In recent developments, the Federal Government of Nigeria has voiced deep concern over the persistent surge in food prices, igniting protests in regions like Niger and Kano.

Speaking at a bilateral meeting with a visiting delegation from Germany led by Minister of Economic Cooperation and Development Svenja Shulze, the Minister of Finance and Coordinating Minister of the Economy, Olawale Edun, stressed on the pressing issue in Abuja.

Edun underscored that the escalating prices, triggering widespread dissatisfaction among the populace, were primarily driven by the dynamics of supply and demand within the country.

Furthermore, amidst the backdrop of escalating prices, segments of Nigerian youths and women have expressed frustration over what they perceive as large-scale procurement of food items for hoarding and subsequent exportation out of the nation.

This worrisome trend underscores the urgent need for concerted efforts to address the root causes behind the surge in food prices, safeguarding the accessibility and affordability of essential commodities for all Nigerians.