Nigeria

Nigeria

Borno and Yobe States Monthly Market Monitoring Report March 2021

Post date Saturday, 8 May, 2021 - 11:22
Month(s) covered 2021-03
Document Type Assessment Report
Content Themes Markets, Food Assistance, Food Security
Sources WFP

Highlights


• Prices of staple foods have generally increased in March 2021 as compared to the
same period last year in many markets. Food supplies in the markets are lower and
food prices are higher across most monitored markets.
• Underpinned by the insecurity and Nigeria's Dollar crunch, the continuing inflationary
pressure on the food prices in the country to impact negatively on food security
throughout northeast Nigeria, particularly as the lean season approaches and more
households seasonally rely on markets for their food needs. The annual inflation in
Nigeria reached 17.33 percent in February 2021.
• The cost of the 70 percent of the Survival Minimum Expenditure Basket (SMEB) for a
family of five increased slightly from 20,650 Naira (February) to 20,657 Naira (March)
in Maiduguri and Jere in Borno State. Similarly, In Damaturu, the SMEB increased by 6
percent from 19,194 Naira (February) to 20,376 Naira (March).

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