President Buhari Vows To Reduce the Price of Food Items

President Muhammadu Buhari has reacted to the complaints of Nigerians about the recent surge in the price of food items. He assured Nigerians that his administration is doing everything possible to curb the inflation of food prices across the country.

The COVID-19 pandemic, flooding, among other issues have led to a recent spike in the prices of food items in the country.

In a tweet posted on his Twitter handle on Thursday, September 3, President Buhari promised Nigerians that this period of increase in food prices will be a transient one.

”To ease the current high cost of poultry production, I have approved the release of 30,000 tons of maize from the national reserves, to animal feed producers.

We are very mindful of the challenge of high food prices, at a time when the economy is already in a slowdown caused by the global coronavirus situation, and are doing everything in our power to bring down the prices of food items across the country.

Let me assure Nigerians that this situation of spiraling food prices will be a transient one.

We are also engaging with food producers associations and groups to tackle the issue of exploitative behaviour by middlemen and other actors, which is one of the factors responsible for the high food prices being experienced.”

BusinessLift Staff

Business Lift is Nigeria's best business news website. We also specialize on helping people make money online in Nigeria.

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