A new report by the Institute of Development Studies, a UK-based institution, has placed Nigeria as the second poorest country in the world in terms of food affordability.
The report, compiled through a publicly available global cost-of-living database, was used in creating a ‘cost of food basics’ analysis that compares the monthly minimum recommended spend on food per adult and monthly average wage in 107 countries across the world.
According to the report, the top 10 countries where basic food is least affordable in are Syria, Nigeria, Ethiopia, Philippines, Sri Lanka, Ghana, Indonesia, Algeria, Iran and Uzbekistan.
Basic food is least affordable in Syria, where the minimum recommended monthly spend would account for 177 per cent of average wage income per adult, followed by Nigeria where 101 per cent of the average wage is spent on food.
A report last year by data firm Statista, pegged the average living wage in Nigeria at N43,200 which is 30.60 per cent higher than the minimum wage set at N30,000; a figure which several states are yet to meet up with.
