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Money Radio: EP 44 – Tackling the looming scarcity of bread following rise in wheat price due to Russia war

by Leadership News
3 years ago
in News
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Nigerians are about to face more hardship as the price hike of bread looms following rising in the price of wheat caused by the war in Ukraine.  

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LEADERSHIP reports that the price of wheat has increased by as much as 68.5% in the last 12 days from $752 per bushel on February 22 to $1,267 as of March 4, 2022.  

Nigeria has depended on the importation of wheat from Russia and other places as local production is just about 2% of what the nation’s wheat needs.  

On the program today we shall look at what Nigeria must do to address the situation, especially investing in local production.


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