• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
Tuesday, May 20, 2025
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
No Result
View All Result
Elanza News
Home Opinion

LINGERING FOOD CRISES AND THE BAD GOVERNANCE PROTEST: NEED FOR ECONOMIC PLANNING

Ojimaojo Abubakar by Ojimaojo Abubakar
August 6, 2024
in Opinion
0
LINGERING   FOOD   CRISES   AND   THE   BAD GOVERNANCE PROTEST:    NEED FOR ECONOMIC PLANNING
0
SHARES
3
VIEWS
FacebookTwitterWhatsappEmailTelegram

By Adamu Lawal Toro

Nigeria is faced with food crisis that manifests in several ways. Despite being one of Africa’s largest agricultural producers, the nation faces severe food shortages, high prices, and widespread hunger. Factors contributing to this crisis include:

RelatedPosts

Betara: A Legacy of Leadership Rooted In The  People

How Tangible is Tinubu’s Free Emergency Care Initiative for Nigerians?

Buni’s Strong Security Pledge Boosts Hope In Northeastern Nigeria

Insecurity and insurgency activities, particularly by Boko Haram in the North-East and banditry in the North-West that have disrupted farming activities, displaced farmers, and reduced food production.
Climate change with erratic weather patterns, floods, and droughts that are adversely affecting crop yields.
Poor infrastructure that hampers adequate transportation networks and poor storage facilities lead to significant post-harvest losses.
Policy failures and inconsistencies of agricultural policies with lack of support for smallholder farmers that will productivity.
It was in July last year that Nigeria’s President, Bola Ahmed Tinubu declared a state of emergency to tackle the rising costs of food and its perceived shortages in the aftermath of fuel subsidy removal. Under the state of emergency, food and water availability was directly put under the purview of national security council.
The council was charged with the responsibility to provide protection to farmers, many of whom have abandoned their farms as a result of the deteriorating security situation that is threatening their existence, loss of livelihood, endangered their traditional life savings through cattle rustling, banditry and kidnapping for ransom. To ensure the nation’s food security and make more food available and affordable, the government announced that some of the money that is being saved by the removal of fuel subsidy will be used to provide fertilizer, implements, and grains to farmers in addition to payment of stipend to poorer house hold for six months.
From the declaration of the State of Emergency to date, the national Bureau of statistics, National Bureau of Statistics (NBS) has shown that food inflation had risen from 29.98 percent to 40.18 percent in June 2024. The United Nations in its annual report on Food Security in Nigeria has estimated that over 25 million Nigerians are classified as food insecure as at last year and the number is steadily increasing drastically.
While the President has assured Nigerians that the government will create and support a National Exchange Board whose responsibility will be to review food pricing as well as maintain a strategic food reserve that will be used as price stabilization mechanisms for critical food items, the effect is yet to be seen as no such institution had been put in place. Even though the Central Bank is said to continue to playing a major role in funding the agriculture value chain, the New CBN management had since distanced itself from such intervention arguing that it distorts the economy and mandate of the apex bank.
The pains associated with the triple economic policies: fuel subsidy removal, floating of the Naira and the hike of electricity tariff has shown that many small and medium size businesses are going under as the cost of production or running the businesses have become unbearable. Many manufacturing concerns are now relocating to neighbouring countries.
Of all the promised intervention promised by the President, the only thing Nigerians are seeing so far, is the distribution of 20 trailer loads of rice to the 36 states and Abuja; no protection for the farmer, no inputs to simplify and boast production, no distribution of fertilizers whose price have now gone beyond the purchasing capacity of most average farmers in the open market.
With the food security situation further becoming unattainable to the majority of citizens, the federal government has now announced that it is embarking on food importation or opening our boarders for the importation of agricultural goods at zero duty rates to force food prices down. This, is a policy that is being rejected by agricultural actors and many well-meaning Nigerians including the President of African Development Bank Dr Femi Adesina who described the plan as one effort to disrupt the agriculture trajectory of Nigeria.
The duty-free importation of agricultural foods can have several negative effects on Nigerian farmers, particularly small-scale or peasant farmers due to:
Market Competition – imported agricultural products can be cheaper due to subsidies and lower production costs in other countries. This can make it difficult for local farmers to compete, potentially leading to reduced income and financial instability.
Reduced Incentive for Local Production – if imported foods flood the market, local farmers might be discouraged from producing certain crops, leading to a decline in domestic agricultural production.
Dependency on Imports – over reliance on imported foods can make the country vulnerable to global market fluctuations and supply chain disruptions.
Economic Impact – the local agricultural sector might suffer, leading to job losses and negatively impacting the rural economy where farming is a primary source of livelihood.
Food Security – while the policy might provide short-term relief from food shortages, it does not address the underlying issues of food security. Sustainable local production is essential for long-term food security.
Environmental Impact – increased importation can lead to higher carbon footprints due to transportation and can also discourage sustainable farming practices locally.
To mitigate these effects, it is crucial for the government to support local farmers through subsidies, improved infrastructure, and policies that encourage sustainable agricultural practices.
Nigeria’s haunting food crisis and the recently experienced protests against bad governance underscore the urgent need for comprehensive economic planning. The country, blessed with vast arable land and a youthful population, paradoxically grapples with food insecurity, which has been exacerbated by poor governance, economic mismanagement, and climate change.
In conclusion, Nigeria’s food crisis and the protests against bad governance highlights the dare need for acting fast. Addressing these challenges requires a multifaceted approach that prioritizes agricultural development, infrastructural improvement, security, climate resilience, governance reforms, and youth engagement. Only through comprehensive and well-implemented economic planning can Nigeria hope to achieve food security and sustainable development.
ALSO READ:  Opinion: Southern Kaduna Festival: A Bastion For Unity And Development
Ojimaojo Abubakar

Ojimaojo Abubakar

Abubakar Ojimaojo is a graduate of Mass Communication, political and football analyst currently work at elanzanews.ng as Editor. He pride himself as skilled wordsmith with a passion for delving into contemporary political issues on both national and international scale.

Related Posts

Betara: A Legacy of Leadership Rooted In The  People

by Nathaniel Irobi
May 15, 2025
0

By A. A. MSHELIA Lately, one name has been echoing powerfully across every corner of Nigeria - Rt. Honourable Muktar...

How Tangible is Tinubu’s Free Emergency Care Initiative for Nigerians?

How Tangible is Tinubu’s Free Emergency Care Initiative for Nigerians?

by Ojimaojo Abubakar
May 12, 2025
0

By Abdullahi O Haruna Haruspice Nigerians can be forgiven for their skepticism. In a country where healthcare often means delay,...

Buni’s Strong Security Pledge Boosts Hope In Northeastern Nigeria

Buni’s Strong Security Pledge Boosts Hope In Northeastern Nigeria

by Ojimaojo Abubakar
May 10, 2025
0

In a region long marred by the shadows of insurgency, where peace has been both a dream and a demand,...

Recommended

“May 2025 Sees DMO Allocate N4.28bn in FGN Savings Bonds, Continuing the Trend of Secure Investments”

“May 2025 Sees DMO Allocate N4.28bn in FGN Savings Bonds, Continuing the Trend of Secure Investments”

2 days ago
OPEC: Nigeria Retained Position As Africa’s Biggest Oil Producer In April

OPEC: Nigeria Retained Position As Africa’s Biggest Oil Producer In April

5 days ago

Popular News

  • Environment Minister’s Scholarship Beneficiary Tops 2025 UTME In Northern Nigeria With 345 Score

    Environment Minister’s Scholarship Beneficiary Tops 2025 UTME In Northern Nigeria With 345 Score

    0 shares
    Share 0 Tweet 0
  • Association Hails Works Minister, Urges Re-award Of Abandoned Road Projects

    0 shares
    Share 0 Tweet 0
  • Christian Group Seeks Reversal of NBAIS Certificate Recognition

    0 shares
    Share 0 Tweet 0
  • Middle Belt Calls for Restoring Justice in Kaduna, Reversing El-Rufai’s Divisive Policies

    0 shares
    Share 0 Tweet 0
  • Abuja Estate Firm Announces Customer Loyalty Rewards

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (705)
  • Education (213)
  • Entertainment (306)
  • Health (183)
  • National (2,027)
  • News (7,616)
  • Opinion (280)
  • Politics (1,549)
  • Science (15)
  • Security (402)
  • Sports (411)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform