What do you believe is the single most important factor driving up the cost of living in Nigeria?

The bureau collects retail food prices monthly from over 10,000 outlets nationwide to monitor inflation trends, including the prices of more than 200 food items.

“Animal source foods were the most expensive food group in August, accounting for 37 per cent of the total cost of a healthy diet while providing only 13 per cent of total calories,” the report highlighted.

At the state level, costs varied, with Ogun, Lagos, and Rivers states recording the highest average daily costs of N1,641, N1,615, and N1,572, respectively.

“Katsina, Kaduna, and Sokoto, however, had the lowest costs, at N880, N951, and N980 per day,” the report further noted. These regional disparities highlight the unequal access to affordable nutrition across the country.

“At the zonal level, the South West zone recorded the highest average daily cost of N1,554, followed by the South-South zone at N1,381. “The North West zone recorded the lowest cost of a healthy diet at N1,041 per day,” NBS added.

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