• About Us
  • Contact Us
  • Privacy & Policy
Monday, August 18, 2025
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
Advertisement
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
No Result
View All Result

Nigeria’s Food Inflation Hits Record High, 40.66% in May 2024

Vincent Amadi by Vincent Amadi
July 6, 2024
in Economy
Reading Time: 3 mins read
A A
0
Nigeria’s Food Inflation Hits Record High, 40.66% in May 2024
Share on FacebookShare on TwitterShare on WhatsappShare on EmailShare on Telegram


As food crises continue in Nigeria, the United Nations has again projected that 82 million Nigerians, or about 64 percent of the country’s population, could face hunger by 2030.
At the same time, they called on the Federal Government to combat climate change, pest infestations, and other threats to agricultural productivity. Journalists reported that the projection comes amid continued food price increases in the country. According to the National Bureau of Statistics (NBS), Nigeria’s food inflation rate will hit a record high of 40.66 percent in May 2024, up from the previous month’s increase of 40.53 percent.
The increase marks the largest year-on-year increase in food prices since records began in 1996. Historically, Nigeria’s average food inflation rate has been 13.42 percent, with the lowest level being -17.50 percent in January 2000.


The United States Food and Agriculture Organization projected that as many as 2.6 million Nigerians will live in Borno, Sokoto state in 2023. Zamfara state and the FCT could face a food crisis between June and August 2024.

An analysis released in March 2024 by the government-run Cadre Harmonisé estimated that about 4.8 million people in Borno, Adamawa, and Yobe states suffer from severe food insecurity, the highest level in seven years.
As Nigerian workers approach May 1, 2024, the Organized Labour Congress expressed concern over rising food prices and fuel shortages in the country, saying the current situation is threatening the survival of workers.
A senior Nigerian lawyer, Olisa Agbakoba, also recently warned that food riots could soon erupt in Nigeria and called on the Federal Government to act swiftly.

The UN Food and Agriculture Organisation Humanitarian Coordinator, represented by a UN official, Taofik Braimoh, stated this at the launch of the CropWatch food security survey in Abuja recently.
“This year’s findings are alarming: About 22 million Nigerians will be food insecure in 2023, and about 80 to 82 million will be severely food insecure by 2030.”
“Nigeria, like many other countries, suffers from food insecurity, climate change, unstable water supplies, pest infestations and other threats to agricultural productivity.”
“As an agricultural society, the success of farms directly impacts the availability of food to its people. Harnessing technology is crucial to strengthening the agricultural sector and ensuring food security. He stressed that satellite-based crop monitoring will provide real-time data on crop conditions, enabling farmers and policymakers to make informed decisions and optimize agricultural practices.”
He said that technology could help accelerate the achievement of the Sustainable Development Goals in the food and agriculture sector.
Agricultural Economist Tobi Awolope of the Centre for Agricultural Development and Sustainable Environment, Federal University of Agriculture, Abeokuta, noted that Nigeria’s high hunger rate is due to climate change, severely affecting smallholder farmers who are the main players in food production.

Awolope, who spoke with our correspondent on Friday, noted that these farmers have little capacity to adapt to the effects of climate change, such as erratic rainfall patterns and lack of irrigation.
“Climate change has reversed progress towards achieving Sustainable Development Goals 1 and 2, which aim to eradicate poverty and hunger.
“Smallholder farmers are struggling to adapt to climate change, which has led to reduced food availability and higher prices,” she said.
She stressed the need for government support for farmers, including by providing subsidies on inputs and technology and irrigation assistance. “Farmers alone cannot mitigate the effects of climate change. Governments must step in and support them to ensure food security,” she said.
Aworope also stressed the importance of using the research recommendations to inform policy decisions, saying “We need to use these recommendations to make informed decisions that support farmers and ensure food availability.”
The Director General of the National Space Research and Development Agency, Dr. Adepoju Mathew emphasized the Importance of Science, Technology, and Innovation in Promoting Agricultural Development and Food Security.
“The world population is expected to reach 9.5 billion by 2050, and food production will need to increase by 70% to meet this demand. Space science, technology, and innovation have a key role to play in transforming agriculture and improving food security,” he added.

Tags: businessnigeria
Vincent Amadi

Vincent Amadi

Related Posts

Rice farmers blame middlemen for continuous price hike
Economy

Rice farmers blame middlemen for continuous price hike

18 hours ago
Naira appreciates against dollar on the weekend
Economy

Naira appreciates against dollar on the weekend

2 days ago
Largest shea butter refinery in Africa begins operation in Niger State
Economy

Largest shea butter refinery in Africa begins operation in Niger State

1 week ago
Afreximbank signs $4bn refinancing loan for Dangote refinery
Economy

Afreximbank signs $4bn refinancing loan for Dangote refinery

2 weeks ago

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.

NATIONS NEWS

Nigeria and Brazil to sign MoU on direct flight
National

Nigeria and Brazil to sign MoU on direct flight

17 hours ago
By-election: APGA wins Anambra South Senate, Onitsha North 1 elections
National

By-election: APGA wins Anambra South Senate, Onitsha North 1 elections

18 hours ago
Church Renders Free Medical Outreach, Others to Host Communities in Rivers
National

Church Renders Free Medical Outreach, Others to Host Communities in Rivers

18 hours ago
INEC Receives 110 Applications from Associations Seeking Registration as Political Parties Ahead of 2027 Elections(see list)
National

By-elections: Opposition parties warn INEC to shun bias

2 days ago
Police clears criminal hideouts in Abuja’s Apo District
National

Police clears criminal hideouts in Abuja’s Apo District

3 days ago
Anambra APC fault Soludo’s visit to Tinubu in Aso Rock
National

Anambra APC fault Soludo’s visit to Tinubu in Aso Rock

3 days ago

POLITICS

Seven Akwa Ibom Lawmakers Defect to APC, Citing Party Divisions

Anambra South By-Election: APC Rejects Result, Alleges Voter Intimidation

3 hours ago
South-East Governors Back Tinubu for 2027, Umahi Declares

South-East Governors Back Tinubu for 2027, Umahi Declares

3 hours ago
Seven Akwa Ibom Lawmakers Defect to APC, Citing Party Divisions

Oyo APC Group Blames Adelabu’s Candidate Imposition for Ibadan By-Election Loss

3 hours ago
NNPP rejects APC victory in Kano re-run election, vows to challenge result in court

NNPP rejects APC victory in Kano re-run election, vows to challenge result in court

3 hours ago
Seven Akwa Ibom Lawmakers Defect to APC, Citing Party Divisions

Leave Tinubu out of your EFCC Case — APC chieftain Warns Opposition Politicians

18 hours ago
INEC undermining rule of law, delaying recognition of party leadership — NNPP

INEC undermining rule of law, delaying recognition of party leadership — NNPP

2 days ago

YOUR ECONOMY

Rice farmers blame middlemen for continuous price hike
Economy

Rice farmers blame middlemen for continuous price hike

18 hours ago
Naira appreciates against dollar on the weekend
Economy

Naira appreciates against dollar on the weekend

2 days ago
Largest shea butter refinery in Africa begins operation in Niger State
Economy

Largest shea butter refinery in Africa begins operation in Niger State

1 week ago
Afreximbank signs $4bn refinancing loan for Dangote refinery
Economy

Afreximbank signs $4bn refinancing loan for Dangote refinery

2 weeks ago
High Interest Rate Tops Business Constraints in Nigeria
Economy

High Interest Rate Tops Business Constraints in Nigeria

3 weeks ago
Naira depreciates against dollar twice in one week
Economy

Naira depreciates against dollar twice in one week

4 weeks ago

E & P

KTF Launches Free Youth Tennis Clinic in Port Harcourt
Sports

KTF Launches Free Youth Tennis Clinic in Port Harcourt

by Tammy Opoki
2 hours ago
0

KTF's free youth tennis clinic kicks off in Port Harcourt with over 200 children, fostering grassroots sports talent. KTF Launches...

‘It’s a shame’ – Ex-Newcastle striker, Andy Carroll blasts Isak over transfer move

‘It’s a shame’ – Ex-Newcastle striker, Andy Carroll blasts Isak over transfer move

2 days ago
NPFL Suspends S’Eagles Goalkeeper Over Betting Allegations

NPFL Suspends S’Eagles Goalkeeper Over Betting Allegations

1 week ago
CAF Ranking: Rivers United Emerged Top club in Nigeria

CAF Ranking: Rivers United Emerged Top club in Nigeria

1 week ago
National Youth Games: NSC  Give Asaba Facilities  Pass Mark, Confirms Date

National Youth Games: NSC  Give Asaba Facilities  Pass Mark, Confirms Date

1 week ago
Inter Milan Target Ademola Lookman in €40m Transfer Bid

Arsenal Legend Backs Move for Lookman Amid Transfer Talks

2 weeks ago

YOUR THOUGHT & HISTORY

Tribute to Old Port Harcourt Boy (Peter Rufai)
Columns

Tribute to Old Port Harcourt Boy (Peter Rufai)

by Tammy Opoki
4 weeks ago
A Democracy Strained: Buhari’s Human Rights Record and the Repression of Dissent
Columns

A Democracy Strained: Buhari’s Human Rights Record and the Repression of Dissent

by Odini Brains
1 month ago
El-Rufai Plans New Party as ADC Backup Against APC Interference
Columns

The Shadow Strategist: El-Rufai, the Illusion of Power, and 2027’s Looming Reckoning

by Odini Brains
1 month ago
Columns

Kidnapped, Silenced, Vindicated: The Full Impact of Kanu’s Judgment

by Odini Brains
2 months ago
The Emerging Kogi: Economic Growth Impact Transforming Better Reality
Columns

The Emerging Kogi: Economic Growth Impact Transforming Better Reality

by Kiikpoye Karibo
2 months ago

Who we are

Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history

Welcome to Umpire News, your go-to online newspaper dedicated to broadening perspectives and expanding the horizons of our numerous readers. Read more

Browse by Category

  • Columns
  • Economy
  • Editorial
  • Entertainment
  • International
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Trends

Recent News

KTF Launches Free Youth Tennis Clinic in Port Harcourt

KTF Launches Free Youth Tennis Clinic in Port Harcourt

August 18, 2025
Seven Akwa Ibom Lawmakers Defect to APC, Citing Party Divisions

Anambra South By-Election: APC Rejects Result, Alleges Voter Intimidation

August 18, 2025
  • About Us
  • Contact Us
  • Privacy & Policy

© 2024 Copyright Umpirenews. All rights reserved

No Result
View All Result
  • Home
  • National
  • Economy
  • Politics
  • Sports
  • Entertainment
  • Editorial
  • Opinion
  • Columns

© 2024 Copyright Umpirenews. All rights reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
🤑Join & Get Our Easter Gifts 🤑

Enter your NAME & Email NOW!!

Be among the 1st 100 lucky WINNERS to win our Amazing GIFTs this Easter Period as you READ our Daily hot NEWs & make meaningful comments and follow us on our social media handles.

Name
Enter your email address