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The Arewa Think Tank (ATT) weekend lauded President Bola Ahmed Tinubu and the Minister of Agriculture and Food Security, Senator Abubakar Kyari, over the crash of food prices in the country.
Kyari had recently spoken about the crash of food prices on a national television programme, where he defended the government’s strategy of combining food production support with temporary importation to address what he described as deep-rooted “structural imbalances” in Nigeria’s agriculture sector.
However, a statement by the convener of ATT, Muhammad Alhaji Yakubu, noted that President Tinubu’s emergency measures on food security have started yielding results because food prices in the country have reduced.
“We want to praise President Bola Ahmed Tinubu and Minister of Agriculture and Food Security, Senator Abubakar Kyari, for their efforts in reducing food prices in Nigeria. This shows that President Tinubu’s emergency measures on food security have started yielding results, as evidenced by the decrease in food prices.
“It was a good decision that the federal government introduced a temporary importation window to stabilise prices without discouraging local farmers. This window allowed for the importation of essential food items like maize, husked brown rice, wheat, and cowpeas.
“What we are seeing today can be attributed to the fact that the federal government distributed 2 million bags of fertilizer to farmers free of charge, and also supported farmers with fertilizer at 50% cost. This initiative aimed to boost agricultural production and reduce reliance on imports.
“The federal government implemented various programmes to support farmers, including the distribution of improved seeds, seedlings, and agrochemicals. These efforts aimed to increase food production and availability in the country,” he said.
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