In discussing insecurity, Professor Ife highlighted, “The pervasive insecurity has decimated the food production system in certain parts of the country.” On inflation, he noted that food inflation has been a significant issue, with a 7% gap over the last eight years. “We need to look more into what food inflation means and how new emergency measures connect with these challenges,” he added.
Addressing strategic reserves, Ife explained that relying on cross-border food production contracts with neighbouring countries like Benin and Cameroon could be beneficial. “There is nothing shameful in doing production contracts with our neighbouring places where there is more sustainability,” he said. He also mentioned the importance of allocating at least 10% of Nigeria’s food production to strategic reserves.
