Nigeria: Farmers, Govt Disagree Over Drop in Food Prices

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Nigerian farmers and the federal government disagree over recent drops in food prices across the country. Farmers blame massive importation of food items approved by the government for the price crash, while Agriculture Minister Aliyu Sabi Abdullahi attributes it to incentives boosting local production. The government had opened a 150-day duty-free window from July to December 2024 for essential grains like rice and wheat, aiming to reduce living costs. However, this led prices of major grains to fall below production cost, causing financial losses for farmers with unsold stock. Abdullahi stated the government is working to mitigate these impacts while ensuring food security and affordability.
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