FOLLOWING the adoption of a motion on October 17, 2016 under matters of urgent public importance moved by Honourable Orker Jev on the need to address food insecurity in the country, it was observed that “Nigeria does not have a sustained policy on food security and thus exposing our country to needless food importation.”
Also speaking on the same matter, the leader of the House, Honourable Femi Gbajabiamila, warned that if the government did not do something urgently, “we may be battling with the issue of cannibalism, where people will begin to eat themselves. We have a blueprint that we need to follow. This constitutional review period present an opportunity for us to move agriculture from the concurrent list to residual list,” he said.
Sceptic might dismiss Gbajabiamila’s warning as political rhetoric, but the reality is that the law of sowing and reaping does not change-“you reap what you so.” But where a country did not sow anything, what will that country reap?
The National Bureau of Statistics (NBS) said Nigeria’s Consumer Price Index (CPI), which measures inflation dropped to 17.78 percent (year-on-year) in February 2017. A report released by the bureau stated that the figure represents 0.94 percent points lower from the 18.72 percent recorded in January. Analysts at Financial Derivatives Company Limited are also predicting further reduction to 16.4 per cent for March inflation.