PRESIDENT BUHARI PRESIDES OVER FOOD SECURITY COUNCIL MEETING 00A&B.; President Muhammadu Buhari, SGF Mr. Boss Mustapha, Chief of Staff, Prof Ibrahim Gambari and NSA Maj Gen Babagana Monguno as President presides over the National Food Security Meeting held at the Council Chambers, State House, Abuja. PHOTO; SUNDAY AGHAEZE. SEPT 10, 2020
BreakingTrending Story

Rising food prices: Buhari meets governors, others to stave off crisis 

244

President Muhmmadu Buhari on Thursday met with members of the National Food Security Council (NFSC) at the Council Chambers of the State House, to discuss strategies toward staving off food crisis in the country.

In attendance are six governor-members out of the seven, relevant ministers, governor of Central Bank of Nigeria  and other senior government functionaries.
The Secretary to the Government of the Federation (SGF), Mr Boss Mustapha and the National Security Adviser (NSA), Maj.-Gen. Babagana Monguno (retired) also attended.
The meeting addressed the demands of the the leaders of agricultural  commodity association that the sector should be better coordinated and synergised.
Governors at the event include Atiku Bagudu of Kebbi State, who is also the Vice Chairman of the Council; Babajide Sanwo-Olu of Lagos; Badaru Abubakar of Jigawa; Simon Lalong of Plateau; Darius Ishaku of Taraba; and Dave Umahi of Ebonyi.

Among ministers in attendance are those of Finance, Budget and National Planning, Dr Zainab Ahmed; Trade, Industry and Investment, Otunba Niyi Adebayo; Agriculture and Rural Development, Alhaji Sani Nanono; Interior, Ogbeni Rauf Aregbesola; Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouq;  and that ofWater Resources, Engr. Suleiman Adamu.

Other senior officials present are the Director-General of the Department of State Service (DSS), Yusuf Bichi; the Director-General of the National Intelligence Agency (NIA), Ahmed Rufa’i Abubakar; and the Comptroller-General of the Nigeria Customs Service (NCS), Col. Hameed Ali (rted), are also in attendance.

Speaking during the opening session before the meeting went into closed doors, the Chief of Staff to the President, Ibrahim Gambari, said the current price increases are transient as the prices are expected to crash as new grains come into the market.

He said:  “The recent surge of national  food prices is gradually evolving to a food crisis  with the ability to threaten the nation’s food security.

“Yesterday (Wednesday), my office as the secretariat National Food Security Council, met with the all agricultural  commodity association, to ascertain the root causes of the recent spike in food prices and craft mitigating strategies to what could be a potential crisis.

“Although various concerns were raised of the root cause of  increase in commodity cost, we have been informed that prices are actually on the decline as new grains have been introduced to the market.

“For example, new maize which was previously sold for N25,000 per bag is now being sold between N12,000 and N17,000 and it’s expected to fall between N7,000 and N8,000 per bad by November 2020, according to the various leaders of agricultural  commodity association. The price decline has also been experienced in millet, beans and sorghum. The hike therefore is to be seen as a transient situation.

“With Mr. president being among us, as somebody who knows about farming and agriculture perhaps more than  many of us in the room, we believe his presence is very instructive in addressing not just this hike and transient nature and pricing of foodstuff but also to underscore the importance he personally and as Mr. President and his administration attaches to the issue of national food security.

“However, it is important to note that the most prevailing concern of the various leaders of the  agricultural  commodity association, was their demand that there should be better coordination, synergy and cooperation across the sector, this has been largely accounted for the gross misinformation and nationwide speculation which is being experienced.

“Not disregarding the impact of other value triggers such as the cyclical-off season period phenomenon, the COVID-19 pandemic and infrastructure challenges, the importance of collaboration can still not be overemphasized.”

“As I welcome all participants to this crucial gathering, I urge that we all work hand in hand to ensure the protection of our nation’s food basket. Agriculture is a major priority for this administration and the crucial driver for the development of the nation.

“Therefore, the growth of the sector leaves no room for complacency and there is still a long arduous road to go before achieving those goals.
However with determination, coordination and hard work,  we have the capacity and will therefore  demonstrate  the wherewithal to our exceed our expectation, “Gambari said.

Leave a comment

Related Articles

First Bank changes its name to First Holdco Plc, brand name to FirstHoldco

First Bank of Nigeria (FBN) Holdings Plc is to change its name...

Tinubu, Abiodun, Sanwo-Olu, others extol Pastor Tunde Bakare at 70

Pastor Tunde Bakare, the founder of Citadel Global Community Church, is a...

Emirship crisis: Kano govt. allocates N99.9m for Nassarawa mini-palace renovation

In response to the court’s order reinstating him, the Kano State Government...

Nigeria’s foreign exchange reserves up by 5 percent to $33.58bln

Nigeria’s foreign exchange (FX) reserves have increased by five percent in the...

Breaking: Presidential aircraft’s technical fault forces VP Shettima to abort U.S. trip – spokesman 

A technical fault in the presidential aircraft forced Vice President Kashim Shettima...

Billionaire philanthropist Tony Elumelu mulls buying NPFL team

As part of his corporate social responsibility, billionaire banker and philanthropist Tony...

Terry G speaks on Davido, Wizkid, and Burna Boy rivalries, faces backlash from fans

Nigerian music sensation Terry G, also known as the Apako master, has...

Dani Alves pays €1m bail, set to leave Spanish jail

Former Brazil and Barcelona star Dani Alves, convicted of rape in Spain,...

World TB Day: 70 percent of TB cases in Africa now being diagnosed and treated – WHO

The World Health Organization (WHO) has disclosed that about 70 percent of...

13th AAG: Tobi Amusan wins gold in women’s 100m hurdles

The Nigerian sprint star, Tobi Amusan, won gold in the women’s 100m...

FG approves N12.7bln for mass metering of army barracks nationwide

The Federal Government says it has released N12.7 billion to provide electricity...

Women’s Day: Tinubu felicitates women, vows to prioritise their welfare, rights

President Bola Tinubu has promised to prioritize the welfare of women, protect...

All African Games: Nigeria’s Flying Eagles start their campaign on a losing note

The Flying Eagles of Nigeria started their campaign in the men’s football...

EFCC sets up task force to combat dollarization of economy, mutilation of naira

The Economic and Financial Crimes Commission (EFCC) has announced the setting up...

Breaking: Seven days after, abducted Ekiti school children, teachers regain freedom

After seven days in the kidnappers’ den, the abducted students and teachers...

How Bafarawa diverted N4.6bln from ex-NSA for prayers, election, acquire luxury vehicles

A startling revelation has been made about how a former governor of...

CBN redeploys 1,500 staff to Lagos

The Central Bank of Nigeria (CBN) says it has redeployed 1,500 staff...

AFCON: Pres. Tinubu says unimpressed with Super Eagles’ performance

President Bola Tinubu has expressed his displeasure over the performance of the...

I’ve not met a man kind enough to marry —Ini Edo

In a candid revelation, renowned actress, Ini Edo, has hinted about the...

Ogun CP visits shot Nollywood actor, Ijaduade, vows to punish trigger-happy cop

Nollywood actor and Director, Azeez Ijaduade, who was shot “accidentally” by a...