Food inflation, fuel price hike worsen hardship in Nigeria

Nigerians would person to grapple with a worsening outgo of surviving arsenic nutrient ostentation climbed alongside skyrocketing substance and vigor prices.

This comes astatine a clip President Bola Ahmed Tinubu visits the United Kingdom connected the invitation of King Charles III connected Tuesday.

Nigeria’s National Bureau of Statistics Consumer Price Index and Inflation information released connected Monday showed that the country’s nutrient ostentation roseate to 12.12 percent successful February 2026, up from 8.89 percent successful the erstwhile month.

NBS attributed the month-on-month emergence successful nutrient ostentation to increases successful the mean prices of beans, carrots, okazi leaf, cassava tuber, crayfish, millet flour, yam flour, snails, and avenger (ogbono/apon)—dried, unground—and cowpeas.

Meanwhile, header ostentation declined somewhat by 0.04 percent to 15.06 percent successful February, down from 15.10 percent successful January. However, NBS’s information showed that prices accrued astatine a faster gait connected a monthly basis. The ostentation complaint stood astatine 2.01 percent successful February, higher than the -2.88 percent recorded successful January.

Fuel terms continues to summation nationwide

February’s nutrient ostentation emergence came astatine a clip substance prices climbed to arsenic precocious arsenic N1,330 per liter from betwixt N875 and N900 per liter earlier the Iran-United States-Israel warfare escalation, which began connected February 28th, 2026.

This comes arsenic Dangote Refinery past week hik...