Close Menu
Chronicle NG
    Trending Stories
    Thirty months after recalling all Nigerian ambassadors, and 15 months before the end of its four-year tenure, the Tinubu administration on March 6, 2026, unveiled ambassadors for Nigeria.

    After 30 months, Nigeria returns with ambassadors, fumbling, by Owei Lakemfa

    March 9, 2026
    Aircraft carrying senator Jimkuta en route to Taraba develops fault mid-air

    Aircraft carrying senator Jimkuta en route to Taraba develops fault mid-air

    March 9, 2026
    Reactions as Obi warns Nigeria ‘under siege’, slams govt's ‘dead silence’ over insecurity

    Obi criticizes Tinubu’s govt over El-Rufai, Malami’s detention

    March 9, 2026
    Facebook X (Twitter) Instagram
    Trending
    • After 30 months, Nigeria returns with ambassadors, fumbling, by Owei Lakemfa
    • Aircraft carrying senator Jimkuta en route to Taraba develops fault mid-air
    • Obi criticizes Tinubu’s govt over El-Rufai, Malami’s detention
    • JAMB pays N1.57bn to CBT centres for 2026 UTME registration
    • 23 Cruzeiro, Mineiro players sent off in Brazilian football brawl
    • Reactions as Obi warns Nigeria ‘under siege’, slams govt’s ‘dead silence’ over insecurity
    • Appeal Court upholds ban on PDP Ibadan convention
    • Xavi reveals Laporta stopped Messi’s Barca return
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Monday, March 9
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle NG

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

    David GreatBy David GreatMarch 13, 2024No Comments3 Mins Read
    Facebook Twitter Telegram WhatsApp
    Obi condemns killing of Emir by kidnappers, calls for war against terrorism
    Facebook Twitter WhatsApp

    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.

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    Thirty months after recalling all Nigerian ambassadors, and 15 months before the end of its four-year tenure, the Tinubu administration on March 6, 2026, unveiled ambassadors for Nigeria.

    After 30 months, Nigeria returns with ambassadors, fumbling, by Owei Lakemfa

    Aircraft carrying senator Jimkuta en route to Taraba develops fault mid-air

    Aircraft carrying senator Jimkuta en route to Taraba develops fault mid-air

    Reactions as Obi warns Nigeria ‘under siege’, slams govt's ‘dead silence’ over insecurity

    Obi criticizes Tinubu’s govt over El-Rufai, Malami’s detention

    JAMB releases 2025 UTME resit results and warns on exam malpractice

    JAMB pays N1.57bn to CBT centres for 2026 UTME registration

    Reactions as Obi warns Nigeria ‘under siege’, slams govt's ‘dead silence’ over insecurity

    Reactions as Obi warns Nigeria ‘under siege’, slams govt’s ‘dead silence’ over insecurity

    Court to hear appeals on PDP national convention Thursday

    Appeal Court upholds ban on PDP Ibadan convention

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    Thirty months after recalling all Nigerian ambassadors, and 15 months before the end of its four-year tenure, the Tinubu administration on March 6, 2026, unveiled ambassadors for Nigeria.

    After 30 months, Nigeria returns with ambassadors, fumbling, by Owei Lakemfa

    March 9, 2026
    Aircraft carrying senator Jimkuta en route to Taraba develops fault mid-air

    Aircraft carrying senator Jimkuta en route to Taraba develops fault mid-air

    March 9, 2026
    Reactions as Obi warns Nigeria ‘under siege’, slams govt's ‘dead silence’ over insecurity

    Obi criticizes Tinubu’s govt over El-Rufai, Malami’s detention

    March 9, 2026
    JAMB releases 2025 UTME resit results and warns on exam malpractice

    JAMB pays N1.57bn to CBT centres for 2026 UTME registration

    March 9, 2026
    23 Cruzeiro, Mineiro players sent off in Brazilian football brawl

    23 Cruzeiro, Mineiro players sent off in Brazilian football brawl

    March 9, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.