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

Food Prices'll Decrease in 180 Days – Minister

POSTED ON July 10, 2024 •   Politics      BY Benedicta Bassey •   VIEWS 58
Minister of Agriculture and Food Security, Sen Abubakar Kyari/ Orderpaper

Following the wave of heightened hunger in the land and the recent protests by Nigerians against hunger and staple food prices, the Minister of Agriculture and Food Security, Sen Abubakar Kyari, on Wednesday, said that in 180 days, food prices will crash.

Kyari stated this on his X handle, where he unveiled measures that would be implemented over the next 180 days.

He said: “Our administration has unveiled a series of strategic measures aimed at addressing the high food prices currently affecting our nation. These measures will be implemented over the next 180 days;

“150-Day Duty-Free Import Window for Food Commodities, Suspension of duties, tariffs, and taxes for the importation of certain food commodities through land and sea borders. These commodities include maize, husked brown rice, wheat, and cowpeas.

“Imported food commodities will be subjected to a Recommended Retail Price (RRP). We understand concerns about the quality of these imports, especially regarding their genetic composition. The government assures the people that all standards will be maintained to ensure the safety and quality of food items for consumption.

“The Federal Government will import 250,000 metric tons of wheat and 250,000 metric tons of maize. These semi-processed commodities will be supplied to small-scale processors and millers across the country.

“Engagement with relevant stakeholders to set a GMP and purchase surplus food commodities to restock the National Strategic Food Reserve.

“Ramp-Up of Production for the 2024/2025 Farming Cycle.

"Continued support to smallholder farmers during the ongoing wet season farming through existing government initiatives; strengthening and accelerating dry season farming nationwide;

“Embarking on aggressive agricultural mechanization to reduce drudgery, lower production costs, and boost productivity as well as c.ollaborating with sub-national entities to identify irrigable lands and increase land under cultivation; Working closely with the Federal Ministry of Water Resources and Sanitation to rehabilitate and maintain irrigation facilities under river basin authorities across the federation.

“Developing strategic engagement for youth and women for immediate greenhouse cultivation of horticultural crops such as tomatoes and pepper to increase production volume, stabilize prices, and address food shortages; Fast-tracking ongoing engagements with the Nigerian Military to rapidly cultivate arable lands under the Defence Farms Scheme and encouraging other para-military establishments to utilize available arable lands for cultivation.

“Renewed Hope National Livestock Transformation Implementation Committee; This committee has been inaugurated on Tuesday, July 9, 2024, to develop and implement policies prioritizing livestock development in alignment with the National Livestock Transformation Plan, and a ministry of Livestock Development has been created.

“Enhancement of Nutrition Security
•Promoting the production of fortified food commodities.
•Supporting the scale-up of the Home Garden Initiative by the Office of the First Lady of the Federal Republic of Nigeria."

Meanwhile, he also explained, “Over the next 14 days, in close collaboration with the Presidential Food Systems Coordinating Unit (PFSCU) and the Economic Management Team (EMT), we will convene with respective agencies to finalize the implementation frameworks. 

However he said, “The success of these measures hinges on the cooperation and collaboration of all relevant MDAs and stakeholders.

“As our nation confronts this critical food security challenge, I reiterate President Tinubu’s unwavering commitment to achieving food security and ensuring that no Nigerian goes to bed hungry.

“My team and I will work swiftly and diligently to actualise these crucial policies, ensuring food security for everyone in the immediate term while continuing our strategies for long-term interventions to address underlying causes and ensure sustainable and resilient food systems in Nigeria.”

RECOMMENDED FOR YOU
NASS to provide legal framework for Nigeria, China agreements – Abbas
BY Abiodun Saheed Omodara September 28, 2024 0

The Speaker of the House of Representatives, Rt. Hon. Tajudeen Abbas has assured that the National A...

RECOMMENDED FOR YOU
Lawmakers stress LG autonomy, state police, women’s rights
BY Abiodun Saheed Omodara September 28, 2024 0

The Senate ad-hoc Committee on Constitution Review started its two-day retreat in Kano on Friday wit...

RECOMMENDED FOR YOU
79th UNGA: Shettima, Guterres chart ways for disaster relief, insecurity
BY Benedicta Bassey September 27, 2024 0

Vice President Kashim Shettima as well as the United Nations Secretary-General, António Guter...

RECOMMENDED FOR YOU
New York mayor faces indictment for financial malfeasance
BY Benedicta Bassey September 26, 2024 0

The mayor of New York, Eric Adams, has on Thursday been indicted on federal criminal offences, the U...

RECOMMENDED FOR YOU
Trump knocks Zelensky for not negotiating with Russia to end war
BY Benedicta Bassey September 26, 2024 0

Former United States President, Donald Trump, has hit on Ukrainian President, Volodymyr Zelenskyy fo...

RECOMMENDED FOR YOU
US Harris vows to enhance local manufacturing, backs middle class
BY Benedicta Bassey September 26, 2024 0

U.S. Vice President Kamala Harris has promised greater investments in domestic manufacturing across...

RECOMMENDED FOR YOU
Refusal of B/Faso, Mali, Niger to return to bloc worrisome —ECOWAS Parliament
BY Benedicta Bassey September 26, 2024 0

The Economic Community of West African States (ECOWAS) Parliament on Thursday expressed concern over...

RECOMMENDED FOR YOU
Florida, Georgia, others declare state of emergency
BY Benedicta Bassey September 26, 2024 0

The governments of Florida, Georgia, North Carolina, South Carolina, and Virginia have declared stat...

OUR CHANNELS:

OTHER ARTICLES ::

29th September, 2024
US Hurricane deaths rise to 44, authorities launch massive rescue operations
BY Abiodun Saheed Omodara September 29, 2024 0

The US authorities have reported at least 44 people died across five US states battered by powerful...


NASS to provide legal framework for Nigeria, China agreements – Abbas
BY Abiodun Saheed Omodara September 29, 2024 0

The Speaker of the House of Representatives, Rt. Hon. Tajudeen Abbas has assured that the National A...


Lawmakers stress LG autonomy, state police, women’s rights
BY Abiodun Saheed Omodara September 29, 2024 0

The Senate ad-hoc Committee on Constitution Review started its two-day retreat in Kano on Friday wit...


10 die, 11 injured in Russia service station blast
BY Abiodun Saheed Omodara September 29, 2024 0

An explosion tore through a service station in Russia’s Caucasus republic of Dagestan Friday,...


Lawmaker trains 50 youths, women in renewable energy skills
BY Abiodun Saheed Omodara September 29, 2024 0

House of Representatives member, Mr Sesi Whingan, has facilitated the training of 50 youths and wome...


EFCC arrests Taraba former governor over N27BN fraud links
BY Abiodun Saheed Omodara September 29, 2024 0

The Economic and Financial Crimes Commission (EFCC) has arrested Taraba State former Governor, Dariu...


Police detain four officers linked to corps members N1m extortion
BY Abiodun Saheed Omodara September 29, 2024 0

Following a public complaint from Lagos residents, the Nigerian Police has detained four officers al...


Sudanese: 18 die in paramilitary attack
BY Benedicta Bassey September 29, 2024 0

At least 18 people died after a paramilitary attack on a market in the Sudanese city of El-Fasher,&n...


Abuja Court grants Whistleblower PIDOMNigeria bail
BY Benedicta Bassey September 29, 2024 0

Bristol Issac Tamunobifiri, popularly known by his X name PIDOM Nigeria, has been granted bail on Fr...


Actor Idris Elba to star as Okonkwo in ‘Things Fall Apart’
BY Ebiakuboere England September 29, 2024 0

British actor, Idris Elba is poised to play Okonkwo, the protagonist of Chinua Achebe's famous novel...


Menu