The Federal Government of Nigeria has inaugurated a new committee tasked with reducing food imports by 50% within a short-term timeline. The move is aimed at boosting local food production, enhancing food security, and conserving foreign exchange.
During the inauguration, officials emphasized the urgency of reducing Nigeria’s dependence on imported food amidst rising global prices. The committee will work closely with local farmers, agribusinesses, and relevant stakeholders to identify key areas of intervention.
This initiative aligns with President Tinubu’s economic strategy to strengthen domestic agriculture and reduce inflation driven by food imports.
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