The National Bureau of Statistics has reported a 28.98 per cent rise in the average cost of farm produce between January and May 2025, signalling a deepening crisis in Nigeria’s agricultural sector.
According to the NBS, the price index for farm produce surged from 110.5 in January to 142.53 in May 2025.
This sharp increase, particularly pronounced in May, highlights the mounting pressure on local food prices, largely driven by worsening insecurity in the country.
A price index is a statistical measure that tracks the changes in the price level of a selected group of goods and services over time.