Nigerian Senate Calls For Immediate Action On Growing Food Insecurity Concerns

Nigerian Senate Calls For Immediate Action On Growing Food Insecurity Concerns

The Senate has called on the Federal Government to urgently implement measures to address the looming food insecurity in Nigeria. This resolution followed a motion during plenary sponsored by Senators Sunday Karimi and Ali Ndume, highlighting the sharp increase in prices of essential goods and household consumables, which have reached unprecedented levels in recent months. They cited data from the National Bureau of Statistics showing that food inflation has risen sharply to 40.66% year-on-year, up from 24.82% in May 2023………. CONTINUE READING

Karimi emphasized that factors such as insecurity in food-producing regions, poor infrastructure, higher transportation costs, and currency depreciation have contributed to these price hikes. He also pointed out the role of market exploitation and profiteering by traders and retailers, who he accused of capitalizing on the situation to maximize profits, attributing this behavior to a societal ethos of prioritizing personal gain over communal welfare.

The Senate further urged the government to outline specific measures to combat food insecurity and address the exploitation in markets, stressing the need for immediate action to mitigate the adverse effects on the majority of Nigerians’ living conditions.