Eventful In Partnership with FirstBankIn a bid to halt food price increases and to ease the tough time Nigerians are going through, President Muhammadu Buhari has ordered the release of 10,000 tons of grain from the national reserve.
The Africa’s largest economy has been battered by falling crude prices and a tight foreign currency policy, forcing prices to rise sharply.
Many Nigerians are complaining about living costs escalating
Buhari’s spokesperson, Garba Shehu in a statement charged “All able-bodied” men and women living in camps for people displaced by militant Islamist group Boko Haram should be assisted to “immediately” return to farming.
Most of the displaced people were farmers before the militants seized their towns and villages, forcing them to flee. Government troops have now recaptured most of the territories.
Mr Shehu told the BBC Hausa service that details of the programme will be announced later.
He defended the government’s currency policy, saying the soaring food prices are being caused by some traders who are exploiting the situation to make huge profits.