THE World Bank has said that the rising prices of food items in the country could push additional six million Nigerians into poverty. The World Bank added in the report, “The share of Nigerians living below the national poverty line could have increased from 40.1 percent to 42.8 per cent, due to the food price inflation witnessed between June 2020 and June 2021. While food price inflation would decrease purchasing power and raise poverty across Nigeria, it appears that urban areas could be disproportionately affected. The World Bank traced the rising food prices to the effect of COVID-19. “Indeed, in 2020 and 2021, Nigeria witnessed its highest surge in food-price inflation in almost two decades.

Source: Nigerian Tribune November 18, 2021 08:23 UTC