Share
Can sustain food inflation slowdown?
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the Nigerian economy is moving in the right direction as recent policies have started slowing down food inflation. Meanwhile, data from the National Bureau of Statistics shows Nigeria’s food inflation rose to 40 percent year-on-year while dropping 0.17 percent month-on-month in March this year. Uka Eje, the CEO of Thrive Agric joins CNBC Africa to discuss government’s strategy to address pressure points and the future of agriculture in Nigeria.
Wed, 17 Apr 2024 13:13:24 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- The significance of current food inflation trends and the need for continued efforts to sustain the slowdown.
- Challenges in the agricultural sector such as access to finance, infrastructure, and production efficiency.
- Strategic planning and investment in research, technology, and public-private partnerships for long-term food security.
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, believes that recent policies have begun slowing down food inflation in the country. Data from the National Bureau of Statistics reveals that Nigeria's food inflation increased to 40 percent year-on-year but dropped 0.17 percent month-on-month in March this year. Uka Eje, the CEO of Thrive Agric, joined CNBC Africa to discuss the government's strategy to address pressure points and the future of agriculture in Nigeria. The conversation delved into the current state of food inflation, the importance of sustainable agricultural practices, and the necessary steps needed to ensure long-term food security.
SIGN UP FOR OUR NEWSLETTER
DAILY UPDATE
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.
