Investor Presentaiton

Jan-23 Mar-23 461 755 Parallel FX Official FX Jun-23 Aug-23 Oct-23 756 Dec-23 Source: National Bureau of Statistics, Nigeria Data Portal 2023 Increases in input costs, driven by fuel hike and FX, impacting consumer disposable income at an accelerated rate 950 Sorgum Price Food Inflation 55,500 1.250 NAFEX vs Parallel rate for USD Food Inflation % & Sorghum per ton in Naira Average price of Fuel in Naira 48,191 47,000 756 35,087 676 34 608 32 31 33 649 601 26,510 27 23,324 Jan-23 Feb-23 May-23 Jul-23 Sep-23 Oct-23 Nov-24 Dec-23 Jan-23 Mar-23 May-23 192 Jun-23 192 Aug-23 Oct-23 515 Dec 23 Petrol Diesel 1.056 Inter-city Intra-city 1.005 Nov-22 637 3.848 Jan-23 May-23 Jun-23 Jul-23 Sep-23 Transportation costs (Naira) 6.207 5.886 5.580 5.018 1.117 1.048 903 Oct-23 Nov-23 Dec-23 7 NB 7.402

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