Why Food Prices Are High In Nigeria – Buhari

President Muhammadu Buhari has stated that the significant spike in the prices of food in Nigeria is caused by middlemen who have been buying and holding essential commodities.

The president stated this Friday during a televised broadcast to commemorate the 61st anniversary of Nigeria’s independence.

The president’s comments come as prices of major staple foods (legumes, cereals, proteins and vegetables) in Nigeria have risen at an average of about 98.85 and 99.9 per cents respectively in the last year.

“Unfortunately, as our food production capacity has increased, food prices continue going up due to shortages created by middlemen who have been buying and holding the essential commodities,” Mr Buhari said.

-Premium Times

About Don Saint

PR Guru / Author / Promoter / Controversial Writer / Hip Hop Artiste / Actor / Human Rights Activist. The First Nigerian Hip Hop Artiste to obtain a Masters Degree (M.A) in Arts ( Religion & Human Relations). The author of one of the most controversial books in Nigeria; "Emancipation from Masturbation". With over 12 Movies and 3 Musical albums since 2003. Former Events Manager at Silverbird’s Rhythm Fm Awka Station till 2010. For more info. Call : 08033239298.

No comments yet... Be the first to leave a reply!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: