Hoarding Foodstuffs, Not Fair to Tinubu’s Govt. – Minister

Minister of Agriculture and Food Security, Senator Abubakar Kyari has said that traders hoarding food commodities and engaging in speculative trading are not fair to Tinubu’s Government.

This he said as he assured that the Federal Government is intensifying efforts to scale up food production in the country.

The minister stated this in Abuja at a Ramadan lecture organised by the SA to the President on Agriculture and Food Security, Mufutau Yinusa and the Asiwaju Project Beyond 2023, a major support group of the president during the 2023 presidential election.

Nigeria, Others Most Hit by High Food Inflation

The lecture had as its theme: “Gratitude, Patience and Vision: Embracing challenges with Optimism”.

The minister who decried the increasing cost of food items, said that apart from insecurity that has affected agricultural production, hoarding of foodstuffs has further exacerbated the situation in the country.

“Some of the problems we are facing is also man made, hoarding for instance and speculative trade by commodity traders is also very huge.

“We have seen and discovered some warehouses in big commodity areas where even gates are removed and walls built just to hoard food stuffs inside.

“So when you look at those things and say it’s Bola Tinubu, I think we are not being fair to the administration of this government.

“So we have to look  inward, we all have a role to play,” he said.

Kyari said the Federal Government would continue to work round the clock to ensure food security for the nation, while addressing the insecurity challenge frontally.

Also,  Minister of State for Agriculture and Food Security, Sen. Aliyu Abdullahi,  in his goodwill message at the event urged Muslims to use the Ramadan period to pray for the nation and its leaders.

“We don’t have any country than Nigeria and President Ahmed Tinubu has said it times without number, he is here to make a difference and he wants everybody to support him,”  Abdullahi said.

He reiterated the Federal Government’s commitment to working with relevant stakeholders to address the economic challenges facing the nation.

The SA to the President on Agriculture and Food Security, Mufutau Yinusa said the lecture was part of efforts to support the current administration and reach out to the grassroots.

The Director-General, Asiwaju Project Beyond 2023, Barr.  Realwan Okpanachi expressed optimism that Nigeria will soon surmount its challenges looking at the track records and experience of President Bola Tinubu.


Discover more from LN247

Subscribe to get the latest posts sent to your email.

Advertisement

Most Popular This Week

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More from Author

Advertisement

Read Now

Nigerian Ports Authority Increases Charges By 15%

The Nigerian Ports Authority (NPA) has announced a 15% increase in port tariffs, marking the first adjustment since 1993. The move aims to enhance efficiency and boost Nigeria's port competitiveness. However, the decision has faced pushback from manufacturers, who argue that the higher charges will further escalate operational...

Bank of England Lowers Interest Rate to 4.5%

The Bank of England has reduced its base interest rate from 4.75% to 4.5%, marking a strategic shift in monetary policy aimed at stimulating economic growth. The quarter-point cut comes as policymakers respond to sluggish economic performance and persistent inflationary pressures. In a statement published on Thursday, titled...

CBN Extends FX Sale Period to BDCs

The Central Bank of Nigeria (CBN) has announced an extension of the FX sale period to Bureau de Change (BDC) operators until May 30, 2025, in order to better meet retail market demand. This decision was communicated through a circular signed by Dr. W. J. Kanya, Acting Director...

Discover more from LN247

Subscribe now to keep reading and get access to the full archive.

Continue reading