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
South Africa Surpasses Nigeria in Fuel Imports Amid Dangote Refinery Operations
BY Abiodun Saheed Omodara May 29, 2025 0

Nigeria has lost its long-standing title as Africa’s largest importer of refined petroleum pro...

READ ALSO
Economists Warn of Debt Sustainability Risks as Nigeria Eyes $24.14 Billion in Foreign Loans
BY Abiodun Saheed Omodara May 28, 2025 0

Nigeria's public debt is poised for another substantial increase as President Bola Tinubu has sought...

READ ALSO
Nigeria's Solid Minerals Sector Attracts Over $800 Million in Investments Amid Policy Shift
BY Abiodun Saheed Omodara May 25, 2025 0

The Minister of Solid Minerals Development,Dr Dele Alake announced that Nigeria attracted over $800...

READ ALSO
SNEPCo Urges Indigenous Firms to Enhance Skills for Future Opportunities
BY Abiodun Saheed Omodara May 23, 2025 0

The Shell Nigeria Exploration and Production Company Limited (SNEPCo) has urged Nigerian firms to st...

READ ALSO
JUST IN: Dangote refinery slashes petrol prices by N15 nationwide
BY Abiodun Saheed Omodara May 22, 2025 0

LAGOS, Nigeria — The Dangote Petroleum Refinery recently announced a reduction in the pump pri...

READ ALSO
Sanwo-Olu Advocates for Innovation, Accountability in Economic Policies
BY Abiodun Saheed Omodara May 22, 2025 0

LAGOS, Nigeria - Lagos State Governor Babajide Sanwo-Olu has stated that Nigeria must hasten its pro...

READ ALSO
CBN's Rigid Monetary Policies Threaten Nigeria's Industrialization Efforts
BY Abiodun Saheed Omodara May 22, 2025 0

With the Central Bank of Nigeria (CBN) keeping the benchmark interest rate at 27.5 percent, local ma...

READ ALSO
FG to Auction 753 Housing Units Recovered from Ex-CBN Governor Emefiele
BY Abiodun Saheed Omodara May 20, 2025 0

ABUJA, Nigeria - The Federal Government has declared its intention to sell 753 housing units that we...

OUR CHANNELS:

FULL TEXT: President Tinubu’s second-year anniversary speech
BY Abiodun Saheed Omodara May 30, 2025 0

Fellow Nigerians, as we mark the second anniversary of our administration, I salute your resilience...


Former CBN Governor Seeks to Overturn Forfeiture of Abuja Estate
BY Abiodun Saheed Omodara May 30, 2025 0

ABUJA, Nigeria - Former Governor of the Central Bank of Nigeria, Godwin Emefiele, has filed a petiti...


MAY 29: Fubara Reaffirms Commitment to Rivers State Amid Political Turmoil
BY Abiodun Saheed Omodara May 29, 2025 0

RIVERS, Nigeria - Suspended Rivers State Governor, Siminalayi Fubara, has reaffirmed his commitment...


South Africa Surpasses Nigeria in Fuel Imports Amid Dangote Refinery Operations
BY Abiodun Saheed Omodara May 30, 2025 0

Nigeria has lost its long-standing title as Africa’s largest importer of refined petroleum pro...


Ogun Calls Athlete Protest "Impatience" Amid Unpaid Allowances
BY Abiodun Saheed Omodara May 30, 2025 0

OGUN, Nigeria - The Ogun State Government has labeled the protest held by athletes representing the...


SEC Flags Silverkuun Investment Cooperative as Unregistered, Warn Nigerians
BY Abiodun Saheed Omodara May 30, 2025 0

The Securities and Exchange Commission (SEC) has cautioned Nigerians about putting their money in un...


ECOWAS Leaders Stress Collective Responsibility in Combating Drug Abuse
BY Abiodun Saheed Omodara May 29, 2025 0

The Economic Community of West African States (ECOWAS) has urged its member countries to collaborate...


Nigeria to Launch 7,000 Digital Hospitals to Transform Rural Healthcare
BY Abiodun Saheed Omodara May 29, 2025 0

ABUJA, Nigeria - The minister of communications, innovation and digital economy, Bosun Tijani, says...


Buhari Urges Patience with Economic Reforms under Tinubu's Leadership
BY Abiodun Saheed Omodara May 29, 2025 0

Former President Muhammadu Buhari has told Nigerians that the ongoing economic reforms under his suc...


WHO Struggles to Stabilize Finances Amid $1.7 Billion Deficit and Major Donor Withdrawal
BY Abiodun Saheed Omodara May 29, 2025 0

The World Health Organization (WHO) attempted to stabilize its finances during its annual assembly t...


More Articles

Load more...

Menu