ASSETS & FINANCIALS

FG’ll bring down prices of food products –Minister

FG’ll bring down prices of food products –Minister
Minister of Agriculture and Rural Development, Mohammed Abubakar

 

The Minister of Agriculture, Muhammad Abubakar, on Thursday, said the Federal Government was working towards bringing down prices of food commodities.

He said Nigeria was going into intensive dry-season farming, beginning from December, to ensure continuous production of food.

Abubakar said this in Abuja on Thursday when he appeared before the House of Representatives Committee on Agriculture Colleges, Research Institutes and Universities to defend the budget proposed by the ministry in the 2023 Appropriation Bill.

The minister pointed out that food security was more critical to the people than other forms of security. “Without food, we have issues.

“There is a slight elevation of commodities. That is a world phenomenon, but we are doing everything on our own to see what we can do to bring down the prices,” he stated.

Chairman of the committee, Munir Dan-Agundi said, “We have intervened to solve problems associated with budget implementation in some agencies during our oversight visits to the agencies some weeks ago.

‘The committee was generally impressed with the performance of the budget and has drawn the attention of some CEOs where some inadequacies and flaws associated with procurement were observed.”

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