Would you like to receive notifications on latest updates of the following headlines?

FG imports staple foods to tackle shortages

POSTED ON September 27, 2024 •   Breaking News      BY Abiodun Saheed Omodara
Food Importation

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said the Federal Government has procured some imported staple foods such as maize and wheat to tackle food shortages in Nigeria.

The minister made this known on Thursday in Abuja at an Inter-Ministerial press briefing as part of the activities to mark Nigeria’s 64th independence anniversary.

He said the procured food items would soon arrive in Nigeria, emphasising that the importation measure was an interim measure to avoid affecting local food production.

Edun said, “In the meantime, there is a short-term measure to import food. The government has already ordered procured maize and wheat which are on its way.

“It is critical that we do not disrupt domestic production of food, we do not disrupt farming in Nigeria by flooding the market with imports that now put prices where farmers are now discouraged from engaging in production and millers are discouraged from engaging in food processing.

“As a result, the conversations are on to see what quantity we can bring in without disrupting the agricultural sector.

“In the short term, yes, we are intervening through some imports and wet season procurement and delivery of the right import but in the long term, we must identify and put in place strategies to increase agriculture productivity.”

READ ALSO
Local petrol production soars 670% as Nigeria cuts PMS imports - NMDPRA
BY Abiodun Saheed Omodara April 16, 2025 0

ABUJA, Nigeria - The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has a...

READ ALSO
LASG unveils plans for enhanced energy efficiency, sustainable power solutions
BY Abiodun Saheed Omodara April 16, 2025 0

LAGOS, Nigeria - In an effort to ensure a 24-hour power supply throughout Lagos, the State Governmen...

READ ALSO
Lagos court struck out defamation suit against VeryDarkMan
BY Abiodun Saheed Omodara April 16, 2025 0

LAGOS, Nigeria - The Lagos State High Court in Ikeja has dismissed the defamation lawsuit brought ag...

READ ALSO
Empowering the Next Generation: Falana calls on youth to take back their country
BY Abiodun Saheed Omodara April 13, 2025 0

LAGOS, Nigeria (NAN) - Human rights lawyer and activist, Femi Falana, called on young people to take...

READ ALSO
NERC Fines DisCos N628m for energy cap violations
BY Abiodun Saheed Omodara April 11, 2025 0

The Nigerian Electricity Regulatory Commission (NERC) has levied a fine of N628,031,583.94 on eight...

READ ALSO
FG Naira initiative sparks optimism for affordable petrol from Dangote Refinery
BY Abiodun Saheed Omodara April 10, 2025 0

There is optimism that the Dangote Refinery may offer Premium Motor Spirit (PMS), commonly known as...

READ ALSO
EU urges Nigeria to elect leaders through popular vote, not court rulings
BY Abiodun Saheed Omodara April 10, 2025 0

ABUJA, Nigeria - The European Union (EU) Ambassador to Nigeria and the Economic Community of West Af...

READ ALSO
FG to launch automated Landing, Exit Cards for foreigners May 1
BY Abiodun Saheed Omodara April 10, 2025 0

In accordance with its electronic visa policy, the Federal Government will start issuing automated l...

OUR CHANNELS:

Nigeria's National policy on culture set for major update, after 37years
BY Abiodun Saheed Omodara April 19, 2025 0

The Minister for Art, Culture, Tourism, and Creative Economy, Hannatu Musawa, announced earlier this...


WAEC derecognised 574 schools, withdraws recognition to enhancing exam integrity
BY Abiodun Saheed Omodara April 21, 2025 0

LAGOS, Nigeria - The West African Examination Council (WAEC) in Nigeria has penalized and derecogniz...


LASG disburses N1.53bn in pension benefits to 742 retirees
BY Abiodun Saheed Omodara April 19, 2025 0

LAGOS, Nigeria - The Lagos State government announced that at least 742 retirees from its public ser...


RMAFC, ALGON collaborate to strengthen LG financial autonomy
BY Abiodun Saheed Omodara April 21, 2025 0

The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Dr. Mohammed Bell...


LCCI, NIXIN call for government support to revitalize Nigeria's paper manufacturing industry
BY Abiodun Saheed Omodara April 18, 2025 0

The Lagos Chamber of Commerce and Industry (LCCI), in collaboration with NIXIN Paper Mill Nigeria Li...


Yoruba leaders demand respect for autonomy amid sharia law controversy
BY Abiodun Saheed Omodara April 18, 2025 0

Yoruba One Voice (YOV), a pro-Yoruba nation organization, has asserted that for Nigeria to achieve g...


Cross River to rejuvenate rubber estates after out-of-court settlement with Enghaut industries
BY Abiodun Saheed Omodara April 18, 2025 0

CROSS RIVERS, Nigeria - The Cross River State Government, along with Enghaut Industries, has reached...


Eagles unveil strong 24-man squad for 2025 Africa U20 cup of Nations
BY Abiodun Saheed Omodara April 20, 2025 0

Nigeria’s under-20 head coach Aliyu Zubairu has announced a strong 24-man squad for the 2025 A...


Man Utd. late magic secures semi-final spot against Athletic Bilbao
BY Abiodun Saheed Omodara April 19, 2025 0

The renowned English football club, Manchester United, has advanced to the semi-finals of the Europa...


BREAKING: Liverpool's captain virgil van Dijk secures future at Anfield with New 2year Deal
BY Abiodun Saheed Omodara April 19, 2025 0

Liverpool captain Virgil van Dijk has officially committed his future to the club, signing a new two...


More Articles

Load more...

Menu