NewStats: 3,264,902 , 8,185,054 topics. Date: Thursday, 12 June 2025 at 06:38 PM 6n151k

The federal government has said plans are in the works to establish a National Commodity Board as a solution to the escalating food prices in the country.

The commodity board will be expected to assess and regulate food prices, as well as maintain a strategic food reserve for stabilizing prices of crucial grains and other food items.

Vice President Kashim Shettima disclosed this yesterday during a two-day high-level strategic meeting on climate change, food systems and resource mobilization at the Presidential Villa, Abuja.

Speaking on “Climate Resilience and Food Security: Nigeria’s Vision for the Future”, Senator Shettima said the event was an attestation of Nigeria’s efforts at mitigating the effects of climate change and ensuring food security.

The VP, who highlighted ongoing policy reforms by the istration to ensure food and water availability and affordability, said the solution “to the potential food crisis has become immediate, medium, and long-term strategies”, adding that the short-term strategy entails revitalizing food supply through specific interventions like the distribution of fertilizers and grains to farmers and households to counteract the effects of subsidy removal; and addressing price volatility by establishing a National Commodity Board.

He said: “This board will continually assess and regulate food prices, maintaining a strategic food reserve for stabilizing prices of crucial grains and other food items.”

He assured that while the Tinubu istration is fully invested in the restoration of degraded lands, there are ongoing plans “to restore four million hectares, or nearly 10 million acres, of degraded lands within” the nation’s borders as its contribution to the AFR100 Initiative.

On how the government is handling the security challenges that have prevented farmers from working on their farms, he said, “I wish to assure you that we will engage our security architecture to protect the farms and the farmers so that farmers can return to the farmlands without fear of attacks.”

He implored those at the event, including development partners, private investors and the diplomatic community, among others, to make sure the high-level engagement results in a positive outcome.

https://dailytrust.com/hardship-fg-moves-to-regulate-food-prices/

It's too late.

Farmers in the Northern part of the country are already stockpiling food and selling it to neighboring Niger in secret.

They claim that it's business, and they hope to turn a profit.

The overrated buffoon Tinubu and his Efulefu gang got off to a bad start.

Yep price controls by another name.

Food scarcity loading...

Na so. Always promising, never doing. Failures.

They used 'rescue' incorrectly when they had no hands in rescuing victims of kidnappers that have already paid ransom.

They are now using 'regulate' incorrectly for another propaganda.

this government if they are not moving to,they are going to,we will

Zero plans

You can't force anyone to sell his/her product at your desired rate in an open market.

The govt. should revert to cashless policy as soon as possible and begin to tactically mop up the excess money already in circulation.

Everyone should brace up for this year's planting season, each house hold should plant something..

Iies and propaganda. So you will go to all the shop to enforce price

LambA

Godfullsam:
You can't force anyone to sell his/her product at your desired rate in an open market.

The govt. should revert to cashless policy as soon as possible and begin to tactically mop up the excess money already in circulation.

Everyone should brace up for this year's planting season, each house hold should plant something..

Exactly. Start price regulations and scarcity results...because farmers won't agree to sell for less prices , and wholesalers won't sell at a loss, neither would transporters agree to carry food at a loss.

We would end up with what used to happen in the soviet bloc, periodic scarcity of food stuffs.

The cluelessness of this government is becoming really really embarassing.. You increased fuel prices while claiming to remove subsidy, floated the naira (as they claimed) and increased import duties which have been readjusted twice in recent weeks, insecurity won't allow farmers farm and the ones that are farming have to pay heavy taxes to the bandits and yet somehow expect prices to remain the same?? And now you are trying to sell the narrative that individuals hoarding products are responsible for the inflation

Everyday they move, but they are stuck in the same place.

Is no longer releasing the food banks, its now regulate! Mpiawa azu! Hunger and its readiness to devour..

Confusion everywhere!!!

Godfullsam:
You can't force anyone to sell his/her product at your desired rate in an open market.

The govt. should revert to cashless policy as soon as possible and begin to tactically mop up the excess money already in circulation.

Everyone should brace up for this year's planting season, each house hold should plant something..

And you think the government will listen to you?

Damnnn niggar
Tinubu's istration is a disaster

• You go appoint a Banker, Bayo Adelabu wey na monetary matter him know about all him life as Minister for Power.

Sadly, under Bayo, national grid done collapsed more than 8 times within 8 months, and Megawats don drop patapata from 2,000Mw to 450Mw. Sotey some Discos dey receive Zero Mw.

• You appoint an information (media) guru, Dele Alake as Minister of Mines. Person wey every Nigeria know say na talk him sabi talk.
Nothing dey mine nau.

• You carry a whole trillionaire wey get many companies both home and abroad, Atiku Bagudu take do Minister for Budget & Planning.
Wetin him want plan past him business and political empire.

• You appoint tax collectors and commercial bankers, Wale Edun and Yemi Cardoso as Minister of Finance and Central Bank Governor as if you know dey this country wen Obasanjo spent millions of dollars to get technocrats like Ngozi Okonjo-Iweala and Charles Soludo to help his government stabilize the economy and financial sector.
Kemi Adeosun and Sanusi Lamidi Sanusi also did their best under Jonathan and Buhari's government.

Meanwhile, Adams Oshiomhole warned the Senate make dem no approve appointment of commercial bankers like Cardoso to handle monetary policy of the country.

• You appoint boyfriend and girlfriend, Olubunmi Tunji-Ojo and Beta Edu as Minister of Interior and Humanitarian Affairs. But later sacrificed Beta for Tunji-Ojo wey the entire world know say he follow chop inside Betagate scandal.

• You still come appoint your younger brother, Isiaka Adegboyega Oyetola wey fail woefully as a sitting Governor sotey him opponent defeat am take do Minister for Marine & Blue Economy.
Person wey no know anything about marine sotey the blue economy sef don turn to black economy.

Economy team or federal executive council no be for political patronage or compensation at all.

I swear, Tinubu don put everything and everybody in Nigeria for reverse.

How do u regulate food prices ehn ..... which kind clueless govt is this sef??

Do the needful..... map out a working economic plan so that the poor can breathe.... Even your ers are CHOKING to death sir!!!!

dre11:


https://dailytrust.com/hardship-fg-moves-to-regulate-food-prices/

Ok

Regulate what you can't control





CORNfused 🌽 CORNtree

Good development

The online mobs woul start wailing now


Enemies of Nigeria shall be humiliated last last

Establishing a commodity board without a subsidization of farm inputs will discourage farming and increase food scarcity, except u open d borders and waive custom duties for food inputs

Regulate everything not only food price.. If possible self regulate the heat, we wan die..

Interesting

Wait ooooo. Is it the food they planted ,produced or the one they transported in the market and sold by their appointtees.

E no go work

I feel the current government is taking the populace for a fool. Anyways, followers still never united sha so dem get right to play us as dem like.

Same hopes day to day and year to year

Some of APC minions knows that their messiah has failed woefully but can't speak out.

T

dre11:


https://dailytrust.com/hardship-fg-moves-to-regulate-food-prices/

GOOD MOVE, most people NOISE and CRITICS are hunger driven... if hunger comot poverty, its a done deal!

wisdomkid:


How does this statement make sense to you?

well only if u got L3ARN!NG D!FFICULTY or D!SAB!LITY, u wont be able to COMPREHEND that ; choose any languiage from below, it means the same.

"Ọ bụrụ na e wepụ agụụ na ịda ogbenye, a na-eme ịda ogbenye"
"ti Ebi ba kuro ninu ISE, ise bu se."
"Idan an kawar da yunwa daga talauci, ana yin talauci"