Business & Economy
FG Gives Reasons For High Cost Of Food In Nigeria
FG has given reasons for the high cost of food items in the country.
EKO HOT BLOG reports that the Federal Government has blamed the high cost of food in Nigeria on rising inflation and smuggling.
The Minister of Agriculture, Mohammad Abubakar, said this while speaking in Abuja at the Fifth edition of the President Muhammadu Buhari (PMB) Administration scorecard, 2015-2023.
EDITOR’S PICKS
-
BREAKING: Goods Worth Millions Destroyed As Fire Guts Onitsha Main Market
-
JUST IN: Ned Nwoko Reveals What Will Eventually Happen To Wike After 2023
-
BREAKING: Court Voids Osun LGA Election, Says It’s Undemocratic, Unlawful
He said the challenge is not limited to Nigeria as the COVID-19 pandemic shattered economies.
“The fact that some categorises of food are imported by Nigeria is not an indication that we have food shortages.
“The high cost of food that we experience in the country is a result of rising inflation, which is not peculiar to Nigeria but due to the COVID-19 pandemic that forced many sectors of economic production to be shut down for many months,” he said.
The Minister added that efforts were being made to checkmate smuggling.
Many Nigerians have expressed concern over the current high prices of foodstuff and cooking gas, urging the government to intensify measures to address the situation.
FURTHER READING
-
JUST IN: Tinubu Issues Final Statement On Drug Trafficking Controversy
-
JUST IN: Tonye Cole Finally Breaks Silence After Court Sacking
-
JUST IN: Again, Lagos APC Loses Another Chieftain [PHOTOS]
The citizens said the situation was making life unbearable for them.
Click to watch our video of the week:
Advertise or Publish a Story on EkoHot Blog:
Kindly contact us at [email protected]. Breaking stories should be sent to the above email and substantiated with pictorial evidence.
Citizen journalists will receive a token as data incentive.
Call or Whatsapp: 0803 561 7233, 0703 414 5611