Snack bars are typically nutritious and compact, making them a convenient choice for consumers seeking quick energy or a meal replacement.
Per capita rice consumption now stands at 84 kg, up from 58 kg two decades ago, driven by urbanization, dietary changes, and rising rural market connectivity.
This decline is attributed to the nation’s strategic pivot from flour to raw grain exports, a move that has already resulted in milling operations running at a mere 39% capacity.
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.