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The Centre for the Promotion of Private Enterprise (CPPE) has stated that President Bola Ahmed Tinubu’s committee on food security has yet to impact the rising prices of food in Nigeria. Muda Yusuf, the Director of CPPE, disclosed this in his statement reacting to Nigeria’s latest headline and food inflation in May 2024, which stood at 33.95 percent and 40.66 per cent, respectively. CPPE lamented that the purchasing power of Nigerians has continued to drop amid the untamed inflationary pressure. According to the economic think-tank group, drivers of Nigeria’s inflation include the depreciating…

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