Lagos, Nigeria — The Joint Market Monitoring Initiative (JMMI) has issued an update on market conditions in Nigeria’s northeastern states of Borno, Adamawa, and Yobe, revealing a 6% increase in the Minimum Expenditure Basket (MEB) to NGN 205,931 (USD 150. 34) in July 2026. This rise underscores the financial pressure on local households amidst ongoing humanitarian crises.
Despite staple cereals and legumes showing increased availability, the report notes mixed fortunes in fuel commodities. Petrol availability rose by 1%, while charcoal saw a 3% decrease.
However, diesel availability dropped by a notable 17%, potentially affecting transportation and livelihoods. Digital payment penetration remains limited, with cash remaining the dominant payment mode at 41%. Bank transfers and debit cards account for 29% and 19% respectively, highlighting the challenges in promoting digital payments in rural areas.
The JMMI report indicates that 36% of vendors cite lack of capital as the primary reason for stock shortages, with 20% attributing the issue to the loss of supplier credit. These findings underscore the need for targeted interventions to support affected households.
The Central Bank of Nigeria (CBN) and humanitarian organizations such as Reliefweb and iMMAP are monitoring these developments.
As the JMMI continues to monitor market conditions, policymakers and humanitarian organizations must consider these findings to work towards sustainable solutions for the affected communities.
*Additional reporting by ImNews | Sources consulted: 5*
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This original article was produced by the ImNews editorial team
Source: reliefweb
Source: Fact Foundation
