The Good Governance Advocates of Nigeria (GGAN) has praised President Bola Tinubu and Agriculture Minister Abubakar Kyari for their strides in reshaping the nation’s agricultural sector, with particular emphasis on the recent drop in food prices.
In a statement issued by GGAN’s national president, Comrade Gideon Unazi, the organization lauded the administration’s initiatives aimed at boosting economic growth and positioning Nigeria as a competitive player in global food markets.
Unazi highlighted the country’s shift from traditional farming to a thriving agribusiness environment, emphasizing the vital role of such transformations in empowering farmers and encouraging private sector-led growth.
Declining Food Prices Mark Positive Change for Nigerians
He pointed out key reforms, such as declaring a state of emergency in agriculture, temporarily suspending tariffs on essential food items, and collaborating with global institutions like the African Development Bank, World Bank, and the Japanese International Cooperation Agency (JICA). These steps, Unazi argued, have had a tangible impact on the agricultural landscape.
The lifting of food importation bans, the strengthening of the Naira, and the suspension of bulk grain purchases by international agencies have led to a sharp drop in food prices, with certain grains seeing price reductions of up to 40% in just a few weeks. In particular, staples like beans, yam, rice, tomatoes, and garri saw price cuts between 10% and 70%.
Unazi also emphasized the significance of Kyari’s recent election as Vice Chairman of the Governing Council of the International Fund for Agricultural Development (IFAD), underscoring Nigeria’s leadership in the global effort to transform agriculture and achieve food security.
Moreover, Unazi acknowledged the distribution of over 2.1 million bags of fertilizer to farmers and the provision of food aid to communities affected by flooding, calling these actions instrumental in increasing agricultural productivity and alleviating hardship.
As food prices continue to decline, GGAN expressed optimism that these developments signal a brighter future for Nigeria’s agricultural sector and its citizens, urging ongoing support for the government’s efforts toward sustainable growth and food security.
