Nigeria

Nigeria

West and Central Africa Markets Update: June 2018

Post date Monday, 9 July, 2018 - 09:55
Document Type Report, Assessment Report
Content Themes Cash and Vouchers, Markets, Food Security, Information Management
Sources WFP

In Nigeria, market monitoring in Maiduguri indicated that since November 2017 there has been moderate to high increase in prices (up to 25 percent) of key staple foods in most of the monitored markets, showing a decline in food supply. On the other hand, in the monitored markets in Yobe state, food prices have either decreased or remained stable since November 2017. However, the main harvest is relatively higher in Yobe state than Borno state. Similarly, the level of security improvement and market functioning are relatively better in Yobe state. These trends confirm varying supply and demand levels in Borno and Yobe markets. The key areas of concern for prices are: high transportation costs, multiple taxation (at state borders), road harassment by security personnel, and poor road conditions. The cost of the Survival Minimum Expenditure Basket (SMEB) for a family of five in northeastern Nigeria increased from December 2017 to March 2018. However, a decrease of eight percent was recorded in Maiduguri between February and March 2018. The SMEB in Damaturu market decreased by five percent for the same period. This slight decrease has been driven mainly by a sharp decrease in the price of maize since February 2018 in most monitored markets. (Source:WFP/FEWSNET) 

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