Osinbajo Sets Up Task Force To Beat Down Food Prices

SAN FRANCISCO, February 01, (THEWILL) – Acting President Yemi Osinbajo, SAN, has constituted a Presidential Task Force to urgently consider measures that would ensure a steady flow of produce to the market and reverse recent price increases.

Giving the directive on Wednesday at the Federal Executive Council (FEC) meeting, Osinbajo expressed concern at some of the inflationary rates of food prices, noting that the Task Force will explore options to promote availability and affordability of food items to Nigerians.

He declared that the Task Force, which has seven days to report back to the Council, will consider how to remove some of the cost-raising factors that come into play between the farms and the markets and therefore bring relief to Nigerians.

One of the focus areas of the Task Force, the Ag. President noted, would be to review the transportation and preservation processes, and see how government can intervene in those aspects to bring down food prices.

While there have been reports of bumper harvests in parts of the country, the prices of food stuff still end up rather high, while some of the produce even end up wasted due to a number of reasons preventing effective transportation delivery to the markets.

The Task Force, which would be meeting with the Ag. President in the discharge of its urgent assignment, will therefore draw out a practical plan and present same to the Council next week.

Members of the Task Force include Minister of Agriculture & Rural Development, Chief Audu Ogbeh; Minister of Finance, Mrs Kemi Adeosun; Minister of Industry, Trade & Development, Dr. Okey Enelamah; Minister of Transportation, Honorable Rotimi Amaechi; Minister for Water Resources, Engr. Suleiman Adamu; Minister of Labour & Employment, Dr. Chris Ngige.

The Offices of the Chief of Staff to the President and the Senior Special Assistant to the President on Sustainable Development Goals, SDGs, would also be on the Task Force.