Why cooking gas price rose from ₦1,300 to ₦2,000/kg in Nigeria amid festive demand
Professor Uche Uwaleke, wey be President of the Capital Market Academics of Nigeria, don raise serious alarm over the growing food crisis for Nigeria and call for urgent agricultural reforms.
Him talk say the warning from United Nations, wey show say about 35 million Nigerians fit face acute hunger between June and August 2026, no be something to ignore.According to am, this kind projection dey very disturbing for country wey get plenty agricultural potential.
Uwaleke explain say many factors dey cause the worsening food insecurity, including high inflation, insecurity for farming areas, climate change issues, fall of the naira value, and high cost of transportation.
Him still mention say removal of fuel subsidy and low purchasing power don make food less affordable for many Nigerians, especially vulnerable households.
Although government don try intervene through food imports and reduction of tariffs on some commodities like rice and palm oil, Uwaleke believe say these measures no go fully solve the problem if dem no invest more in local food production.Him emphasise say insecurity still dey stop farmers from going back to their farms, which dey affect food supply seriously.
He also advise government to support farmers with subsidies on fertilisers, better seedlings, and other farming inputs, especially as planting season dey approach.According to am, improving security for rural communities go help displaced farmers return to work.
Beyond short-term solutions, Uwaleke stress say Nigeria need long-term investments in irrigation systems, mechanised farming, storage facilities, rural infrastructure, and agricultural research.
Him conclude say food security no just be economic issue but also national security matter, wey require serious planning, proper funding, and consistent policies to avoid bigger humanitarian crisis.
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