Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,161,199 members, 7,845,954 topics. Date: Friday, 31 May 2024 at 08:18 AM

High Food Prices: FG Opens Grain Reserves In Two Weeks - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / High Food Prices: FG Opens Grain Reserves In Two Weeks (352 Views)

Nigerian Government Adopts Measures To Reduce Food Prices / Osinbajo Appoints Amaechi,ogbeh,ngige To Beat Down Food Prices (2) (3) (4)

(1) (Reply)

High Food Prices: FG Opens Grain Reserves In Two Weeks by hadex90(m): 7:43am On Feb 19, 2017
The federal government will open the national grain reserves in the next two weeks if the prices of food continue to escalate, Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has declared. He disclosed this at the weekend after inauguration of managements of the three Federal Universities of Agriculture at the ministry in Abuja. Describing roles of the institutions as vital to attaining food sufficiency, the minister noted prices of some staple foods such as maize, sorghum and millet were beginning to drop in the market. He promised to fund the universities in the area of research and ensure research outputs are put to use to boost local food production. Ogbeh said: “In another two weeks, if we find out that the prices are not going down, we will open the grain reserves. “Already, the price of maize is falling, even cost of sorghum and millet are beginning to drop. “From N180, 000 per ton, maize dropped to N145, 000. In Kaduna, farmers were willing to sell at N135, 000. So it appears there is a natural drop. “We are already moving 8, 000 tons of soya beans from Kaduna to Lagos because we are exporting the commodity. The railway system is helping. They don’t have enough wagons but the Transport Minister, Rotimi Amaechi is bringing in some.” According to him, transporting agricultural products through the railway is cheaper with no taxes or break down of trucks on the highway. He urged Nigerians not to panic over food shortage because aside from existing grains stored in the silos, a new round of grains were being harvested in about four states. He stated that despite the quantities of food West African countries exported from Nigeria, there were still a lot in the store. The minister noted that farmers have expressed resentment over plans by the federal government to cut food prices because it is the first time they are making high profit from farming. Speaking on invading pests, Ogbeh raised concerns on the attack of maize by armyworm disease spreading across Africa, which according to him already destroyed farms in Zimbabwe, Kenya, Tanzania and Angola. On fertiliser, he restated determination to reduce cost of the farm input below N6, 000 from N12, 000.

(1) (Reply)

More Prayers: JNI Prays For Buhari’s Quick Recovery, Safe Return / Army Jail Soldier For Assaulting Nollywood Actress / Ali Modu Sherrif Is A Mole Planted By APC To Destroy PDP – Gov. Nyesom Wike

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 9
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.