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    Economic Hardship: Nigerians spend all their income on food alone – Peter Obi

    David GreatBy David GreatMarch 13, 2024No Comments3 Mins Read
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    The presidential candidate of the Labour Party in the 2023 general election, Peter Obi, has decried the high cost of food items across Nigeria, saying an average Nigerian household now spend all their on food alone.

    Obi, in a signed statement posted on social media, revealed this against the backdrop of a UNICEF Cadre Harmonisé report, which projected that 31.5 million Nigerians are at risk of acute hunger by August 2024.

    The Cadre Harmonisé is a unifying tool that helps to produce relevant, consensual, rigorous, and transparent analyses of current and projected food and nutrition situations. It classifies the severity of food and nutrition insecurity based on the international classification scale through an approach that refers to well-defined functions and protocols.

    Expressing his concerns over the current economic and food crisis bedeviling the country, the former Anambra governor stated that Nigeria now ranks among the top 20 hungriest nations in the world.”

    The situation has now become more complex with the high cost of living and high inflation rate, which pervades our economy. Today, with our ranking of 109 out of 125 countries measured on the Global Hunger Index, Nigeria is considered among the 20 hungriest nations in the world.

    • Nigerians blast Peter Obi over ‘new Nigeria is possible’ statement

    “Many Nigerian households now spend almost all their income on food alone, leaving all other family expenses to anyone’s imagination.” the statement partly reads.

    Advising the government on a way out of the current crisis, Obi emphasized the need to switch the nation’s economy from consumption to a productive one.

    He said, “I have consistently maintained that the surest way to fight hunger in Nigeria is by moving our nation from consumption to production, which entails aggressive investment in agriculture by fully exploring and cultivating the vast arable lands mostly in the Northern parts of the country.

    “Now that we have been given notice of the impending danger – the additional number of Nigerians that will face hunger by June this year, I strongly urge that we work hard and put in place measures that will help us to avert it. We must take urgent steps to boost food production in the country to defeat the rising hunger and attendant anger in the nation.”

    Concluding his thoughts, Obi urged the government to deal decisively with the scourge of insecurity, which has hindered many farmers across the country from accessing their farmlands.

    “With the high level of insecurity and terror attacks in many parts of the country hindering farmers from their agricultural activities, and management of our monetary policies impacting negatively on small businesses in the agricultural sector, the government must secure the farmers and give them adequate support for increased food production. Building a productive Nigeria remains our focus in the New Nigeria, which is possible.” he stated.

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    Dugbe fire destroys 20 shops at the NIPOST Shopping Complex in Ibadan, with losses exceeding ₦100 million after a late-night blaze

    Fire destroys 20 shops, goods worth over N100m in Ibadan

    June 7, 2026
    SERAP wins landmark Federal High Court case challenging the National Assembly’s N110 billion vehicle and allowance scheme.

    Court backs SERAP, declares N110bn National Assembly vehicle, allowance scheme illegal

    June 7, 2026
    Federal High Court in Lagos rules against the National Assembly’s N110 billion vehicle and allowance scheme, citing procurement and constitutional violations.

    Court declares National Assembly’s N110bn vehicle, allowance scheme unlawful

    June 7, 2026
    OPEC+ pauses oil output hike despite geopolitical tensions in Venezuela

    OPEC+ increases production quotas for July

    June 7, 2026
    Zulum denies Sowore’s claims of torture chamber in Borno

    Zulum hails Tinubu over rescue of 360 Borno captives

    June 7, 2026
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