Federal finance and statistics / Central Bank of Nigeria

Averting the Looming Food Crisis: A Clarion Call to Immediate and Near-term Policy Action

In Nigeria, food constitute a substantial share of family budgets, particularly for low-income households. When prices of essential foods items increase poorer people suffer the adverse impacts more disproportionately. While clothing and shelter are basic necessities of life, food remains the most vital, given its centrality to human existence. It is a known fact that the quest for food security has shaped human history, provoking wars, driving migration and underpinning the growth of nati | Keywords: Food crisis