Nigeria

Nigeria: Borno and Yobe States Market Monitoring Report, January 2018 - Issue 12

Attachments

Highlights

  • Adequate market stocks and supplies of some staple food commodities (red beans, peanuts, imported rice and local rice) have contributed to price stability and in some cases a decrease in most of the monitored markets of Borno and Yobe States when compared to the past three months potentially favouring improved access to food by market-dependent households.

  • The cost of the Survival Minimum Expenditure Basket for a family of 5 increased slightly by 1.7 percent from 16,060.59 Naira in December to 16,329.44 Naira in January 2018 in Maiduguri and by 2 percent from 14,904.49 Naira in December to 14,533.05 Naira in January 2018 in Damaturu market. An increase of 1.26 percent was also recorded in Bade within this period.

  • The continuing upward trend in the prices of maize and sorghum in some markets in both Borno and Yobe States during the past three months does not augur well for the food security situation of households which may have already ran out of stocks due to poor harvest from the last agricultural season. The price of maize flour increased by 35.1 percent in Monday market, by 15 percent in Custom and 27 percent in Kasuwan Shanu in Maiduguri compared to October 2017. In Potiskum and Yusufari, increases of 33.3 percent and 22.9 percent respectively were recorded as compared to October 2017.