Violence, foreign food trade restrictions causing food inflation, Agora Policy tells FG

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Agora Policy, an Abuja-based think tank, says slowing down the money supply and easing the restrictions on international food supply are short-term solutions to Nigeria’s rising food inflation.

The think tank said it is more likely that Nigeria’s increasing restrictions on international food trade have contributed more to domestic food inflation.“The anti-trade policies such as the border closure and the banning of foreign exchange for some food products have restricted international supply of food and put upward pressure on food prices,” Agora Policy said.

“If people’s incomes cannot keep up, then that additional means more affordability problems and even worse food insecurity.”

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thecableng /  🏆 2. in NG

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