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

Utomi Links High Food Prices To Insecurity

POSTED ON March 1, 2024 •   Business      BY Ebiakuboere England

Political economy professor, Pat Utomi claims that the cost of food in Nigeria is increasing because the country is not producing enough food due to insecurity.

The lecturer stated that farmers who were meant to be producing food had abandoned their farms due to insecurity.

Utomi said this in an interview with Arise TV on Thursday, asking the government to provide farmers with security to increase food production in the country.

The increased attacks against farmers across parts of the country are leading to displacement, market disruptions, and loss of livelihoods

Utomi Links High Food Prices To Insecurity

He stated that the government's short-term option is to release what it has in reserve while giving farmers security for a long-term solution.

He said, “Whatever they have in the grain reserve should show up for immediate supply. We must mobilize every security force available. Strengthen local militias, move them, and even send soldiers to the farms. We have to do this like almost Operation Feed the Nation.”

Speaking about the reasons for Nigeria's persistent food inflation and rising cost of living, Utomi stated that it is not surprising that we are in this predicament.

Utomi Links High Food Prices To Insecurity

He blamed the previous administration, claiming that competence and meritocracy had become jokes in the country.

The economics expert stated that it was obvious that we would end up in this scenario because the previous administration made multiple poor judgments, combined with nepotistic appointments.

Utomi advised the present administration to avoid panic, stating that implementing various actions could exacerbate the problem.

He advocated patience, pushing the administration to investigate the root cause of the situation and devise comprehensive answers.

READ ALSO
Sierra Leone airline begins direct flight from Lagos to Freetown
BY Abiodun Saheed Omodara January 23, 2025 0

After a 15-year break, Air Sierra Leone successfully completed its inaugural flight from Freetown to...

READ ALSO
Savannah energy reports $258.7m in 2024, exceeding financial guidance
BY Abiodun Saheed Omodara January 23, 2025 0

The British independent energy company, Savannah Energy Plc has declared a total revenue of $258.7 m...

READ ALSO
Nigeria's economic prospects highlighted ahead of WEF 2025
BY Abiodun Saheed Omodara January 22, 2025 0

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has indicated that Nige...

READ ALSO
Africa now an investment destination – Shettima
BY Abiodun Saheed Omodara January 22, 2025 0

Vice-President Kashim Shettima urged global investors to consider Nigeria's expanding business prosp...

READ ALSO
Ecobank partners with credicorp on flexible customer loans
BY Abiodun Saheed Omodara January 22, 2025 0

Ecobank Nigeria has teamed up with the Nigerian Consumer Credit Corporation to provide customers wit...

READ ALSO
W’Bank imposes 30-month debarment on Nigerian coy’s for corruption
BY Abiodun Saheed Omodara January 22, 2025 0

The World Bank Group has announced a 30-month debarment for two companies based in Nigeria, Viva Atl...

READ ALSO
TUC advocates for Tax reassessment to support Nigerians
BY Abiodun Saheed Omodara January 22, 2025 0

The Trade Union Congress of Nigeria (TUC) has urged for a reassessment of certain aspects of the tax...

READ ALSO
NCC approves 50% tariff adjustment for telecom operators amid rising costs
BY Abiodun Saheed Omodara January 21, 2025 0

The Nigerian Communications Commission (NCC) announced on Monday that it has approved a tariff adjus...

OUR CHANNELS:

EU assures continue support for Nigeria’s democracy
BY Abiodun Saheed Omodara January 30, 2025 0

ABUJA – The European Union (EU) has reaffirmed its unwavering commitment to strengthening...


Tinubu Returns to Nigeria From Tanzania
BY Abiodun Saheed Omodara January 30, 2025 0

President Bola Tinubu has returned to Abuja following his attendance at the Africa Heads of State En...


Obi emphasises focus on Nigerians' welfare, seek coalition for 2027 elections
BY Abiodun Saheed Omodara January 30, 2025 0

Labour Party presidential candidate Peter Obi has expressed his willingness to a coalition ahead of...


FAAN ease traffic congestion, suspends access gate fees at Abuja Airport
BY Abiodun Saheed Omodara January 28, 2025 0

The Federal Airports Authority of Nigeria has announced the suspension of all access gate fees at th...


Obasa challenges removal as Speaker, Denies corruption allegations
BY Abiodun Saheed Omodara January 27, 2025 0

The impeached Speaker of the Lagos State House of Assembly, Mudashiru Obasa, has faulted his removal...


Court orders woman to pay N150, 000 for boyfriend emotional distress
BY Abiodun Saheed Omodara January 27, 2025 0

A Magistrate Court in Ilesa, Osun State, has ordered Rhoda Adu to pay N150,000 in damages for not vi...


U.S. halts all foreign aid, exempt Israel, Egypt amid 'America First' Policy Shift
BY Abiodun Saheed Omodara January 30, 2025 0

USA (AFP) - The United States, the largest donor globally, halted nearly all foreign aid on Friday,...


NELFUND reaffirms commitment to affordable education
BY Abiodun Saheed Omodara January 28, 2025 0

The Managing Director of the Nigerian Education Loan Fund (NELFUND), Akintunde Sawyerr, has reiterat...


Edo report eight Lassa Fever deaths, 56 cases
BY Abiodun Saheed Omodara January 26, 2025 0

Edo State has reported 56 cases of Lassa Fever and eight fatalities from December 30, 2024, to Janua...


Olamide teases fans with new project announcement, After Idan Buruku
BY Abiodun Saheed Omodara January 25, 2025 0

After thrilling fans with "Idan Buruku," an electrifying freestyle that takes listeners back in time...


More Articles

Load more...

Menu