Beans Now Out Of Reach, Food Inflation In Nigeria Would Increase

Beans Now Out Of Reach, Food Inflation In Nigeria Would Increase …C0NTINUE READING HERE >>>

An economist, Bismarck Rewane, has predicted that food inflation would increase in Nigeria in the coming weeks.

Rewane, who lamented specifically about the rising cost of beans, said the floods which have destroyed many farms, the high cost of moving goods from the farms to the market and the increase in the price of petrol from about ₦600 to about ₦1,000 are factors responsible for the increasing price of food products in Nigeria.

He made this known on Thursday while speaking on Channels Television.

Rewane said some food items, such as onions and rice, have recorded a little…

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