Risk of flooding in Middle Belt raises inflation concerns   

19 September 2018 :Nigeria’s food supply could be at risk due to flooding in the nation’s food basket. The National Emergency Management Agency (NEMA) declared a national emergency in four states as water levels rise in the Niger and Benue rivers. The four states are Benue, Anambra, Kogi and Delta, some of which are key producers of Nigeria’s food, and any disruption in the region would affect domestic food supply. This could increase food inflation, which remained high in August as the effects of disruption from conflicts in the middle belt raised food inflation from 12.8% y/y in July to 13.2% y/y in August. 

Reporting for EasyKobo on Wednesday , 19 September 2018 in Lagos, Nigeria

Source: Vetiva Capital Management Limited

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