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Monday, November 28, 2022

Inflation better than having no food; Nigeria has enough: Buhari regime

The regime said the inflationary trend the country was witnessing was a global crisis.

• November 28, 2022
A composite of President Muhammadu Buhari and Beggars used to illustrate story.
A composite of President Muhammadu Buhari and Beggars used to illustrate story.

President Muhammadu Buhari on Monday assured Nigerians that the country had enough to eat and there would be no shortage of food.

The Minister of Agriculture and Natural Resources, Mohammad Abubakar, spoke on Monday in Abuja at the fifth edition of the President Muhammadu Buhari (PMB) Administration Scorecard 2015-2017 series.

“Absolutely, we have enough to eat in this country; there is no shortage of food,” Mr Abubakar said. “There can be increase in prices. Yes, it is better to have inflation than to have no food.”

Responding to questions after his presentation, Mr Abubakar said despite the inflationary trend and the flood disaster, the country would not experience food shortage.

“We are self-sufficient in rice, and we are the number one producer of rice in Africa and number four in the world.

“We are also the number one producer of cassava and yam as well as the number two producer of sorghum after America and number three producer of millet.

“We have enough to eat, and we will continue to have enough to eat,” he stressed.

The minister said the inflationary trend the country was witnessing was not peculiar to Nigeria but a global crisis.

He attributed climate change and the effects of the COVID-19 pandemic and the Ukraine-Russia war as the reasons for global inflation.

“Three weeks ago, a friend of mine living in London said to me that it usually costs him like five pounds to fuel his car for a week.

“He said now it is costing him about 100 pounds to fuel the same car for one week,” he said.

On the destruction caused by flooding to many farmlands, the minister said farmers were embarking on aggressive dry season planting to mitigate the effects.

He said the ministry was already distributing fast-growing seeds in areas where flood waters had receded, and the moisture there would assist the plants to grow rapidly.

The minister added that they had harnessed some of the flood water, which would be used for the dry season farming.

(NAN)

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