Nigeria's food reserves are almost empty

Nigeria’s food reserves are almost empty

September 21, 2020

AT the beginning of 2020, Nigeria had about 100,000 metric tonnes (MT) of different grains in the strategic food reserves out of which 70,000MT was distributed as palliatives, leaving 30,000MT in reserves.

President Buhari’s announcement via his official Twitter handle that 30,000MT of grains be made available to animal feed producers and to curb rising food prices, suggests Nigeria will be drawing down its entire reserves.

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Curiously, Poultry farmers who appeared to be the targeted beneficiaries say only 5,000MT of Maize was approved for release to them. So, did the president make an error with his announcement or is the food reserve about to be emptied?

Caleb Ojewale

Caleb Ojewale is an Assistant Editor at BusinessDay Newspaper in Nigeria, where he also heads Industry and Real Sector, supervising all associated beats/desks. He is concurrently Editor for Features, Interviews, and the Newspaper's Backpage (Monday to Thursday). He has also been OP-ED Editor and a member of the Editorial Board. A well rounded business journalist; he is a recipient of multiple local and international journalism awards. Caleb is a fellow of the University of Oxford and OKP and has bachelor’s and Master's degrees in communication from Lagos State University and the University of Lagos, respectively.

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