Wednesday, 8 February 2017

FG adopts new measures to reduce food prices

The Federal Government of Nigeria says has adopted some measures to reduce the price of food items. This was revealed by the Minister of Agriculture, Audu Ogbeh, on Wednesday' at the end of the meeting of the Federal Executive Council, FEC

The Council had last week set up a task force to advise the government on how best to address the rising cost of food items across the country. Mr. Ogbeh said the task force submitted an interim report to the council on Wednesday.

He said the committee had identified that the hike in cost is “not due to shortage but high cost of transportation”

He said food items are generally moved across Nigeria with heavy trucks and the price of diesel which has gone up has, therefore, led to an increase in food prices. He said the government had, therefore, decided to “start using railway wagons to transport food items.”

The minister said the use of wagons to transport cattle from the north to Lagos has already greatly helped in reducing cost and will be replicated in food distribution. “We will also work with state governments to reduce delays experienced by trucks along the roads through all sort of taxes by local governments,” he said.

-Premium Times

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