Download Report (PDF | 993. 91 KB) The Minimum Expenditure Basket (MEB) declined by 4% to NGN 193,485 (USD 140. 76) in the reporting month, indicating a modest easing of financial pressure on the purchasing power of affected households.
Staple cereals and legumes showed a declined availability; however Oil and animal protein increases in availability. Energy items: Fuel commodities availability droped with petrol reported -6%, diesel down by -3% and charcoal down by -7%. While Water widely availability at (73%) across all markets.
Cash (Naira) remains the dominant payment mode at 48%. Digital payment penetration remains limited despite some use of bank transfers (24%) and debit cards (12%). 43% of vendors cited lack of capital as the primary reason for stock shortages; 18% cited loss of supplier credit.
*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
