Food prices: Average Nigerian income no longer enough to feed families – Oyedele

Taiwo Oyedele, the Minister of Finance and Coordinating Minister of the Economy, has admitted that Nigerian households spend as much as 120 per cent of their income on food amid soaring prices.Oyedele, who spoke recently at Chatham House in London, said monthly incomes could no longer sustain many Nigerians, forcing them to borrow money or rely on relatives to survive.