[Daily Trust] Recent inflation numbers from Nigeria are mounting serious concern over the rising cost of food in the country. But this is not Nigerians' first encounter with food prices running hot. The spikes date back roughly three decades. Between January 2003 and August 2021, the food inflation rate has raced to three major peaks. The first and highest was about 38 percent in August 2005, more than 16 years ago. The second, about 21 percent, was in July 2008. The third - the second-highest in 20 years - was about 23
