Urgent.News

What's breaking now, across thousands of outlets.

More in World

Nigerians now spend 120% of income on food – Oyedele

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said some Nigerians spend as much as 120 per cent of their income on food, forcing them to borrow money or rely on…

  • Some Nigerians spend 120% of income on food, leading to borrowing or seeking help
  • Nigerian poverty rate remains above 50% despite 5% unemployment rate
  • Government investing in agricultural tech, irrigation, storage to combat food insecurity

More from Tuesday 27 October →