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Muhammadu Buhari, the President of the Federal Republic of Nigeria has revealed some plans to reduce the upward scaling high food prices in the market.
The President noted this on his official twitter account earlier this morning, stating that he is aware of the skyrocketed prices in the current costs of food prices.
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And to that effect he said, “To ease the current high cost of poultry production, I have approved the release of 30,000 tons of maize from the national reserves, to animal feed producers.”
Furthermore, Buhari emphasized that; “we are very mindful of the challenge of high food prices, at a time when the economy is already in a slowdown caused by the global coronavirus situation, and are doing everything in our power to bring down the prices of food items across the country.”
President Buhari further assures well-meaning Nigerians that the situation of spiralling food prices will be a transient one.
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Actions are being taken and put in place according to the President to tackle the situation. “we are also engaging with food producers association and groups to tackle the issue of exploitative behaviour by middlemen and other actors, which is one of the factors responsible for the high food prices being experienced”, Buhari concluded.
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OgaCEO, can authoritatively confirmed that a lot of Nigerians are not happy with the current economic reality in the country, and that the living condition is not experiencing any hope for a better life, given that fuel prices has also gone up to a retail price of N160 within the past 24 hours.
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