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October 24, 2025 - 12:03 PM

FG Moves To Crash Food Prices In 180 Days, Announces Regulation On Prices Of Imported Food Items

The Federal Government has stated that food items to be imported into the country in the next 150 days will be subjected to recommended retail price to reduce the high cost of food items across the country.

 

This is coming hours after the lawmaker representing Borno South senatorial district, Senator Ali Ndume, alleged that the food crisis in the country was further exacerbated by the fact that President Bola Tinubu was not accessible to be advised by lawmakers and even cabinet ministers.

It would be recalled that the government a few days ago, suspended import duties and taxes on food items, such as rice and wheat, among others.

 

The Minister of Agriculture and Food Security, Abubakar Kyari, who revealed this on his X (formerly Twitter) handle on Wednesday July 10, said having suspended duties and taxes on food items, the Federal Government will take a step further to subject items to be imported to what he described as the recommended retail price.

 

While assuring that the prices of food items in the country will crash in the next 180 days, and pleaded with Nigerians to be patient with the government, the minister added that the Tinubu-led administration has unveiled a series of strategic measures aimed at addressing the high food prices currently affecting the country.

 

He emphasized that these measures will be implemented over the next 180 days, including 150-day duty-free import window for food commodities.

 

It also includes suspension of duties, tariffs, and taxes for the importation of certain food commodities through land and sea borders. These commodities include maize, husked brown rice, wheat, and cowpeas.

“Imported food commodities will be subjected to a Recommended Retail Price, RRP. We understand concerns about the quality of these imports, especially regarding their genetic composition.
‘’The government assures that all standards will be maintained to ensure the safety and quality of food items for consumption.

“The Federal Government will import 250,000 metric tons of wheat and 250,000 metric tons of maize. These semi-processed commodities will be supplied to small-scale processors and millers across the country.’’ The minister added.

 

He also maintained that there will be engagement with relevant stakeholders to set a GMP and purchase surplus food commodities to re-stock the National Strategic Food Reserve; Ramp-up production for the 2024/2025 farming cycle.

 

Continued support to smallholder farmers during the ongoing wet season farming through existing government initiatives; strengthening and accelerating dry season farming nationwide.’’ He added.

The minister explained that over the next 14 days, the Presidential Food Systems Coordinating Unit, PFSCU, and the Economic Management Team, EMT, will, in collaboration, meet with respective agencies to finalize implementation frameworks for the new policy of making food cheaply available for Nigerians.

 

’We will ensure that information is publicly available to facilitate the participation of all relevant stakeholders across the country,’’ he stated.

 

Meanwhile, Senator Ali Ndume, representing Borno. South, yesterday on a BBC Hausa Service interview, said the biggest problem confronting members of the National Assembly is the alleged closed-door policy of the government, where even some members of Tinubu’s cabinet cannot see the President, let alone lawmakers who intend to see him and discuss issues pertaining to their constituencies, including the food crisis.

 

Senator Ndume also warned that unless steps are taken against widespread hunger in the country, malnutrition will affect many in Nigeria, stressing that it has already affected children in the North-West.

 

The lawmaker, who noted that a UN report had warned that 82 million Nigerians would find themselves hungry without food in the next five years, said: “We are afraid that one day, a person may go to the market with money and be confronted with a situation where there won’t be food to buy.

 

If hunger persists, it’s the children that suffer most, the children lack food for healthy growth. This is a situation you find in places where there is war or famine.

“We’ve seen how it happened in Niger and South Sudan where children have died. Now the situation is rearing its ugly head in Nigeria.”

He expressed worry that the previous government had food banks for emergency needs but lamented that such food banks are no more.

This is a matter of serious concern and something should be done quickly about it,’’ Ndume said.

READ ALSO: https://thenews-chronicle.com/nigerians-would-react-if-we-dont-take-urgent-actions-on-increased-food-prices-lawan/

When asked why he couldn’t meet the President and talk to him over such matters privately instead of talking to the media, he alleged that it was extremely difficult now as “even some ministers cannot see the President.”

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