With the measures being taken by the federal government, it is certain that prices of food items will fall very soon. This optimism was shared by the Comptroller-General of the Nigerian Customs Services (NCS), Mr. Bashir Adeniyi in Abuja recently. Adeniyi who was speaking at the Defence Headquarters in Abuja said the move was a…
Following the suspension of tarrifs on imported food items for a period of time, the federal government has also announced tax exemption on some items that are believed to ease the hardship on Nigerians. These include CNG products and pharmaceutical products. These products will not attract value added tax, VAT. The Minister of Finance and…
Civil servants in Nigeria would be the first set of people to be considered for the sale of rice at N40,000 per bag of 50 kg. And that would not be done arbitrarily. Rather, the authorities will use data that will ensure equity in the sale of the food item. This was made known by…
President Bola Tinubu cut a pitiable sight on Sunday when he addressed the nation, pleading that protesters over hardship in the country should shield swords, as he was confident that better times are around the corner. He gave the impression that his administration was doing a lot of things to ensure that things are done…
The administration of President Bola Tinubu appears to be working hard to ensure that the problem of food insecurity is tamed within the shortest time possible. It has continued to give support to states and farmers so they can produce food towards making Nigeria self-sufficient in food production. The Minister of Agriculture and Food Security,…
The federal government has announced the establishment of an N200bn Consumer Credit Corporation aimed at funding Nigerians’ credit purchases in the wake of economic hardship. President Bola Tinubu unveiled the plan on Sunday in his ‘State of the Nation’ address after hunger led to a nationwide protest with a major theme: #Endbadgovernance. But Tinubu maintained…
Governor Babajide Sanwo-Olu of Lagos State believes that food processing companies have a role to play in bringing relief to Nigerians in this hard time. The governor said that the agro-allied companies can do this by helping to crash the prices of food items produced by them. He said this in the backdrop of the…
The dearth of capital, which invokes poor investment in the agricultural sector, has been the bane of the sector despite plans and promises by the leadership to encourage growth. This was espoused by the Minister of Budget and Economic Planning Atiku Bagudu, while speaking at the launch of the ‘Nigeria Country Focus Report’ presented by…
There are fears that the on-going food inflation in Nigeria could be a threat to the projection that the economy of the country may grow at the rate of 3.2% and 3.4% in the 2024/2025. This fear was expressed by the African Development Bank, AfDB at the AfDB launch of the ‘Nigeria Country Focus Report’….
The federal government is convinced that for the country to effectively address the problem of food insecurity a concerted effort is needed to deal with the impact of climate change on agriculture. that is why it is preaching the priority should be given to soil health and the practice of climate-smart farming. This is because…
