Determined to make Nigeria a major food processing hub in Africa, plans are currently underway to establish a 360 agro-products processing complex in Onicha-Ugbo in Delta State.

Irrespective of the Federal Government’s current rush to address the food crisis facing the country, there are indications that prices of the commodities may not go down anytime soon, except certain indices responsible for the hike in food prices are tackled headlong.

Nigeria's food inflation has jumped consistently in the past five years despite intervention in the agriculture sector, especially through the N1.08 trillion Anchor Borrowers Programme (ABP), with composite food prices jumping by about 170 per cent in the past five years.

As inflation bites further, mostly from the effects of subsidy removal on the economy, there are concerns about the Federal Government’s ability to sustain its deregulation stance...

Stakeholders have raised concern that Nigeria has been losing $382.5 million yearly to the ban on beans exportation by the European Union (EU) in the last eight years, bringing the total loss to $2.9 billion.

On May 29, President Muhammadu Buhari will leave behind an inflation rate of 22.22 per cent (the highest in about 17 years), which is well over double of the level he met in 2015.