On Thursday, President Bola Tinubu declared a state of emergency on food security in Nigeria.
He approved that matters related to food and water availability and affordability be included in the National Security Council’s responsibilities.
Dele Alake, the Special Adviser to the President on Special Duties, Communications, and Strategy, revealed this information during a briefing with State House correspondents in Abuja at the Presidential Villa.
READ ALSO: Reno Omokri advises President Tinubu regarding the distribution of fuel subsidy palliatives
The President’s Plan for food security
The President directed the immediate release of fertilisers and grains to farmers and households to mitigate the impact of subsidy removal.
Dele said that there will be closer collaboration between the Ministry of Agriculture and the Ministry of Water Resources to ensure year-round food production through adequate irrigation of farmlands.
He also added that a National Commodity Board would be established to monitor food prices and maintain a strategic food reserve to stabilise prices. Various stakeholders, including seed companies, research institutes, microfinance banks, and fertiliser producers, will support the intervention effort.
The government plans to activate land banks across the country to increase the availability of arable land for farming. Additionally, the Central Bank advised middlemen holding grains to release their supplies, as prices are expected to fall when the government begins distributing grains.
READ ALSO; Please tell the people to be a little patient: Tinubu appeals to Nigerians to endure subsidy removal
President Tinubu’s plead for ₦500 billion for fuel subsidy palliatives
In another news, President Bola Ahmed Tinubu wrote a letter to the House of Representatives, urging an amendment to the 2022 supplementary appropriation Act in order to enable the Federal Government acquire N500 billion to provide palliatives aimed at alleviating the impact of the fuel subsidy removal.
During Wednesday’s plenary session, Speaker Tajudeen Abbas read President Tinubu’s letter on the floor of the House.
The letter, titled “Request for the amendment of the 2022 appropriation act,” explained the necessity of sourcing funds to address the consequences of the recent removal of fuel subsidy in Nigeria.
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