• About
  • Advertise
  • Careers
  • Contact
Monday, July 7, 2025
  • Login
No Result
View All Result
NEWSLETTER
Reporters At Large
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us
No Result
View All Result
Reporters At Large
No Result
View All Result
Home Featured

Why Food Prices Are Rising —FG Taskforce

by ReportersAtLarge
February 3, 2017
in Featured, News
Reading Time: 2 mins read
0
Vice President Yemi Osinbajo

Vice President Yemi Osinbajo

Share on WhatsappShare on FacebookShare on TwitterShare on Linkedin

THE taskforce set up to identify causes of soaring food prices in the country and exploring ways to bring them down has blamed the situation on poor road infrastructure, multiple taxation among others.

Rising from its maiden meeting presided over by acting President Yemi Osinbajo at Aguda House, his official residence in Abuja on Friday; the task force raised a technical sub group to draw up an action plan to tackle the problem.

According to a statement issued by Senior Special Assistant to the Vice President on media and publicity, Friday’s meeting focused on gaining full understanding of the factors responsible for the rising prices of staple food stuff despite number harvests in some farms.

ADVERTISEMENT

It said government believes that it can intervene to resolve some of the bottlenecks contributing to the increase in prices.

The statement said: “The taskforce on food security constituted by the Federal Executive Council on Wednesday, February 1, 2017, had its inaugural meeting this morning.

RelatedPosts

PEAC/PFIPC Is A Boost For Nigeria’s Economy – McDons Hotel Boss, Dr. Akweke

Stakeholders Urge Sharing Of Community Experiences On Climate Change Impacts

Court Affirms Senate’s Right To Suspend Natasha

“At the meeting presided over by the Ag President, the taskforce focused on gaining a full understanding of all factors that contribute to unduly high food prices, especially at urban markets throughout the country.

“It also considered the ways and means of urgently ameliorating the situation, particularly by addressing issues of affordability and availability.

“In particular, it identified some key staple foods and the factors that were most likely driving high food prices in some parts of the country, despite bumper harvests at many farms.

“Some of the factors identified in this regard include: the poor state of rural infrastructure like roads; multiple revenue collecting points on the highways; and inadequacy of distribution networks-all of which contribute, among other things to high transportation costs.

“Against this background, the taskforce felt that government could most usefully intervene by resolving such bottlenecks.

“It also felt it important to clarify that the assignment of the taskforce is not about government intervening directly in the market for staple foods either though purchases or price fixing.

“The taskforce will be coordinating various MDAs and working closely with the private sector to explore ways and means of overcoming some of the supply bottlenecks in the short term, while also reinforcing ongoing medium and long-term solutions including improving supplies and providing better storage.

“A more technical subgroup of the taskforce is now drawing up a draft plan of action for further consideration.”

The taskforce set up last Wednesday, is made up of Minister of Agriculture & Rural Development, Audu Ogbeh; Minister of Finance, Mrs Kemi Adeosun; Minister of Industry, Trade & Development, Okey Enelamah; Minister of Transportation, Rotimi Amaechi; Minister for Water Resources, Suleiman Adamu and Minister of Labour & Employment, Chris Ngige.

It was given one week to submit its preliminary report.

Tags: apcNigeria
SendShareTweetShare
ReportersAtLarge

ReportersAtLarge

Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

More

Chairman CEO of McDons Skye Hotel Dr Modestus Chigo Akweke
News

PEAC/PFIPC Is A Boost For Nigeria’s Economy – McDons Hotel Boss, Dr. Akweke

by ReportersAtLarge
July 5, 2025
0

"The participation of the PEAC/PFIPC at FHS Africa was a true reflection of the council's focus on attracting and facilitating...

Read moreDetails
Climate Change in Nigeria
News

Stakeholders Urge Sharing Of Community Experiences On Climate Change Impacts

by ReportersAtLarge
July 4, 2025
0

Stakeholders at the Inception and Discovery Meeting for Climate Equity Project in Nigeria have underscored the amplification of personal experiences...

Read moreDetails
Natasha Akpoti
News

Court Affirms Senate’s Right To Suspend Natasha

by ReportersAtLarge
July 4, 2025
0

The Federal High Court in Abuja on Friday found the senator representing Kogi Central Senatorial District, Natasha Akpoti-Uduaghan, guilty of...

Read moreDetails
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Otunba Christopher Adebayo Alao-Akala

Alao-Akala: Family Debunks Feb 18 Burial Date, Says No Official Date Yet

3 years ago
Jumoke Akindele-Ajulo

Ondo’s First Female Speaker Gives Birth At 54

2 years ago

Popular News

  • Ooni Of Ife Celebrates Akogun Tola Adeniyi At 80, Says He’s A Towering Iroko In Nigeria’s Media Landscape

    0 shares
    Share 0 Tweet 0
  • Makinde, Senator Alli Celebrate Olubadan On 90th Birthday, First Coronation

    0 shares
    Share 0 Tweet 0
  • PEAC/PFIPC Is A Boost For Nigeria’s Economy – McDons Hotel Boss, Dr. Akweke

    0 shares
    Share 0 Tweet 0
  • Ogidan’Birin Set To Launch WADEN At Akungba Day 2025

    0 shares
    Share 0 Tweet 0
  • Stakeholders Urge Sharing Of Community Experiences On Climate Change Impacts

    0 shares
    Share 0 Tweet 0

Connect with us

ADVERTISEMENT

About Us

Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

With a high level of professionalism, fairness, objectivity, accuracy and speed, we publish Breaking News Nigeria Today Headlines and International news on Politics, Tourism and Travel, Entertainment, Sports, Business Lifestyle and Sports.

Category

  • Auto Trend
  • Breaking Bones
  • Business
  • Columns
  • Entertainment
  • Featured
  • For The Record
  • Health
  • Innovation
  • Lifestyle
  • Metro
  • News
  • Opinion
  • People & Events
  • Politics
  • Press Releases
  • Science & Technology
  • Sponsored
  • Sport
  • Tourism & Culture
  • Video
  • Video News
  • WorldNews

Recent Posts

  • Ooni Of Ife Celebrates Akogun Tola Adeniyi At 80, Says He’s A Towering Iroko In Nigeria’s Media Landscape July 6, 2025
  • Makinde, Senator Alli Celebrate Olubadan On 90th Birthday, First Coronation July 5, 2025
  • PEAC/PFIPC Is A Boost For Nigeria’s Economy – McDons Hotel Boss, Dr. Akweke July 5, 2025
  • Ogidan’Birin Set To Launch WADEN At Akungba Day 2025 July 4, 2025
  • Stakeholders Urge Sharing Of Community Experiences On Climate Change Impacts July 4, 2025
February 2017
SMTWTFS
 1234
567891011
12131415161718
19202122232425
262728 
« Jan   Mar »
  • Home
  • News
  • Business
  • Politics
  • Tourism
  • Lifestyle
  • RAL TV
  • More

© 2016-2024 RAL - Guided by professionalism

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
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us

© 2016-2024 RAL - Guided by professionalism

Verified by MonsterInsights