Home POLITICAL Osinbajo sets up committee to force down food prices

Osinbajo sets up committee to force down food prices

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The Federal Government of Nigeria has set up a task force on food security to force down cost of food items.

On the task force are Kemi Adeosun, finance minister; Chibuike Amaechi, transport minister; Audu Ogbeh, agriculture minister; Chris Ngige, labour and employment minster; Okey Enelamah, trade and industry minister, and Suleiman Adamu, water resources minister.

This was revealed by the Minister of Information, Lai Mohammed, on Wednesday while briefing journalists at the end of the meeting of the Federal Executive Council.

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“Government is quite concerned about the rising cost of food items and the fact that more often than not, even when these products are available and do not reach the market, they are sold at very exorbitant prices.

“So, the government has set up a task force on food security to ensure that an end is put to the wastages that occur and with tons and tons of produce sitting down in the farms rotting or in the markets getting rotten,” he said.

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“The important thing is to look at what areas of intervention can the government make.

“The intervention can be in the area of subsidy in transportation, that is being worked out but this goes to show that government is very much concerned with the rising cost of food prices and we are responding to it,” he said.

The minister said the committee is expected to report back to FEC next week after which “concrete actions would be taken”.

“Clearly government is concerned and is trying to do something to bring it down,” he said.

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