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Just In: Tinubu ready to address high cost of food and imported food to crash prices nationwide, says Kyari
The Federal Government, on Wednesday, declared that with the strategic measures aimed at addressing the high food prices nationwide, prices of the items would crash in the next 180 days (January 2025).
It said the measures which include the suspension of duties, tariffs, and taxes for the importation of certain food commodities through land and sea borders, as well as the importation of 500,000 metric tonnes of wheat and maize, would tackle the rise in food prices.
The Minister of Agriculture and Food Security, Abubakar Kyari, who disclosed this on his official X handle on Wednesday, explained that the imported food commodities would be subjected to a recommended retail price to maintain the required and acceptable standard.
This came as the All Farmers Association of Nigeria expressed optimism that the price of staple food in Nigeria would crash should the government implement the policies adequately, stressing that in-country food production had been insufficient.
Similarly, the organised private sector commended the Federal Government for the initiative, describing it as robust, comprehensive, and all-inclusive.
In his posts on X, the agriculture minister said, “Our administration has unveiled a series of strategic measures to address the high food prices currently affecting our nation. These measures will be implemented over the next 180 days: 150-day duty-free import window for food commodities; 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. 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 tonnes of wheat and 250,000 metric tonnes of maize. These semi-processed commodities will be supplied to small-scale processors and millers across the country; engagement with relevant stakeholders to set a GMP ( good manufacturing practices) and purchase surplus food commodities to restock the National Strategic Food Reserve.”
Kyari said the government would ramp up production for the 2024/2025 farming cycle, adding that there would be continued support to smallholder farmers during the ongoing wet season farming through existing government initiatives.
He outlined other measures as “strengthening and accelerating dry season farming nationwide, embarking on aggressive agricultural mechanisation to reduce drudgery, lower production costs, and boost productivity, collaborating with sub-national entities to identify irrigable lands and increase land under cultivation.
The minister said the ministry would be “working closely with the Federal Ministry of Water Resources and Sanitation to rehabilitate and maintain irrigation facilities under river basin authorities across the federation. Developing strategic engagement for youths and women for immediate greenhouse cultivation of horticultural crops such as tomatoes and pepper to increase production volume, stabilise prices, and address food shortages.
“Fast-tracking ongoing engagements with the Nigerian military to rapidly cultivate arable lands under the Defence Farms Scheme and encouraging other para-military establishments to utilise available arable lands for cultivation.
On the Renewed Hope National Livestock Transformation Implementation Committee, the minister stated that the committee, inaugurated on Tuesday, would develop and implement policies prioritising livestock development in alignment with the National Livestock Transformation Plan, adding that a ministry of Livestock Development has been created.
Kyari said the government would enhance nutrition security by promoting the production of fortified food commodities, supporting the scale-up of the Home Garden Initiative by the Office of the First Lady of the Federal Republic of Nigeria.
“Over the next 14 days, in close collaboration with the Presidential Food Systems Coordinating Unit, and the Economic Management Team, we will convene with respective agencies to finalise the implementation frameworks. We will ensure that information is publicly available to facilitate the participation of all relevant stakeholders across the country.
“The success of these measures hinges on the cooperation and collaboration of all relevant MDAs (ministries, departments and agencies) and stakeholders. As our nation confronts this critical food security challenge, I reiterate President Bola Tinubu’s unwavering commitment to achieving food security and ensuring that no Nigerian goes to bed hungry. My team and I will work swiftly and diligently to actualise these crucial policies, ensuring food security for everyone in the immediate term while continuing our strategies for long-term interventions to address underlying causes and ensure sustainable and resilient food systems in Nigeria.
Commenting on the plans, the All Farmers Association of Nigeria lauded the initiative of the Federal Government on the lifting of taxes on food importation, as well as the importation of 500,000MT of wheat and maize.
The South-West Chairman of AFAN, Femi Oke, pointed out that food prices in Nigeria had continued to rise due to low production, stressing that it was the right thing to do by importing these items.
He stated, “It is a welcome development because the prices of food items have continued to rise and are now very high for most Nigerians. So we believe that with the introduction of a duty-free importation policy on the food items, the cost of these commodities will drop,” he stated.
When asked if the policy would not adversely impact local food production, the AFAN official replied, “No it can’t, because what we are producing in the country is not even enough. Our population is increasing every day and removing the taxes would lead to the importation of more food into the country.
“As the food importation increases, the price of food items in the country will reduce. So the initiative is encouraging this time because the prices of food items are so high and this is affecting all sectors of the economy.”
Recall that Kyari had explained on Monday that the Presidential Accelerated Stabilisation and Advancement Plan was an initiative of President Tinubu to bring about food security and economic stability to Nigeria.
He noted that over the past several months, “we have all been witnesses to the escalating cost of food items in all parts of the country. There is virtually no food item that has not had its price raised to a level higher than what a good many Nigerians can afford.”
The minister stated that the affordability crisis in our food security system had been indexed by the data from the National Bureau of Statistics which by the last count, had put food inflation at 40.66 per cent.
“We have heard the cries of Nigeria over the prices of food items and condiments, with some now describing tomatoes as gold and proposing a variety of recipes to prepare soups and dishes with some of the overly priced food items.
“What in the past were regarded as common items such as yam, plantain, and potato now command excessively high figures and Nigerians are right to wonder how and why things are the way they are.
Tomato price hike, scarcity caused by infestation – Agriculture minister
“As a government under the leadership of President Tinubu, members of the Federal Executive Council and indeed all other operatives in the MDAs are fully aware of the hardship occasioned by the high cost of food items in our country. There is no doubt that food inflation is a direct consequence of a number of factors,” Kyari stated.
He said agricultural production activities had been hampered in some parts of the country by a number of factors resulting in the inability of smallholder farmers to contribute optimally to the country’s food basket.
This, he said, had opened a new dimension to the food challenge from affordability to availability of sufficient food commodities.
“As you may recall, earlier in the year, there were a number of interventions by the Federal Government to make food available and to dampen their prices. Those interventions include the release of 42,000MT of assorted food commodities from the National Strategic Food Reserve, 58,500MT purchase of milled rice from the Rice Processors Association of Nigeria and an additional 30,000MT of rice.
“Regrettably, prices have continued to escalate, and in some cases these days, food items are becoming unavailable. The Government cannot allow this situation to persist. While there are ongoing agricultural initiatives, programmes and projects under the Federal Ministry of Agriculture and Food Security, and state governments also have theirs, we must respond to the creeping availability crisis.
“As the government continues to encourage agricultural production on a sustainable and profitable basis for farmers, the time lag between cultivation and harvest makes it inevitable for the government to kick in stop-gap measures that will bring tremendous relief to Nigerians.
“For instance, harvest for 2024 wet season farming will not be due until October-November. On the one hand, while the measures aim to alleviate immediate food shortages, we will strengthen domestic production capabilities to enhance long-term food security,” the minister stated.
Kyari pointed out that the causative factors in the country’s food inflation figures include infrastructural challenges, multiple taxes and levies, and the sheer profiteering by marketers and traders.
Reacting, the National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, Dele Oye, commended the Federal Government on the move.
He said, “The food price crash is a good move, and we are looking forward to it. We are very happy about it and we are in support.”
In a similar vein, the National President of the Association of Small Business Owners of Nigeria, Dr Femi Egbesola, said he was optimistic about seeing the implementation of the initiative.
He said, “I receive this news with utmost joy and excitement, praying and hoping that all will go as enumerated. It is very robust, comprehensive, and all-inclusive; no doubt, it will push down the prices of food and agricultural products and will strongly arrest food inflation which indeed is the highest driver of inflation at the moment. Hence, it is a win-win situation for all.
“I am even impressed that there’s provision to off-take excess agricultural products from farmers, support smallholder farmers, and adopt more technology and mechanisation in the farming business.
“It will positively impact the SMEs, particularly those whose primary inputs are agricultural products. It will also improve sales and profitability if inflation is arrested and driven down. This is the kind of body language and kick-fix policies we expect of a responsive and responsible government.”
He noted that for the food prices crash to succeed, willpower, transparency, collaboration, and a corruption-free process were essential.
Egbesola said, “I do hope enough will also be done with the collaboration of critical stakeholders in the private sector to implement, monitor, evaluate, and ensure the success of the processes and procedures of this laudable initiatawaition.
But the National Vice President of the Nigerian Association of Small-Scale Industrialists, Segun Kuti-George, however, noted that the crash of food prices was like a two-edged sword
He said, “The truth of the matter is, there are usually two sides to a coin, and that’s one of the dynamics of economics. As you are trying to solve a problem, you are likely to be creating another. While it is good to crash or bring down the cost of food, being the first line of human needs, we have to consider how they intend to do it. If the government wants to crash the price of food by importing food into the country or by removing the tariff, as they said, it has implications.
“Yes, on one side, it would be a good thing for the populace because they will be able to buy food at affordable prices. However, the other part of it is the locally grown food items and the cost of producing them, which will affect the price. If the price of food that is produced locally is higher than that of the ones being imported, it would be to the detriment of the locally produced food.”
Kuti-George canvassed for subsidies on the cost of production of locally produced food or off-take of their food.
He advised, “So, what the government can do in that instance, therefore, is to subsidise the cost of production of the locally produced food or off-take their food, buy it at the price that will give them profit, and then sell it in the market at lower prices. While it is good for the populace to have lower prices of food items, we have to think of how we are doing it.
“The long-term solution would be to boost local production of food items so that when it is available when there is supply, prices will normally come down. How that can be done is to subsidise agricultural inputs, provide modern technology for agriculture, and fund farmers massively through their cooperatives and associations.”
According to him, the issue of security is also on the front burner of what needs to be addressed by the Federal Government.
He added, “We must not forget the fact that the issue of security has to be taken care of. Even where farmers are ready to farm, where you have inputs supplied, where you have modern agricultural implements such as tractors and so on, if people cannot go to their farms, or they go to their farms and bring their cattle to graze, we still come back to the issue of food scarcity. So, this issue of security is very, very critical.
“I learned that President Tinubu is forming a Ministry of Livestock. Well, I do not understand the sense behind that, but I don’t see it solving the problem. What we need is to equip our military to go in there and deal with the situation.
“We can also put laws in place. If you graze your cattle on my land, there is a place to report, and action will be taken. By the time one, two, or three people are jailed or their animals seized, others will learn a lesson.”
Meanwhile, a member of the Nigerian Economic Summit Group, Dr Ikenna Nwosu, said it was not optimal to comment on an expressed intention.
He said, “When the Federal Government unfolds the measures for crashing the food prices, the duration of the intervention, and the plans for long-term food price control, then the appropriate evaluation will be undertaken, including socioeconomic implications and how the measures reflect the policy targets for food security set out in Nigeria’s Medium Term National Development Plan 2021-2025. For now, the public is simply listening to the Federal Government rhetoric, while awaiting the measures.”
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Breaking : TInubu appoints Bashir Ojulari as new CEO group of NNPC and GMD mele kyari get sacked, Says Onanuga
President Bola Tinubu has sacked the board of the Nigerian National Petroleum Company (NNPC) including its Group Chief Executive Officer, Mele Kyari and board chairman Pius Akinyelure.
The decision, effective April 2, 2025, was announced in a statement by presidential spokesperson Bayo Onanuga.
President Tinubu cited the need for enhanced operational efficiency, restored investor confidence, and a more commercially viable NNPC as the driving forces behind the decision.
Invoking his powers under Section 59(2) of the Petroleum Industry Act (PIA) 2021, he reconstituted the board with new leadership aimed at repositioning NNPC Limited for greater productivity and alignment with global best practices.
Kyari was first appointed NNPC chief by former President Muhammadu Buhari but was reappointed in 2023 by President Tinubu.
As part of the overhaul, Bayo Ojulari takes over from Kyari as the new group CEO, while Ahmadu Musa Kida has been appointed as NNPC’s new non-executive chairman, replacing Pius Akinyelure. Also, Adedapo Segun has been confirmed as the company’s chief financial officer (CFO).
In line with the PIA, the president also appointed six non-executive directors from each geopolitical zone.
They include Bello Rabiu representing the north-west, Yusuf Usman from the north-east, and Babs Omotowa, a former managing director of the Nigerian Liquefied Natural Gas (NLNG), for the north-central.
Others are Austin Avuru for the south-south, David Ige for the south-west, and Henry Obih for the south-east.
Meanwhile, Lydia Shehu Jafiya, the permanent secretary of the federal ministry of finance, and Aminu Said Ahmed of the ministry of petroleum resources will represent their respective ministries on the new board.
“This restructuring is aimed at repositioning NNPC Limited for greater productivity and efficiency in line with global best practices. We are taking bold steps to transform the company into a more commercially driven and transparent entity,” the statement reads.
The changes take effect immediately, and the new board has been handed a strategic action plan, which includes a “review of NNPC-operated and Joint Venture Assets to ensure alignment with value maximisation objectives”.
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Tinubu commended Nandap for her leadership, extends Comptroller-General tenure till 2026, says Onanuga
President Bola Tinubu has approved the extension of the tenure of the Comptroller-General of the Nigeria Immigration Service, Kemi Nandap, until December 31, 2026.
Nandap, who joined the NIS on October 9, 1989, was appointed as Comptroller-General on March 1, 2024, with an initial tenure set to end on August 31, 2025.
A statement by the president’s Special Adviser on Information and Strategy, Bayo Onanuga, on Monday, said for her leadership, noting improvements in border management, immigration modernisation, and national security under her watch.
“Under her leadership, the Nigeria Immigration Service has witnessed significant advancements in its core mandate, with notable improvements in border management, modernisation of immigration processes and national security measures.
“President Tinubu commended the Comptroller-General for her exemplary leadership and urged her to continue dedicating herself to the Service’s strategic priorities, which align with his administration’s Renewed Hope Agenda,” the statement read.
He also reaffirmed his commitment to supporting the NIS in safeguarding Nigeria’s borders and ensuring safe and legal migration.
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Update : Fubara ordered bombing of Rivers Assembly, I am not under duress I resigned, Says ex-Rivers HoS Nwaeke
• Says suspended gov plotted Tinubu’s downfall through pipeline bombings
• ‘Fubara ordered Ehie to pull down Assembly to avert impeachment’
• Nwaeke links Bala Mohammed to sinister plot against President
• Says emergency saved Rivers, Nigeria from major disaster
The immediate past Rivers State Head of Service, Dr. George Nwaeke, yesterday gave what appears to be yet the most revealing insider’s account of some of the events that culminated in the March 18 suspension of Governor Siminilayi Fubara and the state Assembly for six months.
Nwaeke, who claimed to have been an eyewitness to some of the actions taken by Fubara, spoke of how the suspended governor allegedly plotted the destruction of the State House of Assembly and economic sabotage to ensure the downfall of President Bola Tinubu.
Nwaeke, in a video press conference and a statement, claimed that Fubara masterminded the bombing of the state House of Assembly, using his Chief of Staff, Edison Ehie.
Nwaeke was appointed as head of service by Fubara.
He said he was prompted to set the records straight following “the loads of misinformation on print and electronic media.”
He said he was not sacked neither or pressured to resign but resigned “willingly from the depth of my heart.”
He said: ”However, as an insider and a key player in this administration by my position, who worked closely with Siminilayi Fubara, it will be unfair for me to keep silent or not to address some key factors that has affected or will affect our state if we continue on this trajectory.”
He thanked the President for “a swift intervention in Rivers State crisis, especially on the state of emergency that was declared and assented to by the National Assembly.”
He added: “You will recall that when the governor was suspended, as the head of service, I was the next in command. So I am not speaking from outside, I am speaking as an insider.
“If not for the intervention of Mr. President, Nigeria would have faced the worst economic sabotage and Rivers State would have been up in flames.
“First, it all started with the Rivers State House of Assembly where the Governor, Siminilayi Fubara, directed his Chief of Staff (Edison Ehie) to burn down the assembly in a way to avert his impeachment.
“That evening, Edison was in Government House with two other boys, including the former Chairman of Obio/Akpor LGA, one Chijioke. I was there with them when a bag of money was handed over to Edison for that operation, though I do not know the amount inside.
“I want to tell Rivers people today that the House of Assembly complex in Moscow Road was clearly brought down by Edison Ehie under the instructions of Governor Siminilayi Fubara, I challenge him to an open confrontation and I will throw more light on it.
“A day after that incident, I almost resigned, but I was very scared because I know the power of a sitting governor and he knew that I am aware of the whole plan and that I am discomforted with the unconscionable act and deliberate posture of innocence and mien of a sheep.”
He also alleged that another attempt was made to “destroy the residential quarters of the House of Assembly members.”
Continuing, he said: “If not for the press conference that was held there by Rivers youths, Rivers elders and National Assembly members, that would have been another barbaric demolition in Rivers State.
“I came to realise that they actually wanted to demolish that second building, because after some weeks, he personally told me that if he knew early, he would have gone to pull down their hall before visiting the residential quarters of the assembly, and that he didn’t actually know that they had such a beautiful hall where they are using now for their sitting.
“I was shocked and I asked myself how could a man that wants to lead his people be destroying his state assets and wasting public funds on a needless ego fight.”
Nwaeke appealed to critics of the declaration of emergency rule by President Tinubu to retract their statements, saying without the urgent intervention, a lot of things would have gone wrong in the state.
Such critics, according to him, ”are only seeing the surface. If the President did not take proactive step, no one knows who would have been affected by the sinister plans that were cooking.”
He asked the President “not to give up on Rivers State affairs because a lot is going on there with Governor Fubara.”
He said one of the factors that “got me removed was when Governor Fubara told me that they would use the Ijaw to decide who would become the next president of Nigeria, and I asked him how will that work? Is it by votes or by what means?”
On alleged plan to shoot down the second term of President Tinubu, Nwaeke said: “He clearly told me that he is the chief security officer of Rivers State and his brother is in charge of Bayelsa State, and all the pipelines are under their care; that at the appropriate time, they would tell the boys what to do, and fund was not an issue.
“That was why when he made that statement in his public function that “I will tell the boys what to do at the appropriate time” I knew something was up and perhaps the time was near.
“He boasted to be the ‘David that will bring down the Goliath of Rivers State.’ That he has the backing of the cream-de-la cream in the state.
“The plan was to start from non-Ijaw speaking areas to destroy oil facilities to remove attention from the Ijaw and make it have a statewide look. The Ogoni, Oyibo, Ahoda areas were to be bombed first before the Ijaw zones. This would have brought down the government of President Tinubu and usher in a new President from the coalition of political parties with a Vice President from the Ijaw.
“The media was to be captured by paying heavily for airtime and retaining the social media influencers and known social critics on their payroll.
“I am not unaware of what this revelation means, but I am doing this to free my conscience and warn those innocent persons that are used to sway public sentiment that there is more than meets the eye in the Rivers matter.
“Sometimes I slept over in Government House. But I started being uncomfortable when Governor Bala Mohammed and some other stakeholders started nocturnal visits to Rivers State.
“I recall after one of such visits he told me that he would support Bala Mohammed or any other northerner for president; that discussions were ongoing.
“Although I was not bothered about whom he supports, I was more concerned about the quantum of state resources that he releases to these visitors at each visit.”
Nwaeke asked the Nigeria Labour Congress (NLC) to call their Rivers labour leaders to order to avoid politicising labour in the state.
He said he was privy to several private meetings between the governor and labour leaders in the state and the largesse that accompanied each meeting to compromise the Labour Union.
“More worrisome is several meetings between the governor, his chief of staff and some militant leaders. The details of which meetings I was not privy to since I was not allowed into the meetings.
“However, each meeting ended with huge sums of money paid to attendees.”
He said Rivers people and the generality of Nigerians are “the beneficiary of the declaration of state of emergency rule in Rivers State and not Governor Fubara or Minister Wike.”
He stressed the need for the state’s Sole Administrator, Vice Admiral Ibok-Ete Ibas (rtd), to “step up his guards and be very vigilant, because I am aware of the sinister arrangement and dastardly plans to continue to hatch their plans if not put in check.”
He said: “This accounts for the organised media condemnations and seeming public outcry against Mr. President and National Assembly.
“Those who love democracy and humanity will always protect humanity and democracy. Mr. President, you have just protected democracy and humanity in Rivers State. I can now sleep with my conscience clear.”
Wike slams NBA for ‘hypocrisy’ on state of emergency
Federal Capital Territory (FCT) Minister Nyesom Wike yesterday faulted the Nigeria Bar Association’s (NBA) stance that the declaration of state of emergency in Rivers by President Bola Tinubu was unconstitutional and illegal.
Wike alleged that the NBA discredited Tinubu’s decision because the Rivers Government had promised to host its annual general conference.
The minister stated this when officials of the Body of Benchers, led by its Chairman, Chief Adegboyega Awomolo (SAN), visited him in Abuja.
He added that the association did not support the declaration of the state of emergency because there would be no money to give to the NBA for the conference.
“What kind of hypocrisy is this?” he queried.
The minister called on the Body of Benchers to call the NBA to order over the association’s unnecessary criticism of the judiciary.
He said that the body should not sit and watch, while the NBA and its members destroy the legal profession.
He said that some of the members of NBA, often without reading a judgement, go on national television to condemn the judgment and criticise the judges.
He said that such actions have continued with no sanction.
“If you don’t discipline somebody, nobody will learn any lesson.
“We shall no longer allow our profession to be pulled down. I cannot believe, as a lawyer, that you make a contribution to help the legal profession, and you will be criticised by your fellow lawyers.
“Sir, time has come that we need to say look, enough is enough. We cannot continue to discourage our judges and justices. It is not done anywhere.
“I have never seen where members of a profession are the ones that are bent on bringing the profession down,” he said.
The minister also accused the NBA of describing any support rendered by the executive arm of government to the judicial arm as a bribe.
Wike recalled that when NBA was building its National Secretariat, the leadership wrote to the executive for support, adding that nobody saw that as a bribe.
“I was the only one who contributed to the NBA to build the National Secretariat. The NBA didn’t see it as a bribe.
“When you contribute to the Body of Benchers, it is a bribe, but when you contribute to NBA, it is not a bribe, they will take it.
“The same NBA will rely on state governments to sponsor their activities, but when the state government supports the judiciary it is bribery,” he added.
Wike said that the constant taunting of judges and justices had made them to avoid attending social gatherings or going to church or mosque for fear of molestation.
He added that judges could no longer shake people’s hands freely because lawyers would accuse them of collecting bribes.
“It has gotten to the stage that our Judges are so scared of going to a mosque or church or even greeting somebody they know because of fear of bribery.
“They run away from shaking people’s hands because they will start accusing them of collecting bride. This must stop,” he said
The immediate past Rivers Head of Service, George Nwaeke, has denied claims by his wife, Florence, that he was kidnapped and under duress.
Nwaeke, who recently released chilling allegations against suspended Governor Siminalayi, said contrary to his wife’s emotional outbursts, he was safe in Abuja.
He disclosed that he went to Abuja to voluntarily report himself to security agencies over the ongoing crisis in Rivers State.
The former HoS spoke in a trending video released early hours of Saturday.
He insisted thatwife’s claim was false and suggested that she had been misled and given a script to read.
He said: “I am in Transcorp Abuja. I arrived this morning from Port Harcourt to meet security agencies and report myself, as well as the troubling events happening in Rivers State. I resigned as Head of Service on Monday because of these developments”.
Addressing his wife, he said: “I just saw a video of my wife trending. She was told I had been kidnapped and given a script to read. I want to make it clear—I am not kidnapped. I am in Abuja, working.
“When I was Head of Service, my wife was not involved in my official duties. That script she read is null and void. I am safe and sound. I will report myself to the appropriate security agencies because Abuja houses their headquarters, and I feel safer making my report here.”
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