Is the Food Crisis Finally Here?

Tag: Fresh Yam

The food crisis which has ravaged some countries across the globe may not be too far from Nigeria, given the rate at which prices of staple foods have been on the rise daily.

Rising food prices have already sparked off huge crisis in Haiti, Egypt, Senegal and Ivory Coast, among others.
THISDAY investigation across the states and Federal Capital Territory (FCT), Abuja, revealed that prices of staple food stuffs have witnessed swift increases in the last couple of weeks.

It was learnt that the Fresh Yam prices  shot up in the country early March and have continued to be on the rise.
The reason for the rising prices is not too clear yet but food experts said climatic change, drought in some parts of the North, fuel scarcity experienced recently in some states and what they called government nconsistent policies were partly responsible for the price surge.

They also said the price situation has a bandwagon effect following the rising global food prices.
The food crisis had taken a centre stage at the recent International Monetary Fund /World Bank Group Spring Meeting in Washington DC.

Food experts said government needed to intervene decisively to stem the rising food prices.