Home News Nigeria ranked 2nd poorest in food affordability - Report

Nigeria ranked 2nd poorest in food affordability – Report

A new report by the Institute of Development Studies, a UK-based think tank, has placed Nigeria as the second poorest country in the world in terms of food affordability.

The report, compiled through a publicly available global cost-of-living database, Numbeo, was used in creating a ‘cost of food basics’ analysis that compares the monthly minimum recommended spend on food per adult and monthly average wage in 107 countries across the world.

The minimum recommended amount of food is based on 12-14 basic items that together would account for 2,100 calories per adult per day which is the level recommended by the World Health Organisation for energy needs.

The Cost of Food Basics found that, more than one year since the outbreak of Covid-19, there is vast disparity between countries in terms of the proportion of average wages needed to afford enough food.

The top 10 countries where basic food is least affordable in are Syria, Nigeria, Ethiopia, Philippines, Sri Lanka, Ghana, Indonesia, Algeria, Iran and Uzbekistan.

Basic food is least affordable in Syria, where the minimum recommended monthly spend would account for 177 per cent of average wage income per adult, followed by Nigeria where 101 per cent of the average wage is spent on food.

Last month, a survey carried out by The Punch in markets across Lagos, Ogun and the Federal Capital Territory showed that the cost of basic food items such as beans, tomatoes and rice had recorded worrying hikes of 253 per cent, 123 per cent and 51 per cent respectively within a year period.

A report last year by data firm Statista, pegged the average living wage in Nigeria at N43,200 which is 30.6 percent higher than the minimum wage set at N30,000; a figure which several states are yet to meet up with.

TP

RELATED ARTICLES

Why politicians campaign with road projects -Fashola

The Minister of Works and Housing, Babatunde Fashola, says politicians campaign with road projects because of their economic impact on society according...

We Can’t Say Govt Shouldn’t Borrow — Ahmad Lawan

President of the Senate, Ahmad Lawan, on Wednesday, justified the rising external debt profile of the country under President Muhammadu Buhari administration.

2 out 10 Nigerians lost their jobs in 2020 – NBS

United Nations Development Programme (UNDP) and the National Bureau of Statistics (NBS), said 20 per cent of Nigeria’s...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

‘He has sex tapes of Jane Mena, married women’ — Tonto Dikeh accuses Kpokpogri of blackmail

Tonto Dikeh, the Nollywood actress, has called out Prince Kpokpogri, her estranged lover, over allegations of extortion and...

Some Of Buhari’s Harshest Critics Dine With Him At Aso Rock – Femi Adesina

EaglesPath Online reports that Mr Femi Adesina, Special Adviser to President Muhammadu Buhari on Media and Publicity, has said some of the...

I Got N100,000 Share For Kidnapping Bethel High School Students ― Gang Leader

The leader of the kidnapping gang that abducted 136 students of Bethel Baptist High school in Kaduna State identified as Muazu Abubakar...

Nigeria moves to increase trade relations with Iran

EaglesPath Online reports that the Federal Government has called for deepening of trade relations between Nigeria and the Islamic Republic of Iran...

Recent Comments