In response to the surging food prices in the country, the Federal Government announced plans to establish a National Commodity Board aimed at assessing and regulating food prices.
Vice President Kashim Shettima disclosed this during a high-level strategic meeting on climate change, food systems, and resource mobilization at the Presidential Villa in Abuja. Emphasizing ongoing policy reforms to ensure food and water availability and affordability, Senator Shettima outlines the immediate, medium, and long-term strategies to address the potential food crisis.
The short-term strategy involves specific interventions like distributing fertilizers and grains to counteract subsidy removal effects and addressing price volatility through the National Commodity Board. Shettima reassures the government's commitment to restoring degraded lands and engaging security measures to protect farmers, urging positive outcomes from the high-level engagement.
This initiative marks a significant step towards stabilizing crucial grain prices and ensuring food security in Nigeria.
