Why food prices are increasing in Nigeria – Kwasari

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food

Dr Andrew Kwasari, the Senior Special Assistant to the President on Agriculture has explained why food prices in Nigeria has soared in recent months.

Speaking at the National Economic Council chaired by Vice President Yemi Osinbajo and with the state governors in attendance, Kwasari explained that there is an urgent need for remedial measures.

Presenting his findings to NEC, he explained the current food price situation in Nigeria and identified five major factors responsible.

He said food prices have changed between September and November involving commodities in Lagos and a few randomly selected states.

He noted that the hike in prices is due to the following factors, “Delay in going out to farm, which translates to delay in harvesting courtesy of COVID-19 pandemic.

“EndSARS protest stalled food transportation and delivery and in some instances destroyed food stores.

“Banditry in the northwest effectively preventing farmers from harvesting fields cultivated.

“Farmers/herders conflict destroyed farm produce in some states and increased cost of transportation.