FG introduces immediate measures to tackle rising food prices

The Federal Government, through the Ministry of Agriculture and Food Security, has announced immediate measures to address the high cost of food commodities in the country.

The Minister of Agriculture and Food Security, Senator Abubakar Kyari, made the announcement on his official X account, stating that there will be a 150-day duty-free import window for food commodities.

This window will include the suspension of duties, tariffs, and taxes for the importation of certain food commodities through land and sea borders.

The targeted commodities include maize, husked brown rice, wheat, and cowpeas.

“Our administration has unveiled a series of strategic measures aimed at addressing the high food prices currently affecting our nation. These measures will be implemented over the next 180 days,” Kyari said.

To achieve its objective, the Minister said that the imported food commodities will be subjected to a Recommended Retail Price (RRP).

“We understand concerns about the quality of these imports, especially regarding their genetic composition. The government assures that all standards will be maintained to ensure the safety and quality of food items for consumption,” Kyari said.

The Federal Government will import 250,000 metric tons of wheat and 250,000 metric tons of maize. These semi-processed commodities will be supplied to small-scale processors and millers across the country.

“Engagement with relevant stakeholders to set a GMP and purchase surplus food commodities to restock the National Strategic Food Reserve. Ramp up production for the 2024/2025 farming cycle.

“Continued support to smallholder farmers during the ongoing wet season farming through existing government initiatives. Strengthening and accelerating dry season farming nationwide. Embarking on aggressive agricultural mechanisation to reduce drudgery, lower production costs, and boost productivity.”

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