President Buhari made the statement on his official Twitter page on Thursday. Adding that the high cost of food items was as a result of the global coronavirus pandemic.
“We are very mindful of the challenge of high food prices, at a time when the economy is already in a slowdown caused by the global coronavirus situation, and are doing everything in our power to bring down the prices of food items across the country.”
Mr president disclosed that he has approved the release of 30,000 tons of maize from the national reserves.
“To ease the current high cost of poultry production, I have approved the release of 30,000 tons of maize from the national reserves, to animal feed producers,” he said.
According to Mr. Buhari, his administration will engage with food producers associations and groups to tackle the issue of exploitative behaviour by middlemen.
“We are also engaging with food producers associations and groups to tackle the issue of exploitative behaviour by middlemen and other actors, which is one of the factors responsible for the high food prices being experienced,” Buhari said.
He assured Nigerians that the high cost of food items will be a thing of the past.
“Let me assure Nigerians that this situation of spiraling food prices will be a transient one,” he said.