FG Sets Up Task Force on Food Prices Regulation

By Modupe Gbadeyanka

The President Muhammadu Buhari led administration has constituted a task force to ensure prices of food items in the market are reduced.

Inaugurating the panel on Wednesday in Abuja, the Acting President, Mr Yemi Osinbajo, pointed out that the move was borne out of the need to enhance affordability of food prices across country.

He said the Presidential Task Force will urgently consider measures that would ensure a steady flow of produce to the market and reverse recent price increases.

Giving the directive at the Federal Executive Council meeting, Mr Osinbajo expressed concern at some of the inflationary rates of food prices, noting that the Task Force will explore options to promote availability and affordability of food items to Nigerians.

According to him, the Task Force, which has seven days from to report back to the Council, will consider how to remove some of the cost-raising factors that come into play between the farms and the markets and therefore “bring relief to our people.”

While there have been reports of bumper harvests in parts of the country, the prices of food stuff still end up rather high, while some of the produce even end up wasted due to a number of reasons preventing effective transportation delivery to the markets.

One of the focus areas of the Task Force, the Acting President noted, would be to review the transportation and preservation processes, and see how government can intervene in those aspects to bring down food prices.

The Task Force, which would be meeting with Me Osinbajo in the discharge of its urgent assignment, will therefore draw out a practical plan and present same to the Council next week.

Members of the Task Force include the following Minister of Agriculture & Rural Development, Mr Audu Ogbeh; Minister of Finance, Mrs Kemi Adeosun; Minister of Industry, Trade & Development, Dr Okey Enelamah; Minister of Transportation, Mr Rotimi Amaechi; Minister for Water Resources, Engr. Suleiman Adamu; and Minister of Labour & Employment, Mr Chris Ngige.

Also, the Offices of the Chief of Staff to the President and the Senior Special Assistant to the President on Sustainable Development Goals (SDGs) would also be on the Task Force.