Thursday 17th August, 2017
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FG to open grain reserves soon - Minister

FG to open grain reserves soon - Minister

Worried by the rising cost of food prices in the country, the Minister of Agriculture and Rural Development, Audu Ogbeh has disclosed that the Federal Government is considering opening the country's grain reserve in the next two weeks as part of measures aimed at cushioning high prices.
 
Ogbeh who made the revelation in a chat with journalists in Abuja however admitted that prices of grains like maize, sorghum and millet were beginning to drop.
 
According to him, "maize has dropped from N180,000 per ton to N140,000 and in Kaduna farmers are willing to sell at N135,000".
 
The Minister who also debunked rumours of an impending food shortage explained that a new round of grains are being harvested in about four states.
 
Ogbeh explained that the stocks from the previous harvest are still with the millers warehouses adding that wheat also are being harvested.
 
He noted that “despite the quantities of food that West African countries have carried from Nigeria, there are still a lot in the store unfortunately the prices are still high”.
 
The Minister noted that the farmers have expressed their resentment with government over plans by the federal government to cut food prices, accusing the government of spoiling their business as this is the first time they would be making high profit from farming.

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