Nigerian Economy Struggles Despite Bumper Harvest, Farmers Face Challenges
The Nigerian economy is experiencing a downturn as low purchasing power and poor storage facilities are affecting farmers despite a bumper harvest. The National Bureau of Statistics reports a drop in headline inflation, but food inflation remains a concern.
Economist Simon Samson highlights the deepening troubles for farmers, who struggle with high production costs and low selling prices, leading to financial risks across the agricultural value chain.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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