Tropical General Investment (TGI) Group, a leading global conglomerate, through its philanthropic arm, TGI Cares Foundation, has reinforced its commitment to supporting vulnerable communities by donating food items and essential supplies to indigent citizens in Ebute Metta, Lagos recently. The TGI Cares Foundation, whose objectives promote food security by supporting appropriate education, championing social interventions, and providing relief in times …

The federal government yesterday officially unveiled strategic measures aimed at combating the high food prices currently burdening the nation. Minister of agriculture and food security, Abubakar Kyari who revealed the plans on his verified X account, stated that the measures will be implemented over the next 180 days with the expectation to reduce soaring prices of food items. The initiatives …

The Central Bank of Nigeria (CBN) released a total sum of $2.13 billion to Nigerians for importing food products in 2023, according to findings by The PUNCH. According to the quarterly statistics of the Central Bank of Nigeria, the forex release showed that there was consistent demand from foreign countries despite being touted as the food basket of Africa. This …

The average price of imported food commodities to Nigeria rose to its highest level, reaching 34 per cent in one year between April 2023 and April 2024. This represents an increase of 200 basis points from 32 per cent recorded in March 2024, according to an analysis of the Consumer Price Index report released by the National Bureau of Statistics …

Dear Nigerians, My administration is dedicated to evolving home-grown solutions to tackle our nation’s food security challenges head-on including setting up schemes to bolster local food production and cut out all forms of rent-seeking tied to food importation. I reiterated this commitment during my emergency meeting today at the State House, with all 36 state governors, the Vice-President, Kashim Shettima, …

The Sokoto State House of Assembly has passed a resolution urging the state government to ban the exportation of food items to neighbouring countries to curb food inflation. This followed the adoption of a motion on a matter of urgent public importance by Shamsu Aliyu (APC-Wurno) at Wednesday’s plenary in Sokoto. Presenting the motion, Aliyu said the matter had to …

The Federal Government yesterday moved to stem rising food prices in the country by directing the Special Presidential Committee on Emergency Food Intervention to immediately wade in. Assuring Nigerians that there was no food shortage, the government alleged that saboteurs were capitalising on Naira’s depreciation to escalate the cost of food items. Chief of Staff to President Bola Tinubu, Femi …

Nigeria’s headline inflation maintained its upward trajectory in a worrisome dimension as the inflation rate hit 28.92 per cent in December 2023 relative to the November 2023 headline inflation rate which was 28.20 per cent, largely driven by the soaring prices of basic food items and the impact of cost of energy on transportation. This is as the director general …

A regional food security analysis by the United Nations International Children’s Emergency Fund (UNICEF), Food and Agriculture Organisation (FAO), and World Food Programme (WFP) have said food insecurity and malnutrition reached new highs in West and Central Africa as funding to address acute needs dwindles. The report released yesterday in Dakar said despite considerable efforts by governments and partners, food …

Ebonyi and Abia states led as food prices jumped by 31 per cent within in 12 months from July 2022 to July 2023. This is according to an analysis of the ‘Selected Food Price Watch,’ a report published on a monthly basis by the National Bureau of Statistics (NBS). The selected food items include staples such as rice (1kg), beans …