Commodities
Benue Food Prices Crash,Middlemen Lose Out
Consumers in Benue State are celebrating a significant drop in food prices. However, middlemen who hoarded food items expecting higher prices are now facing heavy losses. According to The Guardian, middlemen bought and stored food commodities between November and February, hoping to profit from last year’s soaring prices. But prices began to decline after the […]
Aid Suspension Leads to Lower Food Prices Nigeria
The suspension of aid by USAID under President Donald Trump has had an unexpected outcome in Nigeria: a significant reduction in food prices. Despite the government’s efforts to claim credit, it’s clear that the previous administrations’ agricultural policies, including grants and subsidized machinery, didn’t yield the desired results. So, what changed? It appears that foreign […]