The Good Governance Advocates of Nigeria (GGAN) has lauded President Bola Tinubu and the Minister of Agriculture and Food Security, Abubakar Kyari, for their transformative efforts in the agricultural sector, which have led to a notable decrease in food prices.

In a statement signed by its national president, Comrade Gideon Unazi, the group praised the administration’s commitment to fostering economic growth and strengthening Nigeria’s position in regional and global food markets. Unazi highlighted the gradual shift from subsistence farming to an agribusiness-driven economy as a crucial step in empowering farmers and promoting private-sector investment.

He noted that key government interventions, such as the declaration of a state of emergency on agriculture, temporary suspension of tariffs on imported grains, and strategic policy reforms, have yielded tangible results. Unazi also emphasized the impact of partnerships with international organizations, including the African Development Bank, the World Bank, and the Japanese International Cooperation Agency (JICA), in driving agricultural growth.

“The lifting of the ban on food importation across land borders, the stabilization of the Naira, and the reported pausing of bulk grain purchases for distribution to IDP camps by UN and US agencies have all contributed to the recent decline in food prices,” Unazi stated.

He further pointed to the election of Minister Kyari as Vice Chairman of the Governing Council of the International Fund for Agricultural Development (IFAD) as evidence of Nigeria’s growing influence in global agricultural policy.

According to Unazi, the Federal Government’s efforts have led to a significant reduction in food prices, with some grains witnessing a drop of up to 40% in the past month. Reports from Al Jazeera and BusinessDay indicate that the prices of staples such as beans, yam, rice, tomatoes, and garri have declined between 10% and 70%.

GGAN commended the Ministry’s initiatives, including the distribution of over 2.1 million bags of fertilizers to farmers and food aid to flood-affected communities. The group urged the government to sustain its momentum in driving economic growth and reducing poverty, while calling on stakeholders to support policies aimed at achieving long-term food security.

“With the current trend of declining food prices, we are optimistic that Nigeria is on the path to becoming a food-secure nation,” Unazi concluded.