Nigerians now spend 120% of income on food – Oyedele

Daily Trust | 27-10-2026 06:32am |

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said some Nigerians spend as much as 120 per cent of their income on food, forcing them to borrow money or rely on relatives to survive. Oyedele spoke at Chatham House in London, where he said a government survey showed that food expenses exceeded the incomes of ...

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