Business Nigeria Will Experience Bumper Harvest This Year, Low Food Prices – NEC

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ProfRem

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The National Economic Council (NEC), on Tuesday in Abuja, expressed optimism that the nation would experience bumper harvest this year which would force down the prices of foodstuff.

Governor Rochas Okorocha of Imo, spoke at a joint news briefing with Governor Adams Oshiomhole of Edo and Jubrilla Bindow of Adamawa at the end of the NEC meeting, presided by Vice President Yemi Osinbajo.

According to Okorocha, Minister of Agriculture Audu Ogbeh, briefed the NEC on progress of government’s agricultural policies, while the state governors agreed to partner federal government in agricultural programmes.

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Okorocha said NEC hailed the anchor borrowers’ scheme of the Central Bank of Nigeria (CBN) “as a success story’’ with many states participating in rice farming.

He said: “Agriculture is very key for us to come out of recession and improve quickly on the economy of our nation.

“However, we were concerned about some of the items being imported in this country in the name of food.

“We have cautioned the Standard Organisation of Nigeria, NAFDAC and all agencies that deal with quality of goods to do their best to ensure that rubbish is not sent to this country in the name of food".
 
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