Frequently asked questions
What is the National Food Price Tracking (NFPT) initiative?
The NFPT initiative is a project led by the National Bureau of Statistics (NBS) to collect and analyze real-time food price data across Nigeria.
What is the goal of the NFPT initiative?
The goal of the NFPT initiative is to provide accurate and timely food price data to support informed decision-making, improve market efficiency, and enhance food security.
What types of food items are tracked in the NFPT initiative?
The NFPT initiative tracks prices of essential food items, including rice, beans, maize, garri, yam, and other commodities.
How is the data collected?
Data is collected through a crowd-sourcing approach, where contributors submit prices of food items from various markets and outlets.
What is the frequency of data updates?
The data is updated daily to provide real-time insights into market trends and fluctuations.