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

Food Prices Will Crash Soon, FG Declares

POSTED ON July 31, 2024 •   Business      BY Abiodun Saheed Omodara •   VIEWS 100
Minister of State for Agriculture and Food Security, Dr Aliyu Abdullahi

The Federal Government has declared that food prices nationwide will soon crash, owing to its commitment to ensuring food security through the adoption of new farming techniques in Nigeria. 

The government has acknowledged the ongoing food crisis in Nigeria, as revealed at the 48th Annual Conference of the Soil Science Society of Nigeria in Abuja. 

The Minister of State for Agriculture and Food Security, Dr Aliyu Abdullahi, stated that the government is fully aware of the current food crisis in the country.

Abdullahi said the government is exploring various strategies to ensure food security, including ramping up food production by transitioning Nigeria to a sustainable food production system with year-round farming.

The minister acknowledged the current food challenge in Nigeria, stating that the government was aware of the situation and was taking steps to address it. 

He said they were planning for the next dry season, aiming to make it a success through increased production. 

The minister highlighted the recent drop in Irish potato prices as an example of the government's efforts to boost food availability and affordability. 

He further said the government was working to provide support to farmers by adding value to their production and reducing food service losses.

The minister also acknowledged that the lean period, when food is less available, poses a challenge for the country. 

He stated that the ministry was committed to promoting the Nigerian farmer's soil healthcare scheme as a key priority and significant intervention for sustainable agriculture, with plans to establish the scheme in all 774 Local Government Areas in Nigeria. 

The minister highlighted that the soil healthcare scheme aimed to improve soil health and fertility, increase agricultural productivity and resilience, enhance food security and nutrition, reduce greenhouse gas emissions and carbon sequestration, improve livelihoods and income for small-scale farmers, and better adapt to and mitigate climate change. 

He also mentioned that the scheme would involve soil testing laboratories planned for all local governments and states. 

The minister emphasised the need for strong collaboration and synergy to support the success of this initiative and create a resilient food system that benefits everyone.

The President of the Soil Science Society of Nigeria, Prof Jibrin Jibrin, stated that the conference theme, 'Soil Health and Climate-Smart Agriculture for Resilient Food Security System', was appropriate given the reality of climate change. 

He noted that due to population growth, the soil is currently being degraded.

Jibrin emphasized that to reverse this trend, the soil must be preserved to boost crop yield in the country. 

He further explained that the soil is a living entity, and if it is allowed to be destroyed, the nation will be destroyed. 

eco

RECOMMENDED FOR YOU
CBN sells $543.5m FX to approved banks for market stability
BY Benedicta Bassey October 5, 2024 0

The Central Bank of Nigeria hinted that it sold $543.5m at the rate of N1,540 and N1,580 to authoris...

RECOMMENDED FOR YOU
Nigeria Unveils contactless app to boost passports processing and ease collection
BY Benedicta Bassey October 5, 2024 0

Nigeria has unveiled a contactless passport processing App in Abuja to ease the hassle of physically...

RECOMMENDED FOR YOU
Starlink Global Secures $20.8m loan for cashew processing factory in Lagos
BY Benedicta Bassey October 5, 2024 0

Starlink Global and Ideal Limited has secured a $20.8 million loan from the  African Export-Imp...

RECOMMENDED FOR YOU
Zenith Bank restores service disruptions across online channels
BY Benedicta Bassey October 5, 2024 0

Zenith Bank Plc has on Saturday confirmed that all of its banking channels are now fully operational...

RECOMMENDED FOR YOU
World Bank redirects funds to Lebanon emergency aid
BY Abiodun Saheed Omodara October 4, 2024 0

The World Bank stated on Thursday that it would redirect funds initially allocated for development i...

RECOMMENDED FOR YOU
Gold prices climb on safe-haven demand; US payrolls data in focus
BY Abiodun Saheed Omodara October 4, 2024 0

Gold prices climbed on Friday, supported by safe-haven demand arising from the Middle East conflict,...

RECOMMENDED FOR YOU
China eyes electric vehicle manufacturing in Saudi Arabia
BY Abiodun Saheed Omodara October 4, 2024 0

China’s ambassador to Saudi Arabia, Chang Hua, has expressed Beijing’s hopes to strength...

RECOMMENDED FOR YOU
Food crisis may worsen over FG's neglect, farmers warn
BY Abiodun Saheed Omodara October 4, 2024 0

The All Farmers Association of Nigeria (AFAN) has raised concerns over another possible case of wors...

OUR CHANNELS:

OTHER ARTICLES ::

6th October, 2024
US pledges $157m humanitarian aid to Lebanon, Syria amid crisis
BY Benedicta Bassey October 6, 2024 0

The United States on Saturday said it will provide nearly $157 million humanitarian aid to assist po...


Israel strikes hit Hezbollah Intelligence headquarters in Beirut as tension mount
BY Benedicta Bassey October 6, 2024 0

Fresh Israel airstrike on Saturday hit the intelligence headquarters of Iran-backed Hezbollah in Bei...


Over 70 killed in violence gang attack in Haiti
BY Benedicta Bassey October 6, 2024 0

Over 70 people including children have been killed after an armed gang attacked a small town in Hait...


Flood: Gov Zulum requests N61bn supplementary budget for Repair
BY Benedicta Bassey October 6, 2024 0

Borno State Governor, Babagana Umara Zulum, following the devastating flood that submerged over half...


Explosion hits Rivers APC secretariat as LG poll holds
BY Benedicta Bassey October 6, 2024 0

An explosion suspected to be dynamite shattered the secreteriat of the All Progressive Congress, alo...


Actress Toyin Abraham refutes debt allegation
BY Ebiakuboere England October 6, 2024 0

Nollywood actress and Filmmaker, Toyin Abraham has refuted debt allegations by a fashion designer wh...


CBN sells $543.5m FX to approved banks for market stability
BY Benedicta Bassey October 6, 2024 0

The Central Bank of Nigeria hinted that it sold $543.5m at the rate of N1,540 and N1,580 to authoris...


Tupac's family set to investigate Diddy's connection to singer's death
BY Ebiakuboere England October 6, 2024 0

A New York lawyer, Alex Spiro has announced that the late rapper Tupac Shakur's family has engaged h...


Nigeria Unveils contactless app to boost passports processing and ease collection
BY Benedicta Bassey October 6, 2024 0

Nigeria has unveiled a contactless passport processing App in Abuja to ease the hassle of physically...


FG expresses commitment to improving teacher's welfare
BY Benedicta Bassey October 6, 2024 0

The Minister of Education, Prof. Tahir Mamman, has reiterated federal government’s commitment...


Menu