“Just in: Food prices to crash in 180 days – Agric Minister “

Minister of Agriculture and Food Security, Sen Abubakar Kyari, announced measures to reduce food prices within 180 days amid protests against hunger. Key actions include a 150-day duty-free import window for specific food commodities, importation of wheat and maize, and ramping up production for the 2024/2025 farming cycle. The plan involves agricultural mechanization, increased irrigation, greenhouse cultivation, and collaboration with the Nigerian military. A new Ministry of Livestock Development will implement the National Livestock Transformation Plan. The initiative aims to stabilize prices, enhance nutrition security, and achieve long-term food security in Nigeria. Source: Vanguard

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President Tinubu’s administration has unveiled a 180-day plan to reduce food prices and enhance food security. Key measures include a 150-day duty-free import window for food commodities, ramped-up production, aggressive agricultural mechanization, and strategic engagement in greenhouse cultivation. Additionally, the plan emphasizes collaboration with stakeholders, the creation of the Ministry of Livestock Development, and enhanced nutrition security initiatives. These actions aim to stabilize food prices, boost domestic production, and ensure long-term food security in Nigeria.