President Muhammadu Buhari has taken to his Twitter account to address the issue of hike in food prices, he has assured Nigerians that his government will do all it can to crash down the prices.
He also announced that he has approved the release of 30,000 tons of maize from the national reserves, to animal feed producers in order to boost poultry production.
His tweet read,“To ease the current high cost of poultry production, I have approved the release of 30,000 tons of maize from the national reserves, to animal feed producers.
We are very mindful of the challenge of high food prices, at a time when the economy is already in a slowdown caused by the global coronavirus situation, and are doing everything in our power to bring down the prices of food items across the country.
Let me assure Nigerians that this situation of spiraling food prices will be a transient one.
We are also engaging with food producers associations and groups to tackle the issue of exploitative behaviour by middlemen and other actors, which is one of the factors responsible for the high food prices being experienced.”
Currently, the price of rice is now at 35,000 naira and also the price of fuel has hit a new high of 155 naira per litre
