Price Of Food May Continue To Increase – LCCI

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Naijanews April 19, 2024 7:51 a.m.

Price Of Food May Continue To Increase – LCCI

The business advocacy group noted that despite an average growth of 2.7% recorded in 2023, Nigeria still needs to implement aggressive growth mechanisms to meet the government’s budget benchmark of 3.76%.

Idahosa pointed out that while Nigeria’s economy saw a growth of 3.46% year-on-year in the fourth quarter, the first quarter of 2024 has been marred by volatility in the foreign exchange market, which in turn has driven up production costs..

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