FOOD SECURITY: FG WORKING TO ADDRESS HIGH PRICES – AGRIC MINISTER ASSURES
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Although the Federal Government acknowledged that there is food insecurity in the nation, it gave Nigerians hope that the issue is being handled and that commodity prices would soon decline.
According to figures from the National Bureau of Statistics (NBS), food inflation has risen to above 40% in recent months, making the cost of basic necessities unaffordable for millions of Nigerians.
However, Aliyu Abdullahi, the Minister of State for Agriculture, stated that the Federal Government’s many programs will result in lower commodity prices.
“You will see a lot of programmes trying to dampen [reduce prices] the situation,” he said on Monday’s edition of Channels Television’s Sunrise Daily.
“Agriculture has a time frame. Now, a lot of production is ongoing. We are in the rainy season and if you look at the fields, there is a lot of cropping going on. Those croppings are not food,” Abdullahi said.
“They will only translate to food after three months. So, until then, this story you are talking about will continue.”
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