- Some Nigerian families spend 120% of income on food.
- Low wages deepen poverty despite easing inflation.
ABUJA, NIGERIA – Nigeria’s cost-of-living crisis has reached a disturbing point, with some poor households spending more on food than they earn, according to a government survey.
Finance Minister Taiwo Oyedele disclosed that food expenses consumed as much as 120% of some households’ incomes, exposing the struggles facing working families despite reforms intended to stabilise Africa’s most populous economy.
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