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HomeTop NewsPresident Tinubu Declares State of Emergency in Nigerian Food Sector

President Tinubu Declares State of Emergency in Nigerian Food Sector

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By Temitayo Olowu

Nigerian President Bola Tinubu has announced a state of emergency in the food sector, aiming to address mounting concerns over skyrocketing prices and food security in the country.

In a statement posted on his official Twitter account, President Tinubu stated, “Today, we have declared a state of emergency and unveiled a comprehensive intervention plan on food security, affordability, and sustainability, taking decisive action to tackle food inflation.”

He further emphasized his commitment to a more food-secure Nigeria for all, stating, “These measures are steps towards ensuring affordable and abundant food for every Nigerian.”

President Tinubu recognized the critical issue of affordability and its impact on demand and the overall agriculture and food value chain.

He outlined the key priorities for enhancing agricultural productivity and availability in the country, which include:

Inclusion of food and water availability and affordability issues within the purview of the National Security Council.

Implementation of initiatives to reverse the inflationary trend and guarantee future supplies of affordable food.

Short-term strategy to utilize savings from fuel subsidy removal to revitalize the agricultural sector.

Distribution of fertilizers and grains to farmers and households free of charge as an immediate intervention.

Urgent collaboration between the Ministry of Agriculture and Ministry of Water Resources to ensure adequate irrigation and year-round farming.

Establishment of a National Commodity Board to review food prices and maintain a strategic food reserve.

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Engagement of security forces to protect farms and farmers.

Central Bank’s role in financing the agricultural value chain.

Activation of land banks and expansion of available arable land for farming.

Collaboration with mechanization companies to clear more forests and allocate them for farming.

Utilization of river basins for irrigation to facilitate continuous farming.

Provision of concessionary capital and funding to the sector, particularly for fertilizer, processing, mechanization, seeds, chemicals, equipment, feed, and labor.

Improvement of transportation and storage methods for agricultural products to reduce costs and food prices.

Increase in revenue from food and agricultural exports.

Enhancement of trade facilitation by working with the Nigerian Customs to eliminate bottlenecks.

Significant boost in employment and job creation within the agricultural sector.

Long-term goal of doubling the percentage of employment in agriculture to approximately 70%.

President Tinubu reaffirmed his administration’s unwavering commitment to ensuring that every Nigerian has access to affordable food.

(omayowa@globalfinancialdigest.com; Newsroom: +234 8033 964 138)

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