News FG Adopts Measures TO Reduce Prices of Food across the Country

FG Adopts Measures TO Reduce Prices of Food across the Country

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FG Adopts Measures TO Reduce Prices of Food across the CountryThe Federal Government of Nigeria says it has adopted some measures to reduce the price of food items due to the prevailing price increase.

Minister of Agriculture, Audu Ogbeh,  made this known at the end of the meeting of the Federal Executive Council (FEC) on Wednesday.

Last week, the council had set up a task force to advise the government on how bestto address the rising cost of food items across the country.

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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”.

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

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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.

Credti: PremiumTimes


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