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Food supply

Arewa Think Tank Praises President Tinubu and Minister Kyari for Reducing Food Prices in Nigeria

Strategic Insights

— 1 min read

Arewa Think Tank (ATT) has commended President Bola Ahmed Tinubu and the Minister of Agriculture and Food Security, Senator Abubakar Kyari, for taking measures to reduce food prices in the country. According to a statement by ATT's convener, Muhammad Alhaji Yakubu, the decrease in food prices is a direct result of the President's emergency measures on food security. These measures include temporary importation to stabilize prices and support for local farmers through fertilizer distribution and other initiatives.

Key Takeaways:

  • The Arewa Think Tank (ATT) has praised President Bola Ahmed Tinubu and Minister of Agriculture and Food Security, Senator Abubakar Kyari, for their efforts in reducing food prices in Nigeria.
  • The temporary importation of essential food items such as maize, husked brown rice, wheat, and cowpeas has helped stabilize prices without discouraging local farmers.
  • The government distributed 2 million bags of fertilizer to farmers free of charge and supported farmers with fertilizer at 50% cost to boost agricultural production.
  • The government implemented various programs to support farmers, including the distribution of improved seeds, seedlings, and agrochemicals to increase food production and availability.
  • The decline in food prices can be attributed to the combination of food production support with temporary importation to address structural imbalances in Nigeria's agriculture sector.
  • Senator Abubakar Kyari, Minister of Agriculture and Food Security, defended the government's strategy on a national television program.
  • President Tinubu's emergency measures on food security have started yielding results, according to ATT's convener, Muhammad Alhaji Yakubu.

Statistics:

  • 2 million bags of fertilizer were distributed to farmers free of charge.
  • Fertilizer was made available to farmers at 50% of the cost.
  • Improved seeds, seedlings, and agrochemicals were distributed to farmers through government programs.
  • Food prices in Nigeria have decreased due to the combination of food production support and temporary importation.
  • Temporary importation window was introduced to stabilize food prices and encourage local production.

Sources:

  • A statement by Muhammad Alhaji Yakubu, convener of Arewa Think Tank (ATT).
  • A national television program where Senator Abubakar Kyari, Minister of Agriculture and Food Security, defended the government's strategy.
  • Government programs and initiatives aimed at supporting farmers and increasing food production.

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