Food Prices Stay High in Nigeria Despite Naira Gains, More Action Needed to Boost Farm Production and Security
• Prices of food and agro commodities remain high despite naira appreciation due to ongoing high costs of labor, farm inputs, transportation, and insecurity.
• Experts say further government action is needed to encourage agriculture and food production before prices will fall.
• Mechanized farming is needed to truly address Nigeria's food crisis rather than smallholder farms.
• Insecurity is a major factor limiting farmers; many have abandoned farms to stay alive.
• Implementation of policies and having a clear strategy with proper planning is critical for boosting production and lowering costs.