The tariffs announced in March have had very little impact on food prices so far.
In a country where the minimum wage is ₦70,000 (approximately $50) per month, rising inflation has forced many Nigerians to prioritize their spending.
This downturn is attributed to wheat import restrictions imposed in June 2024, which disrupted the supply chain for flour producers.
This acquisition aligns with LDC’s strategic expansion in Argentina, following the purchase of a warehouse in Gobernador Mansilla in 2024.
The regulations mandate the addition of iron, folic acid, zinc, and vitamin B12, among others.