Food industry on brink as rising costs, forex crisis trigger mass layoffs

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The Nigerian food industry is facing a severe crisis due to rising costs and a foreign exchange crisis, leading to mass layoffs. Consumers are shifting to smaller package sizes as their purchasing power declines significantly.

"Smaller package sizes remain the preferred choice for many consumers whose purchasing power has been severely eroded" The post Food industry on brink as rising costs, forex crisis trigger mass layoffs appeared first on Vanguard News.