Food prices have risen globally in recent years. It began with the coronavirus pandemic that made farmers and food producing companies unable to cultivate and produce food in sufficient quantities. Many food factories ran out of raw materials for their operations.
Since February 2022, Nigeria has been experiencing unprecedented fuel scarcity across most states of the country. Data from the United State Department of Agriculture revealed that only less than three per cent of the approximately 6 million metric tons of wheat consumed in Nigeria annually are locally sourced. Also, data from the confirms that Nigeria imported wheat worth over N128.1 billion in the 9-month period of 2021, and recorded a N144.14 billion durum wheat import in 2020.
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