• Contact Us
  • About Us
Wednesday, October 7, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

Why Food Prices Are On The Rise, Buhari, Claims 71% Nigerians Have Access To Portable Water 

metro by metro
October 1, 2021
in Economy
0
0
SHARES
0
VIEWS

 

Read Also

South Africa Raises Interest Rate, Citing Iran War Price Shocks

Corporate Finance Chiefs Lift Inflation Outlook, Cite Rates As Concern – Fed Survey

CBN In Rate Cut Bind As US Fed Official Signals More Hikes On Inflation Surge

Despite glaring reasons for the continued rise in prices of food items, ocassioned by insecurity which have displaced and stopped farmers from their farmlands, president Buhari has equally identified only middlemen as responsible for the growing impoverishment of Nigerians and looming food Scarcity.

 

Buhari, addressing the nation to commomerate the nation’s 61st anniversary said despite significant involvement of private sector in agriculture in particular, food prices have been going up due to artificial shortages created by middlemen.

 

Also, despite prevalent boreholes in most homes, he also claimed that between 2015 and 2020, 71 percent of Nigerians now have access to portable water.

 

The implication, according to the President is that 12.5 million additional Nigerians now have direct access to potable water.

 

“The water projects we completed between 2015 to 2020 have improved Nigerian’s access to potable water to 71% between 2015 and 2020. This means 12.5 million additional Nigerians now have direct access to potable water

 

However, he admitted that despite efforts of his government to make food available and at affordable prices, hunger has continued to take toll on many Nigerians.

 

His words: “We have seen significant private sector investments in almost all areas of the agricultural value chain. And these have continued even during the COVID-19 pandemic.

 

”Unfortunately, as our food production capacity has increased, food prices have been going up due to artificial shortages created by middlemen who have been buying and hoarding these essential commodities for profiteering.“

 

To remedy the situation, Buhari said all relevant agencies have been directed to swing into action save the situation.

 

”To address this, I am hereby directing the Ministry of Agriculture and Rural Development to rehabilitate the National Food Reserve Agency and also work with security agencies, the Nigerian Commodity Exchange, and the National Assembly to find a lasting solution to these disruptive and unpatriotic hoarding activities.

 

“To further enhance food production, we have completed several new dams and are in the process of rehabilitating several River Basin Development Authorities to enhance groundwater supply for rainfed agriculture as well as surface water for irrigation agriculture.

 

hy Food Prices Are On The Rise, Buhari, Claims 71% Nigerians Have Access To Portable Water

Despite glaring reasons for the continued rise in prices of food items, ocassioned by insecurity which have displaced and stopped farmers from their farmlands, president Buhari has equally identified only middlemen as responsible for the growing impoverishment of Nigerians and looming food Scarcity.

Buhari, addressing the nation to commomerate the nation’s 61st anniversary said despite significant involvement of private sector in agriculture in particular, food prices have been going up due to artificial shortages created by middlemen.

Also, despite prevalent boreholes in most homes, he also claimed that between 2015 and 2020, 71 percent of Nigerians now have access to portable water.

The implication, according to the President is that 12.5 million additional Nigerians now have direct access to potable water.

“The water projects we completed between 2015 to 2020 have improved Nigerian’s access to potable water to 71% between 2015 and 2020. This means 12.5 million additional Nigerians now have direct access to potable water

However, he admitted that despite efforts of his government to make food available and at affordable prices, hunger has continued to take toll on many Nigerians.

His words: “We have seen significant private sector investments in almost all areas of the agricultural value chain. And these have continued even during the COVID-19 pandemic.

”Unfortunately, as our food production capacity has increased, food prices have been going up due to artificial shortages created by middlemen who have been buying and hoarding these essential commodities for profiteering.“

To remedy the situation, Buhari said all relevant agencies have been directed to swing into action save the situation.

”To address this, I am hereby directing the Ministry of Agriculture and Rural Development to rehabilitate the National Food Reserve Agency and also work with security agencies, the Nigerian Commodity Exchange, and the National Assembly to find a lasting solution to these disruptive and unpatriotic hoarding activities.

“To further enhance food production, we have completed several new dams and are in the process of rehabilitating several River Basin Development Authorities to enhance groundwater supply for rainfed agriculture as well as surface water for irrigation agriculture.

Previous Post

Past 18 Months, Most Difficult Periods In History Of Nigeria, Buhari, Says No More Period Of Heightened Challenges Since Civil War, Salutes Military 

Next Post

Twitter Reacts To Buhari’s Conditional Lifting Of Four -Month Ban

Related Posts

South Africa Raises Interest Rate, Citing Iran War Price Shocks
Economy

South Africa Raises Interest Rate, Citing Iran War Price Shocks

September 23, 2026
Corporate Finance Chiefs Lift Inflation Outlook, Cite Rates As Concern – Fed Survey
Economy

Corporate Finance Chiefs Lift Inflation Outlook, Cite Rates As Concern – Fed Survey

September 23, 2026
Whiplash: How Trump’s Threat To Strike Nigeria Further Reshuffles Pentagon Priorities 
Economy

CBN In Rate Cut Bind As US Fed Official Signals More Hikes On Inflation Surge

September 22, 2026
FG Moves To Correct Implementation Ambiguities, Consequences Of VAT, Others Ahead Of 2027 Finance Bill
Economy

FG Moves To Correct Implementation Ambiguities, Consequences Of VAT, Others Ahead Of 2027 Finance Bill

September 18, 2026
Next Post

Twitter Reacts To Buhari’s Conditional Lifting Of Four -Month Ban

WFP strongly condemns attack on trucks in South Kordofan, killing one driver

October 6, 2026

Investing in Better Jobs, Faster Growth: New World Bank Group Report Helps Chart a Path to Poverty Reduction in Tanzania

October 5, 2026

Invest Qatar, Aurion Capital and LG NOVA engage to advance technology investments and venture building in Qatar

October 2, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

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
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version