Mon. May 2nd, 2022

BUSINESS NEWS .

The recent hike in food prices has caused many Nigerians to rethink their food consumption pattern as some have adjusted it according to their budget realities while others have overhauled their diets completely to fit their income.

According to National Bureau of Statistics, food items such as turkey, fish, beef, sausage, milk and other animal protein sources are fast becoming exempted from families’ diets due to the surge in their prices.

The African Development Bank, (AFDB), says that Africa currently faces an infrastructure financing gap of between sixty-eight billion dollars and one hundred and eight billion dollars annually.

The AFDB President, Dr. Akinwumi Adesina who stated this in Abuja said, this is in spite of collective efforts to close the margin and called for the immediate lifting of the travel bans given, as the Omicron variant of the Coronavirus has now been found in every country in the world.

And for exchange rate, one dollar officially exchanges for four hundred and fifteen point two-six naira, pounds sterling, five hundred and twenty-one point two-eight, while Euro goes for four hundred and thirty-eight point eight-zero naira.

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