Osinbajo Reveals Buhari's Grand Srategy to Slash High Prices of Food in Nigeria

Osinbajo Reveals Buhari's Grand Srategy to Slash High Prices of Food in Nigeria

  • The federal government is not resting on its oars to deal with the daunting issue of food price inflation across Nigeria
  • Yemi Osinbajo, Nigeria's vice president, has explained that the government is currently implementing schemes to drive innovation in food production
  • In a virtual meeting on Tuesday, July 27, Osinbajo said these efforts of the administration will require the contributions of public and private investments

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Vice President Yemi Osinajo has expressed concern over the inflation of food prices in Nigeria amid the harsh economic effects of COVID-19.

During a virtual preparatory meeting of the United Nations Food Systems Summit 2021 on Tuesday, July 27, Osinajo said the Buhari-led administration is focused on transforming food system in Nigeria.

Buhari addressing Nigerians on live broadcast
Osinbajo said the Buhari-led government is workinh hard to deal with hnger in Nigeria (Photo: Aso Rock Villa)
Source: Facebook

Nigeria's second citizen said the federal government is working on achieving this feat by prioritising investments in specific innovations and technologies in agriculture.

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He noted that this endeavour requires active mobilization of both public and private businesses.

According to him, the government is poised to "addressing the drivers of food insecurity such as food inflation, changing consumption patterns and climate change, amongst other things."

He noted that these effort complement existing development schemes like the Economic Recovery and Growth Plan, the National Policy on Food and Nutrition, and the National Policy on Food Safety.

Osinbajo added:

"A specific aim of our recently launched National Poverty Reduction with Growth Strategy is to address hunger, malnutrition and poverty as part of our target of lifting a hundred million Nigerians out of poverty within a decade.”

High food prices: Buhari, we need to see you, Nigerian market women lament

Meanwhile, the increase of food prices in Nigeria was becoming unbearable not only for buyers but also for those who trade in edibles.

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A market woman who recently spoke with Legit.ng revealed that the number of persons who beg for food these days is more than those who actually have the means to feed themselves.

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The female trader who did not reveal her identity explained that it cost a lot more now to feed a small family whose monthly income was the minimum wage of N30,000.

Source: Legit.ng

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