Government approves release of foodstuffs from strategic reserves over high food prices

*Items slated for release include 30,000 tonnes of maize, animal feeds to ease high cost of poultry production in Nigeria, says presidential aide

Alexander Davis | ConsumerConnect

In order to cushion the negative effects of high food prices amid the damaging novel Coronavirus disease (COVID-19) in the economy, President Muhammadu Buhari has approved the release of food items from the strategic reserves for distribution to Nigerians.

Malam Garba Shehu, Senior Special Assistant (SSA) to President Buhari on Media and Publicity, announced this in a statement Wednesday in Abuja, FCT.

Shehu said President Buhari had expressed concern about recent increases in prices of foodstuffs at a time the economy is seriously dislocated by Coronavirus pandemic.

“The President has just approved the release of food items from the strategic reserves, including 30,000 tons of maize to animal feeds producers to ease the high cost of poultry production.

“President Buhari’s administration has raised some of these issues with the various food producer associations involved, particularly those of rice and other grains.

“With their cooperation, the high food prices should soon be a thing of the past,” he said in the statement.

He further stated that “the President assures Nigerians that the situation is transient. “His administration has already begun looking and putting in place measures to ameliorate the situation.

“While providence has been kind to us with the rains and as such an expectation that a bumper harvest would lead to crashing of food prices and ease the burdens on the population, government’s concern is that the exploitative market behaviour by actors has significantly increased among traders in the past few years and may make any such relief a short-lived one.

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