₦airaland Forum

The prices of food items have crashed across the country, according to Minister of Agriculture and Food Security, Senator Abubakar Kyari.

The Minister said this when he featured on an ARISE TV programme on Friday.

He said President Bola Tinubu’s interventions on food security have started yielding results.

He also defended the administration’s strategy of combining production support with temporary importation to address what he described as deep-rooted structural imbalances in the agricultural sector.

“There are tools if you want to take care of the structural imbalances in the agricultural sector,” Kyari said.

“I have said it before—even the former President of the African Development Bank during his tenure, he also imported. There are tools to manage what you already have.

“President Bola Ahmed Tinubu came at a time when there was huge structural default in terms of food security and that is why he had to declare the clarion call and emergency on food security in July 2023.

“Food availability, food security is a matter of entrepreneurial availability, supply and demand. In Nigeria so much availability and demand were not there, and part of the reason for the intervention was to ramp up production and at the same time import to make up the difference, because we do not have absolute production for all food crops that we have. Rice, for example—we have about 15% gap in what we can supply and what we have in the country.”

Kyari clarified that the temporary importation window introduced by the government was meant to stabilise prices without discouraging local farmers.

“The importation window was only for six months, and it has come and gone. And that was the amount that was demanded. When you look at the global demand field, it is not enough to make farmers discouraged with agricultural production,” he said.

“For example, while that was going on, President Bola Ahmed Tinubu ordered the Central Bank to release 2 million bags of fertiliser to the Federal Ministry of Agriculture for onward delivery free of charge at zero cost, and that was done. So at the end of the day, when you look at it, there were so many interventions. We had so many programmes that supported farmers with fertiliser at 50%. So, there was a lot of production in 2024.”

Tinubu had recently directed a Federal Executive Council (FEC) committee to implement urgent measures aimed at reducing food prices nationwide.

helinues:
It should crash further. The southern farmers have not been disturbed by the criminal element within the herdsmen

Overnight movement of the herders have been banned by Miyetti Allah

OneCandleAway:
Do you want to come work in my poultry

helinues:
Hahahaha, this should be the 6th monikers today for the trolling

You have been badly defeated

helinues:
Hahahaha, this should be the 6th monikers today for the trolling

You have been badly defeated

Ofunaofu:
https://dailytrust.com/food-prices-have-crashed-says-agric-minister/#google_vignette

Deltafirstson:
Although the pump price of fuel was N197 when President Bola Tinubu took over on May 29, 2023, the product now sells for N617 per litre – less than two months after.

In his inaugural address, Tinubu announced that subsidy was gone, fulfilling a promise that all leading presidential candidates made during the campaign.

However, pump price of fuel hit N537 per litre days after Tinubu ended subsidy.

On Tuesday, the price climbed further to N617, a development that the Nigerian National Petroleum Corporation Limited (NNPCL) attributed to “market forces”.

Nigerians have been lamenting the hardship occasioned by fuel price hike. Amid the lamentation, a video where Tinubu campaigned to slash the price of fuel went into circulation.

Checks by Daily Trust affirmed the authenticity of the video uploaded on the YouTube page of Channels Television.

At his campaign rally in Abeokuta, Ogun State capital, on January 25, 2023, Tinubu spoke on a number of issues, but those of fuel scarcity and naira redesign made the headlines.

However, Tinubu who spoke in Yoruba language, also assured the crowd that though people were saying petrol price would hit N200, it would be reviewed downward under him.

“The great Nigerian youths, the great Nigerian students, the confident Nigerian youths. This is a revolution. This election is a revolution. They are plotting, but they will fail. They said fuel price will increase and reach N200 per litre. Go and relax, we will bring it down,” he had said in the 7th minute of the video.

King Wasiu Ayinde Marshall, a Fuji musician who performed at the rally, interrupted the president’s speech with chants as the crowd cheered.

On the campaign podium with the president were Vice-President Kashim Shettima; Pa Bisi Akande, interim National Chairman of the APC; Femi Gbajabiamila, Chief of Staff to the President; Senator Gbenga Daniel; among other bigwigs of the ruling party.

Tinubu went further to say Nigerians would defy the acute fuel scarcity at the time and trek to cast their votes.

“The great Nigerian youths, the great Nigerian students, the confident Nigerian youths. This is a revolution. This election is a revolution. They are plotting, but they will fail. They said fuel price will increase and reach N200/N500 per litre. Go and relax, we will crash the prices,” he had said.

https://dailytrust.com/breaking-video-of-tinubu-campaigning-to-crash-fuel-

he had said in the 7th minute of the video.



https://www.youtube.com/watch?v=4JH8CC_JdUA

Buhari’ll reduce petrol to N40/L —David-West

FORMER Minister of Petroleum and Energy, Prof. Tamunoemi David-West, said that Nigerians should expect sharp drop in petrol price from the current N87 to about N40 per litre, saying, “the president-elect, Gen. Mohammed Buhari, will reduce the fuel pump price to N40 per litre.”

https://www.vanguardngr.com/2015/04/buharill-reduce-petrol-to-n40l-david-west/

Ofunaofu:
https://dailytrust.com/food-prices-have-crashed-says-agric-minister/#google_vignette

Sandralight:
From where, food prices that are ridiculously expensive 😫

Manny21:
Dey play. Who crash am. Someone should complete it for me

Ofunaofu:
https://dailytrust.com/food-prices-have-crashed-says-agric-minister/#google_vignette