BREAKING: Nigerian government adopts measures to reduce food prices

- Federal Government has said that it has adopted measures to reduce food prices to cushion the effects of economic recession
- The Minister of Agriculture, Audu Ogbeh aid the committee had identified that the hike in cost is not due to shortage but high cost of transportation
The Federal Government of Nigeria says it has adopted some measures to reduce the price of food items.
FEC meeting
Vice President, Prof Yemi Osinbajo discussing with some ministers after FEC meeting
Premium Times reports that the Minister of Agriculture, Audu Ogbeh, revealed the plan on Wednesday 8th February, while addressing State House correspondents at the end of the meeting of the Federal Executive Council, FEC.
The Council had last week set up a task force to advise the government on how best to address the rising cost of food items across the country.
Mr Ogbeh said the task force submitted an interim report to the council on Wednesday. He said the committee had identified that the hike in cost is “not due to shortage but high cost of transportation”.
He said food items are generally moved across Nigeria with heavy trucks and the price of diesel which has gone up has therefore, led to increase in prices.
He said the government had therefore, decided to “start using railway wagons to transport food items.”
The minister said the use of wagons to transport cattle from the north to Lagos has already greatly helped in reducing cost and will be replicated in food distribution.
“We will also work with state governments to reduce delays experienced by trucks along the roads through all sort of taxes by locMr Ogbeh also said the government has decided to adopt the “Ivory Coast model” in which trucks distributing food items are given special labels.al governments,” he said.

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