• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Wednesday, June 4, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Nigeria’s new measures will crash food prices

Food

The Matters Press by The Matters Press
July 13, 2024
Reading Time: 2 mins read
0
Nigeria, WFP worry over food situation

The Tinubu Media Volunteers (TMV) has described the new measures taken by President Bola Ahmed Tinubu to drive down inflation of food prices as radical and proactive adding that they will soon bear fruits.

RELATED POSTS

FCT ground rent!: Check your name if you own property

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

IMPI urges media to consider national interest in reporting security challenges

In a statement signed by its Chairman Chukwudi Enekwechi and Secretary Sunday Shedrach Gyungoun, the group argued that the new measures will stem the tide of inflation and help to drive down the prices of food.

The group lauded the bold initiative to temporarily lift import duties on certain food items, saying that it is the right step in the right direction.

The statement partly read : “We, the Tinubu Media Volunteers have reviewed the proactive measures being taken by the administration aimed at taming food inflation in the country and concluded that they are in the best interest of the populace.

“These measures which include suspension of duties, tariffs and taxes on the importation of food commodities like wheat, maize, cowpeas, and husked-brown rice, we believe, if well implemented, would definitely bring down prices of food items in the country.

“We also note that President Tinubu thought about and took these measures as he himself characteristically has genuine concerns and interests in masses welfare as well as farmers.

“The measures which are meant to fill the yawning gap in food production in the country will last for a period of 150 days during which the local farmers are expected to raise their production level.

“It is expected that the intervention of the Tinubu administration to reduce the inflationary trend in the food sector will lead to the importation of 250,000 metric tonnes of wheat and 250,000 metric tonnes of maize.

“For us, these proactive interventions depict the government as responsible and responsive to the yearnings of the people.

“We are of the strong opinion that in the final analysis, these measures will address the issue of food insecurity in a very short while.

“We also acknowledge that the position of the federal government to adopt recommended retail prices’ for the imported food items will go a long way to make the food items available and affordable to Nigerians.

“We are convinced that this control measure will check the excesses of shylock middlemen that may want to take advantage of the situation.”

The pro-Tinubu group urged Nigerians to see the move as a necessary one to address the food crisis in the country and advised them to continue to lend support to the federal government.

Tags: food
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Property owners besiege FCT office to pay ground rent
Economy/Technology

FCT ground rent!: Check your name if you own property

June 3, 2025
News

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

June 3, 2025
Economic implications of Niger coup to Nigeria, ECOWAS
Economy/Technology

IMPI urges media to consider national interest in reporting security challenges

June 3, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
News

Malami’s opposition to Tinubu’s endorsement self-indicting – TDF

June 3, 2025
President Tinubu outlines new economic, monetary, foreign policies
Economy/Technology

CUPP goofs over President Tinubu’s 2027 endorsement by governors

June 2, 2025
Senate probes $3.5b with NNPC
Economy/Technology

Senate’s stance on Nigeria’s Legislature-Executive Relationship, thrilling

May 30, 2025
Next Post
China’s agricultural wholesale products prices continue to drop

Agricultural mechanisation plan, other initiatives will guarantee food security in Nigeria - TMSG

Ndume’s position on Tinubu is self serving blackmail-IMPI

Ndume's position on Tinubu is self serving blackmail-IMPI

Recommended Stories

NBS reports increase in Inflation

Industrialists, entrepreneurs task Nigeria on strategies to tackle inflation

August 15, 2022
Ex-MAN chairman calls for more incentives to manufacturers

MAN, others explore innovation, technology to boost Africa’s manufacturing

November 7, 2023
Coronavirus hits hard as China records 811 deaths

Chinese market remains attractive to foreign investment

September 14, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • FCT ground rent!: Check your name if you own property
  • Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,
  • IMPI urges media to consider national interest in reporting security challenges

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

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
Call Us