President Buhari approves release of foodstuffs from national reserves

President Buhari approves release of foodstuffs from national reserves

- Nigeria's President Buhari has approved the release of food items from the nation's reserves

- This is part of the measures by the Buhari-led administration to ease the high cost of food prices in the country

- Buhari expressed concern about the hike in the prices of food items at a time when economic activities are slow

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President Muhammadu Buhari has ordered the release of foodstuffs from the national reserves to tackle the current high food prices in Nigeria.

The disclosure was made in a tweet shared on the president's verified Twitter handle on Thursday, September 3.

Legit.ng gathered that the Nigerian leader approved the release of 30,000 tons of maize to animal feed producers to ease the current high cost of poultry production.

According to Buhari, his government is very mindful of the challenge of high food prices at a time when the economy is slow due to the coronavirus pandemic.

President Buhari approves release of foodstuffs from national reserves

President Muhammadu Buhari has approved the release of food items from reserves. Photo credit: Femi Adesina/Facebook
Source: Facebook

He assured Nigerians that the government is doing everything to bring down the prices of food items across the country.

The president went on to note that talks have begun with food producers associations and groups to tackle the exploitative behaviour by middlemen which is one of the factors responsible for the high food prices.

Meanwhile, Bashir Ahmad, a personal assistant on new media to the president, via his verified Twitter handle, @BashirAhmaad, said Buhari is very concerned about the sudden spiral of food prices.

Ahmad noted that though the situation is for a short period of time, the Nigerian government has already begun looking and putting in place measures to improve the condition.

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Earlier, Legit.ng reported that Governor Mohammed Abubakar of Jigawa state blamed the high cost of food in the country on past leaders describing them as chronic importers.

According to him, food was expensive in Nigeria because there were no policy direction or any form of substitution to importation.

In other news, traders in popular Lagos market decried hike in the cost price of goods, following the increment in pump price of fuel.

The traders complained about the high cost of transportation fares recently. According to them, the carriage of goods to different market locations in the state has increased and this reflects in the cost price of goods.

Transporters available to carry foodstuff items have also increased their fares and traders are already feeling the pulse of the recent change as against their budget.

In some markets, it is still business as usual and in others, the rise in transportation fare would bother on the existence of their businesses.

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Source: Legit.ng News

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