• Home
  • News
  • Government
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Health
  • About Federal Character
  • Advertise With Us
Federal Character
No Result
View All Result
Federal Character
  • Home
  • News
  • Government
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Health
  • About Federal Character
  • Advertise With Us
No Result
View All Result
Federal Character
No Result
View All Result
Home Government
Can Food Prices Ever Crash in Nigeria?

Can Food Prices Ever Crash in Nigeria?

Eriki Joan UgunushebyEriki Joan Ugunushe
1 year ago
in Government
Reading Time: 3 mins read
A A
0
Facebook ShareWhatsapp ShareX Share

President Bola Tinubu has again promised Nigerians that his government is working to reduce food prices. He has directed a Federal Executive Council committee to move quickly and make sure farm produce can move safely across transport routes. The idea is that if goods move easily, logistics costs will reduce and prices will come down.

The Minister of State for Agriculture and Food Security, Senator Aliyu Sabi Abdullahi, explained this in Abuja during a workshop. He said the President’s order is part of a bigger plan for food sovereignty, which means not just producing enough food, but making sure it is affordable, accessible, and nutritious for the ordinary citizen.

Can Food Prices Ever Crash in Nigeria?

Table of Contents

Toggle
  • Why Food Prices Keep Rising
  • Can Tinubu’s Plan Work?
  • The Bigger Picture
  • Can Prices Ever Truly Crash?

Why Food Prices Keep Rising

Nigeria’s food crisis is not new. Every government promises cheaper food, but prices keep going up. The removal of fuel subsidy made things worse. Transporting goods from one state to another became more expensive, and insecurity on the highways makes it harder for farmers and traders to deliver their produce. When goods cannot move safely and cheaply, the costs fall on the final consumer.

Even when harvests are good, the price of food rarely comes down. Instead, traders often complain of multiple taxes, bad roads, and insecurity. By the time food moves from the farm to the market, the price has multiplied several times. This is why tomatoes, yam, and rice feel like luxury items to many households today.

Can Tinubu’s Plan Work?

The government says the safe passage plan and a Farmer Soil Health Scheme will help farmers produce more and reduce costs. There is also talk of a cooperative reform initiative to support rural farmers with resources and finance. These are important, but the question remains: will these measures be enough to make food prices crash?

History gives us reasons to doubt. Similar promises were made in past administrations, yet food inflation kept climbing. Nigeria’s problem is not just about production. It is also about storage, transport, insecurity, and even currency issues. A bag of maize might leave a farm at ₦15,000, but after storage problems, poor transport, and middlemen charges, it lands in the city at ₦45,000 or more.

The Bigger Picture

Tinubu has spoken about “Nigeria First” and food sovereignty, saying the country must learn to grow and eat what it produces. It is a fine speech, but speeches alone cannot reduce prices. Nigerians live in a country where insecurity still chases farmers from their land, where roads collapse under the weight of trucks, and where inflation makes the naira weaker every month. Without fixing these deeper issues, promises of cheaper food sound like recycled political talk.

Can Food Prices Ever Crash in Nigeria?

Can Prices Ever Truly Crash?

If by crash we mean going back to the prices of ten years ago, the answer is almost certainly no. Inflation does not work that way. Prices rarely fall in Nigeria; they only slow down in how fast they climb. At best, government can stabilise prices, make food more available, and reduce the rate at which prices rise. That alone will feel like relief for many households.

For now, Nigerians will continue to hear about committees, schemes, and reforms. But until they see pepper, yam, rice, and bread sold at prices that do not swallow half of their salaries, all these plans will remain words on paper. The hard truth is that food prices in Nigeria may never “crash” in the way people hope, unless the government tackles insecurity, transportation, storage, and inflation together.

Tags: federal characterFood pricesgovernmentNigeria
Share234SendTweet146
Eriki Joan Ugunushe

Eriki Joan Ugunushe

Eriki Joan Ugunushe is a dedicated news writer and an aspiring entertainment and media lawyer. Graduated from the University of Ibadan, she combines her legal acumen with a passion for writing to craft compelling news stories.Eriki's commitment to effective communication shines through her participation in the Jobberman soft skills training, where she honed her abilities to overcome communication barriers, embrace the email culture, and provide and receive constructive feedback. She has also nurtured her creativity skills, understanding how creativity fosters critical thinking—a valuable asset in both writing and law.

Related Stories

From Las Vegas To Hong Kong: Baltimore Approves Over $1.5m For Employee Travel

From Las Vegas To Hong Kong: Baltimore Approves Over $1.5m For Employee Travel

byAyobami Owolabi
0

Baltimore has spent more than $1.5 million this year on employee travel for conferences and training programmes, with approved trips taking workers to destinations such as Hong Kong,...

Germany Backs ICC as US Plans Full Sanctions to Dismantle Court

Germany Backs ICC as US Plans Full Sanctions to Dismantle Court

bySomto Nwanolue
0

Germany's foreign minister visited the International Criminal Court on Monday, pledging sustained support as the Trump administration prepares sweeping sanctions designed to cut the court off from the...

Court Weighs Criminal Contempt Case Against Kristi Noem

Court Weighs Criminal Contempt Case Against Kristi Noem

bySomto Nwanolue
0

A federal appeals court is set to consider Tuesday whether a criminal contempt inquiry into the Trump administration can proceed over the deportation of Venezuelan migrants to El...

​MAGA Right Pushes to Cancel Final Jan. 6 Pipe Bomb Trial

​MAGA Right Pushes to Cancel Final Jan. 6 Pipe Bomb Trial

byEriki Joan Ugunushe
0

​A battle is brewing within conservative circles as the MAGA right mounts a coordinated campaign to shut down the Jan. 6 pipe bomb trial involving Brian Cole Jr....

Next Post
FBI Iran Drone Threat Alert Based on One Tip — Was America Misled?

How Can Fired FBI Agents Sue a Government Official Like Kash Patel?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Federal Character

We bring to you precise and factual news.
Towson, Baltimore, Maryland, USA

Recent Posts

  • ​U.S. Strategic Petroleum Reserve Hits Lowest Level Since 1982
  • Three Teens Charged as Adults in Towson Armed Carjacking
  • Trucking CEO Dismisses Nationwide Strike Rumors as Diesel Hits $6.57

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Sports
  • Tech

Weekly Newsletter

  • Home
  • About Federal Character
  • Advertise With Us
  • Cookie Policy
  • Sitemap

Copyright © FederalCharacter.com 2026 .

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • Government
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Health
  • About Federal Character
  • Advertise With Us

Copyright © FederalCharacter.com 2026 .