The Tinubu-led administration has announced a series of initiatives to address soaring food prices. Minister of Agriculture and Food Security, Senator Abubakar Kyari, outlined the measures set for implementation over the next 180 days:
150-Day Duty-Free Import Window:
Suspension of duties, tariffs, and taxes on specific food imports, including maize, rice, wheat, and cowpeas.
Imported commodities will be subject to a Recommended Retail Price (RRP).
Government Imports:
Federal Government to import 250,000MT each of wheat and maize for small-scale processors.
Guaranteed Minimum Price (GMP):
Engagement with stakeholders to set GMP and manage surplus food stocks for the National Strategic Food Reserve.
Production Ramp-Up:
Support for smallholder farmers during the wet season.
Accelerate dry season farming, mechanization, and irrigation.
Collaborate on youth and women engagement in greenhouse cultivation.
National Livestock Transformation:
Inauguration of the Renewed Hope National Livestock Transformation Implementation Committee.
Nutrition Security:
Promote fortified food production and expand the Home Garden Initiative.
These measures, coordinated with the Presidential Food Systems Coordinating Unit (PFSCU) and the Economic Management Team (EMT), will involve finalizing implementation frameworks and ensuring public participation and accountability.
Senator Kyari reaffirmed the government’s commitment to food security, aiming to prevent hunger and establish sustainable food systems in Nigeria.