Warnings about Decline in Food Supply
Nigerians are already paying more for staple food because warnings about drop in food supply were never engaged. Recall that FSDH Merchant Bank analysts warned that the country risks further decline in food supply, which could lead to upsurge in food prices if the herdsmen/ farmers clashes across the country remain unchecked. The report stated: “FSDH Research observes that the agricultural GDP growth rate in first quarter (Q1’ 2018) recorded the lowest growth rate in the last 18 quarters since 2014. The insecurity challenges in the food producing states in the country may be responsible for this development. If the trend continues, food supply may drop leading to escalating prices. Thus, both local and imported food prices may place upward pressure on inflation rate.”
Amnesty International gave a similar warning, stating that thousands of farmers had been pushed out of their farms by rampaging herders, thus putting Nigeria’s food security at risk. Prior to all these warnings, prices of staple food had been on the rise due to dwindling supply. Just check out the prices of essentials like Beans, Rice, Gari, Semovita, Yam, Plantain and Maize, and you will understand what I am talking about. Most families across our country are struggling to feed twice a day. The resurgence in attacks by herders has compounded the food supply challenges. A responsible government would have engaged all these warnings a long time ago. Unfortunately, right now, we don’t have a responsible government in Nigeria.