Analyze the causes and impacts of the rising food prices in Nigeria based on the provided news report.

Here is a news report on a matter arising in Nigeria:

Soaring Food Prices Worsen Hardship for Nigerian Households

Abuja, FCT – [Current Date] – Nigerians are grappling with an unprecedented surge in the cost of living, as inflation continues its relentless climb, pushing essential goods and services out of reach for many families. The latest figures from the National Bureau of Statistics indicate that the annual inflation rate has surpassed 33%, with food inflation being a primary driver, exacerbating economic hardship across the nation.

The removal of the fuel subsidy and the depreciation of the Naira have been identified as major contributors to this economic downturn. These policy changes have led to a significant increase in transportation costs, which directly impacts the price of food items transported from farms to urban markets. Additionally, persistent insecurity in agricultural regions continues to disrupt farming activities, leading to reduced yields and further scarcity of produce. Staple foods like rice, beans, garri, and yam have seen their prices double, and in some cases, triple, over the past year.

For average Nigerian households, the situation is dire. Many families are forced to cut back on meals, opt for cheaper, less nutritious alternatives, or forgo essential non-food items entirely. "It's becoming impossible to feed my family adequately," lamented Mrs. Adebayo, a mother of four and a market trader in Abuja. "Every day, prices go up, but our income remains the same. We are barely surviving." This sentiment is echoed by millions who find their purchasing power severely eroded.

Economists and civil society organizations have warned that if unchecked, the escalating cost of living could lead to increased poverty, malnutrition, and potential social unrest. While the government has introduced some palliative measures, such as cash transfers and agricultural support programs, their impact has been limited and often criticized for not reaching the most vulnerable populations effectively. There is a growing call for more sustainable and far-reaching economic policies to stabilize prices and improve the livelihoods of citizens.

The current economic climate demands urgent and comprehensive solutions to alleviate the suffering of millions and restore stability to the nation's economy.