Some households spend up to 120% of income on food, says Oyedele

Finance Minister Taiwo Oyedele said a government survey shows some Nigerian households now spend up to 120 percent of their income on food, forcing them to borrow or rely on relatives. He noted that food inflation is not falling as fast as headline inflation, worsening inequality, while the government is investing in farming improvements and running a cash transfer programme for over 10 million households.

Pidgin: Finance Minister Taiwo Oyedele talk say government survey show some Nigerian families don dey spend up to 120 percent of their income on food, so dem go borrow or depend on relatives. E talk say food inflation no dey fall like headline inflation, e dey make inequality worse, while government dey invest for farm improvements and dey run cash transfer programme wey don reach over 10 million households.

How this affects you: Households spending 120% of income on food, forcing them to borrow or rely on relatives.