Nigerian President Bola Tinubu declared a “state of emergency on food security” due to rapidly rising prices.
Nigeria is considered the largest economy on the continent of Africa.
“As a hands-on-leader who follows developments across the country every day, Mr. President is not unmindful of the rising cost of food and how it affects the citizens,” a spokesperson for Tinubu said.
“While availability is not a problem, affordability has been a major issue for many Nigerians in all parts of the country. This has led to a significant drop in demand thereby undermining the viability of the entire agriculture and food value chain,” he continued.
From Breitbart:
Tinubu’s emergency order placed “all matters pertaining to food and water availability and affordability” under the “purview” of his National Security Council. Alake said the council would soon announce a series of initiatives to “reverse this inflationary trend and guarantee future uninterrupted supplies of affordable foods to ordinary Nigerians.”
