Posts Tagged: #FoodPrices
Minister of Agriculture’s Efforts Yield Positive Results: Food Prices Decline
In a bid to tackle Nigeria’s escalating food crisis, the Federal Government, under the leadership of Senator Abubakar Kyari, has introduced several strategic initiatives aimed at stabilizing food prices and boosting local agricultural productivity. These
Expert calls for large-scale, private commercial agribusinesses
Dr. Adetunji Oredipe, Senior Agriculture Economist at the World Bank, has emphasized the urgent need for a comprehensive approach to counter Nigeria’s surging food prices. He advocates for the development and immediate implementation of a
Food prices drop in Taraba as farmers harvest crops
As harvest season progresses in Taraba State, prices of key food items have significantly dropped. Newly harvested maize now costs between N40,000 and N60,000 per 100kg bag, down from N60,000. Yam prices have halved, with
Agric growth slows to 1.4% in Q2 on worsening insecurity
Nigeria’s agricultural growth slowed to 1.4% in Q2 2024 due to worsening insecurity and rising production costs, down from 1.5% year-on-year. Insecurity has forced many farmers to abandon their land, driving food inflation. The sector
Despite harvest, food prices remain high in Taraba
Despite the ongoing harvest season in Taraba State, food prices have not dropped significantly, unlike in previous years. Farmers began harvesting crops like yam, cassava, maize, and groundnut in early July, but prices remain high.
Food security: Lagos targets price reduction in agro products
The Lagos State Government is hopeful that food prices will drop soon due to a major distribution of farm inputs. Around 10,000 farmers received supplies in Agege, including items for fishing, poultry, and vegetables, expected
Bumper harvest in October will crash food prices in Nigeria – Agric Minister Kyari
The Minister of Agriculture and Food Security, Abubakar Kyari, stated that food prices in Nigeria are expected to drop significantly following bumper harvests in October and November. In a recent interview, Kyari explained that President
Inflation: Households struggle to cope with galloping food prices
A Financial survey reveals that skyrocketing food prices in Nigeria have forced many households to adopt alternatives like tomato paste and palm fruits instead of fresh produce. The National Bureau of Statistics reported over a
“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
Cost-of-living crisis: Tinubu approves massive, duty-free importation of rice, wheat, beans, others
President Bola Tinubu has approved a 150-day duty-free import window for key food items like maize, rice, and wheat to tackle soaring food prices in Nigeria. This measure aims to reduce inflation, with the government
