President Muhammadu Buhari has expressed concern over the sudden spiral of food prices at a time when the economy, is already mired in a slowdown occasioned by the global
“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 President in a statement by his media aide Garba Shehu assured
Nigerians that the situation is transient.
He said 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 burden on the population.
The President however 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.