A recent market update shows a slight decrease in the Minimum Expenditure Basket, indicating reduced financial pressure on households. The basket's cost decreased by 1% to NGN 203,601. Grains were widely available, and fuel commodities saw an increase in availability, with petrol and diesel rising by 4% and 9% respectively.
However, charcoal availability decreased by 9%. Water was widely available across markets. Cash remains the primary payment mode, with digital payment options having limited use.
Vendors cited lack of capital and loss of supplier credit as main reasons for stock shortages. Further details on market trends and vendor challenges are available from the Joint Market Monitoring Initiative's update.
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