Government Policies Reduced Food Prices by 50% Nationwide, Says Agriculture Minister

Nigeria’s Minister of Agriculture and Food Security, Abubakar Kyari, has stated that government interventions in the agricultural sector have led to a significant drop in the prices of essential food commodities across the country.

According to the minister, recent policies introduced by the administration of President Bola Ahmed Tinubu have contributed to reducing the cost of staple foods by as much as 50 percent nationwide. Kyari said the decline in food prices is the result of deliberate efforts by the federal government to improve food production, stabilise supply chains, and support farmers with critical inputs. He explained that the government has implemented a number of initiatives aimed at boosting local food production, particularly in key agricultural value chains such as rice, maize and wheat. The measures include expanded support programmes for farmers, improved access to fertilisers and seeds, and policies designed to reduce the cost of agricultural inputs. The policies we have put in place are beginning to yield results. Prices of major food commodities have dropped significantly across the country,” Kyari said while highlighting the ministry’s efforts to address food inflation and improve food security. Nigeria has faced rising food prices in recent years due to factors including insecurity in farming communities, high transportation costs, currency volatility and disruptions in agricultural production. However, the minister noted that the government remains committed to strengthening the agricultural sector to ensure long-term stability in food supply and pricing. Kyari also stressed the importance of sustained investment in agriculture, improved security in rural farming areas, and continued support for farmers to maintain the current momentum. The Federal Government says it will continue monitoring food prices and expanding interventions aimed at ensuring affordable food for Nigerians while strengthening the country’s food security framework.