Stabilisation Fund Undermining Ghana’s Petroleum Revenue Management – PIAC

MLS Playoffs 2025: A Look Ahead to the Exciting Postseason

Michael Jordan Rookie Card Sets New Record with $2.7 Million Sale

BoG Pegs Ghana Gold Coin at GHS 47,551 per Ounce

UEFA Champions League: Paris, Inter and Arsenal Win in Style to Stay Perfect, Barcelona Score Six

Trending

Business

Parliament to Hold Special Hearings on Extractive Industries’ Impact on Jobs and National Development

October 22, 2025

Parliament to Hold Special Hearings on Extractive Industries’ Impact on Jobs and National Development Parliament is set...

Ghana’s Economy Ranked Among 14 African Economies at High Risk of Short-Term and Commercial Vulnerability

October 22, 2025

Dangote Plans Refinery Upgrade to Dethrone India and Lead the Global Refining Market

October 22, 2025

FirstBank Ghana Concludes Third Junior Internship Programme to Nurture Future Leaders

October 22, 2025

Regulatory Weakness, Capped Stabilisation Fund Undermining Ghana’s Petroleum Revenue Management – PIAC

October 22, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.