President Buhari Gives Reasons For Food Price Hike.

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President Muhammadu Buhari

President Muhammadu Buhari has blamed Food inflation in Nigeria on insecurity and flooding.

This was revealed in a statement signed by Garba Shehu, the President’s Senior Special Assistant on Media and Publicity, in honour of the Eid-el-Kabir greeting to Nigerians.

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He stated that his administration is working hard to alleviate food inflation brought on by the COVID-19 pandemic, as well as the impact of floods on the country’s agricultural activity.

Floods, according to the President, have wreaked havoc on agricultural farmlands, putting a damper on efforts to expand local production in keeping with the administration’s aim of dramatically reducing food imports.

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He went on to say that no administration in recent Nigerian history has invested as much in promoting local production of roughly 20 other commodities as they are now, through the provision of loans and other types of assistance to our farmers.”

Buhari also stated that the country’s current instability “has had serious and bad effects on agriculture because bandits and terrorists prohibit farmers from visiting their farms.”

He reassured Nigerians that his administration was working to address the country’s security issues.

“We have begun receiving fighter aircraft and other critical military equipment and hardware to strengthen our security forces’ ability to combat terrorism and banditry,” he said.

Apart from the damage caused by floods to rice farmers, the president noted that middlemen had taken advantage of the local rice industry to exploit fellow Nigerians.

He went on to say that this has harmed their efforts to support local food production at reasonable pricing.

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