Why food prices are soaring ― NEC


The National Economic Council (NEC) meeting presided over by Vice President Yemi Osinbajo, on Thursday, examined the trend of food prices and concluded that prices are rising because of COVID-19, the #EndSARS and banditry in parts of the country.

It observed that other factors include farmers/herders clashes and increased cost of transportation.

This followed a presentation made to NEC by the Senior Special Assistant to the President on Agriculture, Dr Andrew Kwasari.

The council, therefore, stressed the need for urgent remedial measures.

A statement issued by the Vice President’s spokesman, Laolu Akande, on Thursday evening said:

“Council received the presentation on the above subject…

Source: Nigerian Tribune