FG Plans National Commodity Board to Tackle Food Inflation
The federal government is set to establish a National Commodity Board aimed at addressing the rising food inflation crisis in Nigeria. Vice President Kashim Shettima announced this during a two-day high-level strategic meeting on climate change, food systems, and resource mobilization in Abuja. Mr. Shettima outlined the board's mandate to assess and regulate food prices while maintaining a strategic food reserve to stabilize crucial grains and other food items' prices. This initiative aligns with President Bola Tinubu's Renewed Hope Agenda, where food security is identified as a priority area, leading to the declaration of a state of emergency on food…
