President Muhammadu Buhari has blamed the middlemen in the agric sector for the shortage in food supply and increase in food prices in the country.
The President disclosed this today in a statement during the commemoration of the 61st anniversary of Nigeria’s independence.
“Unfortunately, as our food production capacity has increased, food prices have been going up due to artificial shortages created by middlemen who have been buying and hoarding these essential commodities for profiteering,” Buhari said.
He noted that the Federal Government had made plans to end the disruptive and unpatriotic hoarding activities as well as ensure that food prices were affordable for Nigerians.
“To address this, I am hereby directing the Ministry of Agriculture and Rural Development to rehabilitate the National Food Reserve Agency.
“They should also work with security agencies, the Nigerian Commodity Exchange, and the National Assembly to find a lasting solution to these disruptive and unpatriotic hoarding activities,” the President stated.
Buhari further said, “To further enhance food production, we have completed several new dams and are in the process of rehabilitating several River Basin Development Authorities to enhance groundwater supply for rainfed agriculture as well as surface water for irrigation agriculture.”
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