FG Vows Action Against Soaring Food Prices

On Thursday, Senator Abubakar Kyari, the Minister of Agriculture and Food Security, pledged to explore measures addressing soaring food prices and improving the well-being of Nigerians. Kyari made these assurances during discussions with journalists at the Ministry’s Abuja headquarters, coinciding with a courtesy call from Ekiti State Governor, ‘Biodun Oyebanji.

He also affirmed that with the onset of dry season farming and the upcoming wet season farming, Nigeria is poised to witness a reduction in food prices, aiming to surpass the 400,000 hectares projected by President Bola Tinubu in his New Year broadcast.

He said: “We are looking at the dynamics of releasing food to Nigerians. Sometimes you look at the purchase of grains so that we will not disturb the market.

“So right now we are concerned about the price of food but we are also concerned about the porous nature of our borders with the Naira’s low strength, we have the cheapest price of food around the countries surrounding us so that is an attraction, and maybe that is even driving our food prices up. So we will look at it and release a statement very soon.”


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