By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Tuesday, Apr 7, 2026
9News Nigeria
  • HOME
  • EDITORIAL
  • POLITICS
  • NATIONAL
  • SPORTS
  • WORLD
  • BUSINESS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
9News Nigeria9News Nigeria
Font ResizerAa
Search
  • Editorial
    • OPINION
  • Politics
  • National
    • Breaking News
    • Boko Haram
    • Crime and Investigation
    • Ohanaeze Ndigbo
  • Business
    • Nigerian economy
    • Investment
    • Finance
  • Sports
  • Entertainment
    • Celebrity
    • Entertainment and lifestyle
    • Hollywood
  • World
    • Africa
    • Asia News
    • Australia
    • Europe
  • About Us
    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us
Follow US
Latest News

FG Has Unveiled Plans To Regulate High Food Prices Across The Country

Princely Onyenwe
Last updated: July 8, 2024 9:15 pm
By Princely Onyenwe
Share
4 Min Read
SHARE

The Federal Ministry of Agriculture and Food Security in Nigeria made open formulas to improve on this sector and provide massive foods to check high food prices in Nigeria.

On this therefore, President Bola Tinubu Administration has officially unveiled these measures to Overcome High Food Prices across the country: Read details:

  • A 150-day Duty-Free Import Window for Food Commodities:

a. suspension of duties, tariffs and taxes for the importation of certain food commodities (through
land and sea borders)
b. These commodities include Maize, Husked Brown Rice, Wheat and Cowpeas.
c. Imported food commodities will be subjected to a Recommended Retail
Price (RRP).
*** The government would not compromise the safety of
the various food items for consumption.

  • In addition to the importation by the private sector, the Federal Government will import 250,000MT of Wheat
    and 250,000MT of Maize. The imported food commodities in their semi-processed state will target
    supplies to the small-scale processors and millers across the country.
  • Government to engage relevant stakeholders to set a Guaranteed Minimum Price (GMP) and mop up surplus assorted food commodities to restock the National Strategic Food Reserve.
  • Continuous ramp-up production for the 2024/2025 farming cycle:
    a. sustained support to smallholder farmers in the ongoing wet season farming through existing
    government initiatives.
    b. strengthen and accelerate Dry Season Farming across the country.
    c. embark on aggressive agricultural mechanization and development to reduce drudgery, drive
    down the cost of production and boost productivity.
    d. collaborate with Sub-National to identify irrigable lands and increase land under cultivation.
    e. work closely with the Federal Ministry of Water Resources and Sanitation, to rehabilitate and
    maintain irrigation facilities under river basin authorities across the federation.
    f. development of a strategic engagement for youth and women across the federation for
    immediate greenhouse cultivation of horticultural crops such as tomatoes and pepper to increase production volume, stabilize prices, and address food shortages.
    g. Federal Government to fast-track ongoing engagements with the Nigerian Military to rapidly cultivate arable lands under the Defence Farms Scheme while encouraging other Para-Military establishments to put secured available arable lands for cultivation.
  • The Renewed Hope National Livestock Transformation Implementation Committee will be
    inaugurated on Tuesday, 9th July 2024 to develop and implement policies that prioritize livestock development and ensure alignment with the National Livestock Transformation Plan initiated by the past administration.
  • Government to enhance Nutrition Security through:
    a. the promotion of production of fortified food commodities and
    b. offer necessary support to scale up the Home Garden Initiative by the Office of The First Lady of the Federal Republic of Nigeria.
  • Over the next 14 days, in close collaboration with the Presidential Food Systems Coordinating Unit
    (PFSCU) and the Economic Management Team (EMT), the Ministry of Agriculture and Food Security will convene with the respective Agencies to finalize the implementation frameworks.
  • The PFSCU will manage a
    dashboard for Mr. President, providing him with direct visibility into these interventions and ensuring
    accountability.

These measures will be implemented over the next 180 days and information will be publicly available to facilitate the participation of all relevant stakeholders across the country as 9News reports.

As accolades continue to grows higher in support of this noble food project, Some people won’t like this since President Tinubu’s Government is actually the best Nigerians have experienced in a long time after Yar’adua.

The project is target driving, now the planting season is on. Nigerians are praying to see it benefits manifest immediately as promised by the President.

Cameroon’s Biya appoints son as Vice President, Defence Minister
Ogun Airport Commissioned: Real Work Begins on Economic Growth
Imo Douglas House Is Inundated With Freeloaders Scrambling To Be Governors
Eastern Waste Management Admits Failure, Blames Government Poor Funding

-Princely Onyenwe reporting

For inquiries on this news contact 9News Nigeria @08036856526

author avatar
Princely Onyenwe
Princely Onyenwe A seasoned Investigative Journalist, Civil Rights Activist, and Political Analyst, Currently Editor and News reporter with 9News Nigeria www.9newsng.com www.facebook.com/9newsng
See Full Bio
Share This Article
Facebook Whatsapp Whatsapp Copy Link
What do you think?
Love0
Sad0
Happy0
Surprise0
Angry0
ByPrincely Onyenwe
Follow:
Princely Onyenwe A seasoned Investigative Journalist, Civil Rights Activist, and Political Analyst, Currently Editor and News reporter with 9News Nigeria www.9newsng.com www.facebook.com/9newsng
Previous Article FAAC Details Of Revenue Distribution In May 2024 Across Nigerian States Released
Next Article Man Climbs Abuja Mast, Demands Govt Action On National Issues
Search
– Advertisement –
Latest News
  • Bank Vault: The Tragedy Of Nigerian Banking Sector April 6, 2026
  • OPSPF Inaugurates National Leadership, Calls For Unity And Grassroots Development April 6, 2026
  • Orashi State Agitation Gains Momentum As Group Pushes For Unity, Development Across SE/SS April 6, 2026
  • Cameroon’s Biya appoints son as Vice President, Defence Minister April 6, 2026
  • Man arrested in Yobe over conflicting identity, suspicious possessions April 6, 2026
  • Heroes of unity: Jos communities rewarded for protecting lives across religious lines April 5, 2026
  • Easter Horror: Gunmen Attack Kaduna Churches Kill Seven, Abduct Others April 5, 2026
  • Trump Threatens Tuesday ‘Hell’ for Iran Over Straight of Hormuz April 5, 2026
  • A Tribute to Excellence: Honoring Chief Mrs. Florence Ajimobi April 5, 2026
  • US Rescues Second Airman After Iran Downs F-15 Fighter Jet April 5, 2026
– Advertisement –
9News Nigeria
  • Editorial
  • OPINION
  • Inspiration
  • Investigative Reports
  • Featured
  • Interviews
  • About Us
  • Terms And Conditions
  • Privacy Policy
  • Contact Us
World News
  • Africa
  • African Politics
  • Aviation News
  • Australia
  • Global Economy
  • Europe
  • Global Economy
  • Asia News
  • Middle East
  • World
  • World Politics
  • USA
  • USA Politics
News Categories
  • Breaking News
  • National
  • Politics
  • Business
  • Sports
  • Health
  • Crime and Investigation
  • Nigeria Police
  • Nigerian Military
  • Biafra
  • ODUDUWA
  • Ohanaeze
  • Boko Haram
  • National Assembly
  • National History
  • Sober House
  • National Security
Entertainment and Lifestyle
  • Entertainment
  • Entertainment and lifestyle
  • Nollywood
  • Lifestyle
  • Hollywood
  • Celebrity
  • Celebrity Gist
  • Celebrity Gossip
  • Events
  • Family & Relationships
  • Relationship Extra
  • Relationships

You May also Like

Latest News

Governor 2027: The Evolving Political Narrative Surrounding Chief Martin Agbaso

April 3, 2026
APC National Chairman Nentawe Yilwatda
Hot NewsLatest News

APC Chairman meets Bala Mohammed as PDP crisis worsens

April 1, 2026
Latest News

BREAKING: UNIBUJA Law student, Ayebanoa arrested over the alleged rape of a 100-level student

April 1, 2026
Latest News

Arise ‘Renewed Hope’ Initiative Unleashes Northern Political Machinery

March 31, 2026
Latest News

2027: APC female deputy governors push for one female governor per zone

March 28, 2026
Latest News

What happened to me is destiny from God – El-Rufai tells supporters during condolence visit

March 28, 2026
Show More
  • More News:
  • Europe News
  • National News
  • Politics
  • 9News Nigeria - Nigeria Breaking News
  • Nigeria Politics
  • Sports
  • Imo state
  • Opinion
  • Events
  • National Security
  • Editorial
  • Inspiration
  • Trending news
  • Bible Messages
  • Religion
  • Jesus Christ the saviour
  • The Love of God
  • World News
  • Business
  • Crime and Investigation

9NEWS NIGERIA

  • Editorial
  • OPINION
  • Inspiration
  • Investigative Reports
  • Featured
  • Interviews
  • About Us
  • Terms And Conditions
  • Privacy Policy
  • Contact Us

NEWS CATEGORIES

  • Breaking News
  • National
  • Politics
  • Business
  • Sports
  • Health
  • Crime and Investigation
  • Nigeria Police
  • Nigerian Military
  • Biafra
  • ODUDUWA
  • Ohanaeze
  • Boko Haram
  • National Assembly
  • National History
  • National Security

WORLD NEWS

  • Africa
  • African Politics
  • Aviation News
  • Australia
  • Global Economy
  • Europe
  • Asia News
  • Middle East
  • World
  • World Politics
  • USA
  • USA Politics

ENTERTAINMENT AND LIFESTYLE

  • Entertainment
  • Entertainment and lifestyle
  • Nollywood
  • Lifestyle
  • Hollywood
  • Celebrity
  • Celebrity Gist
  • Celebrity Gossip
  • Events
  • Family & Relationships
  • Relationship Extra
  • Relationships
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?