Audio By Carbonatix
Nigeria's President Bola Tinubu has declared a state of emergency on food security to address ongoing food inflation.
Immediate, medium and long-term interventions have been designed by the government to combat the shortages.
These range from providing fertilisers and grains to farmers and households to assigning responsibility for food and water to the National Security Council.
The government plans to allocate funds from the fuel subsidy removal to support the agricultural sector and establish a National Commodity Board to regulate and stabilise food prices.
President Tinubu emphasised the initiatives' goals of reducing food costs, promoting agriculture and generating employment opportunities.
In a post on his Twitter handle, President Tinubu said that the "new initiatives will tackle rising food costs, enhance agriculture, and boost job creation".
"No one will be left behind in our efforts to ensure affordable, plentiful food for every Nigerian," he tweeted.
Today, we declared a state of emergency and unveiled a comprehensive intervention plan on food security, affordability, and sustainability, taking decisive action to tackle food inflation. These are steps towards a more food secure Nigeria for all.
— Bola Ahmed Tinubu (@officialABAT) July 13, 2023
Our new initiatives will tackle… pic.twitter.com/DBb81p1jd2
Earlier in the month, a former governor in northern Nigeria expressed concern that the country may face a food crisis soon due to banditry in the North.
The International Monetary Fund warned of increased food prices and risks due to floods and expensive fertilisers.
Latest Stories
-
GN Savings ruling poses fiscal and financial-stability risks – Amin Adam
8 minutes -
Amin Adam calls on BoG and Finance Ministry to explain implications of GN Savings ruling
23 minutes -
Restoring GN Savings and Loans will be difficult after years of asset disposal — Dr Kweku Ndoum
26 minutes -
Misrepresentation of GN Bank’s financial position led to collapse – Dr Kweku Nduom
38 minutes -
Collapse of GN Bank led to loss of over 4,500 jobs — Dr Kweku Ndoum
46 minutes -
Arrest and denial of bail being used to intimidate opposition voices — Egyapa Mercer
50 minutes -
GN Savings & Loans: Banking sector clean-up could’ve been managed better – Bobby Banson
1 hour -
National Chief Imam urges Ghanaian pilgrims to uphold discipline and unity ahead of 2026 Hajj
1 hour -
Gov’t owed GN Bank GH¢300m in unpaid IPCs before reclassification and licence revocation — Dr Kweku Ndoum
2 hours -
Fernandes named Premier League player of season
2 hours -
BoG failed in its supervisory role in GN Bank crisis — Senyo Hosi
2 hours -
Mahama cuts sod for Bole College of Education, unveils major development projects for Savannah Region
2 hours -
NDC tightens control over media representation
2 hours -
GN Savings licence revocation came as a shock – Dr Kweku Ndoum
2 hours -
GN Bank was not insolvent before downgrade and licence revocation – Kweku Ndoum
2 hours