Skip to main content

Buhari decries high price of food, orders release of items to Nigerians from national reserves


President Muhammadu Buhari has expressed the concern of his administration about the sudden spiral of food prices, at a time when the economy is already mired in a slowdown occasioned by the global coronavirus situation.

The President assured Nigerians that the situation is transient. His administration has already begun looking and putting in place measures to ameliorate the situation.

In a statement signed by Garba Shehu, his Spokesman, Buhari noted that while “Providence has been kind to us with the rains and as such an expectation that a bumper harvest would lead to crashing of food prices and ease the burdens on the population, government’s concern is that the exploitative market behaviour by actors has significantly increased among traders in the past few years and may make any such relief a short-lived one.

“This year has indeed tested us in ways that globalization has never been tested since the turn of the century. These challenges have disrupted lives and supply chains all over the world, and Nigeria has not been spared.

“The effect has been deeply felt in the delays encountered in procurement of raw materials for local production of fertilizer (damaging standing crops before harvest) and the speculative activities by a number of rice processors who are ready to pay for paddy at any price to keep their mills running non-stop.

“But of all these problems, the most worrisome are the activities of ‘corrupt’ middlemen (with many of them discovered to be foreigners) and other food traders who serve as the link between farmers and consumers found to be systematically creating an artificial scarcity so that they can sell at higher prices.

“In dealing with these problems, the administration has, in line with its ease of doing business mantra, avoided imposing stockholding restrictions, in order not to discourage investments in modern warehousing and cold storage.

“The President has just approved the release of food items from the strategic reserves, including 30,000 tons of maize to animal feeds producers to ease the high cost of poultry production.

“President Buhari administration has raised some of these issues with the various food producer associations involved, particularly those of rice and other grains.

“With their cooperation, the high food prices should soon be a thing of the past.

“In addition, investments in the agro-allied sector by the private sector will significantly increase domestic production of farming inputs especially fertilizer, further crash prices, create employment and ease the pressure on our foreign reserves.

“One of these major investments is the Dangote Fertilizer plant which is projected to come on stream by the 4th quarter of 2020.

“Additionally, key government agencies and policymakers with the responsibility and visibility on market activities remain focused on removing structural impediments to the production and free movement of agricultural products.”

President Buhari once again assured Nigerians of his dedication to bringing this issue to a swift end.

“Nigerians have already suffered grave economic losses owing to the coronavirus pandemic, the statement added, insisting that the Buhari “administration will do all in its power to ensure that our people do not continue to suffer additionally from high food prices.”

Comments

Popular posts from this blog

De Gea hailed by Henderson but warns him for No. 1 spot battle

Dean Henderson has cautioned David de Gea he is aiming for his Manchester United place. The 23-year-old goalkeeper will retreat to Old Trafford after an exceptional loan spell at Sheffield United, determined to take the 1st spot off the Spaniard.

Academy alumnus Henderson recently signed a new six-year contract last month among connections to Chelsea. Thus, making it obvious he sees himself at Old Trafford for the long term.

“I’ll be moving back in the first day of pre-season and sweating my b******s off to get in that starting line-up because it’s something I’ve constantly required and I’m so close now. I have tremendous respect for David. He has been a magnificent goalkeeper for many years.

He’s been remarkable and that’s something I strive to be, to have a profession like his at the club. It’s down to me but I’m beneath no fantasies that I’m going to develop just sat on the bench. I need that game-time.” said Henderson.

Unfortunately, De Gea’s form has come into inquest over the last …

Mourinho looking to steal Man United transfer with phone call

Jose Mourinho has made some good progress with Tottenham Hotspur. The club was struggling when Mauricio Pochetino left mid-season. Jose has his ways of doing things and many times his way might not be ideal.

But as Jose has always said, the most important thing is to get in the result. And since Mourinho has joined only Manchester City, Liverpool, and Manchester United, have earned more points than Tottenham.

Tottenham was at the 14th spot in the Premier League. Jose took them to sixth place and got them back in Europe. However, the expectations will be even higher for the next season. Spurs will want to push into the top four and compete for a Champions League place.

However to accomplish that goal Jose will need to add some players. Tottenham have already completed 3 signings. The club signed Joe Hart from Burnley on a free transfer.

Matt Doherty came in from Wolverhampton for £15 million and Pierre-Emile Hoijberg came in from Southampton for the same amount. But Jose Mourinho wants mo…

BBNaija 2020: What Toke Makinwa, Nigerian celebrities said about Erica’s disqualification

Some Nigerian celebrities have reacted to the disqualification of Big Brother Naija, BBNaija housemate, Erica, from the Lockdown house.

Erica on Sunday was found guilty of flouting the house rules and bullying housemate.

Erica caused drama in the house on Saturday night after the party when she made some derogatory comments and threatened to kill Laycon.

This caused her a third strike and eviction.

The likes of Toke Makinwa, Ay Makun and other celebrities have taken to their social media pages to vent out their reactions to Biggie’s decision.

Here are some of the comments gathered by Dove Bulletin:

@TokeMakinwa “Sad that the game ended tonight for Erica but I’m confident she’ll do well. Sucksssssssssssss.”

@AY Makun “ In life, you learn lessons. And sometimes you learn them the hard way. Sometimes you learn them too late. It is well with Erica moving forward in life. Show her love and help her become a better person outside of the house.”

@Sir Uti Uwachukwu “ Erica leaving the #Bbnaija house…