Growing fears of insecurity have been mounting over the past few months in the country following report of lack of stable supply and rising food prices.
Prices of essential commodities and food products have skyrocketed making them unaffordable to the common man, caused by well meaning but seemingly impractical policies of the federal government in these segments.
Prices of rice, for instance, has been hitting historic highs of N12,500 per bag, triggering a panic amongst the people across the country. Persistent increase in prices of other staple products such as fish, bread, meat, cereals, chicken, yam, onions, beans, vegetable oil, tomatoes, groundnut oil and others have aggravated the continued woes of the common man.
Shortage of products and ever-increasing prices has created unsettling sentiments across communities, dampening the country’s efforts to end poverty. There are estimates that more than 65 per cent of the Nigerian population are food insecure.
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