Benue State University, Makurdi

Insecurity and Food Price Inflation in Post-Covid-19 Era in Nigeria

Y. Alfa and A. A. Alexander

Abstract

This study used annual data from 2018 to 2022 to examine the trend of food price inflation and insecurity in post-covid-19 era in Nigeria. Data on prices of grains (maize, beans, rice and wheat), prices of fast foods (noodles, semovita, Garri, spaghetti, egg, and milk, CocaCola) and failed state index (proxy for insecurity) were collected for the study. Graphs and charts were used to analyze the data. Findings from trend analysis show that Nigeria markets had, on the average, experienced more than 100 per cent rise in prices of wheat, rice, maize and beans over the period of 5 years investigated. Findings also show that there is about 68.8 per cent and 27.3 per cent increase in average prices of noodles and spaghetti respectively, while the prices of semovita, Garri, egg, and milk, have increase more than double, except CocaCola whose price rises by about 27.4 per cent within the period of five years investigated. Findings further show that insecurity and COVID-19 pandemic were fundamental factors that triggered food price inflation over the study period. Given the findings, the study recomm ends that the stakeholder in Nigeria should increase expenditure on covid-19 vaccines and intensify measures that reduce insecurity in Nigeria.

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