FG to release food items from Reserves to crash prices

The Federal Government yesterday moved to stem rising food prices in the country by directing the Special Presidential Committee on Emergency Food Intervention to immediately wade in .


Assuring Nigerians that there was no food shortage, the government alleged that saboteurs were capitalising on Naira’s depreciation to escalate the cost of food items.

Femi Gbajabiamila, chief of staff to President Bola Tinubu and National Security Adviser Nuhu Ribadu convened the meeting at the behest of the President.

Placard-carrying women and youths had on Monday taken to a major road in Minna, Niger State protesting the high cost of foodstuffs.

The protesters called on the political officeholders to save them from hunger.

However, Governor Umar Bago, alleged sabotage by a cartel which he accused of mopping up foodstuffs in order to cause hike in prices.

Bago, who said the Federal Government was aware of the activities of the cartel, alleged that the aim of its members was to cause hunger and incite the people.

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