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By Chinyere Anyanwu [email protected]
The Federal Government said it plans to release grains and fertilisers to farmers to cushion the effects of subsidy removal.
This was revealed by the Vice President, Mr. Kashim Shettima, while representing President Bola Tinibu, at the recently concluded United Nations Food Systems Summit in Rome, Italy.
Shettima who said this was one of the government’s strategy to address the impact of subsidy removal on food security, emphasised that immediate action has been taken to utilise grains and fertilisers to mitigate the effects of the subsidy removal.
According to him, the government plans to establish a commodity marketing system to continuously review and monitor food item prices.
Addressing the nation’s diversity and potential, Shettima acknowledged that Nigeria is home to a significant population, with projections indicating it could become the third most populous country globally by 2050.He emphasised the need to turn this anticipated demographic surge into a democratic dividend rather than a disaster.
He further stated that to achieve this, “the government is committed to investing in agriculture and increasing yields, as entrepreneurial capitalism is deeply ingrained in the average Nigerian psyche.”
Shettima, while recognising the challenges faced by a significant portion of the population living in multi-dimensional poverty, expressed the government’s determination to reposition the nation, enhance food production and provide livelihood support to Nigerians.
