December 28, 2024
FG To Set Up Commodity Board To Crash Food Prices
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FG To Set Up Commodity Board To Crash Food Prices

The Federal Government says it will set up a Commodity Board to regulate the soaring prices of food in the country.  

Speaking yesterday during a two-day strategic meeting on climate change, food systems and resource mobilisation, Vice President Kashim Shettima said the board’s mandate includes assessing and regulating food prices, as well as overseeing a strategic food reserve to stabilise prices of critical grains and other essential food items.

READ ALSO: Jettison IMF, World Bank’s Policies Falana Tells FG

The Vice President also said the Tinubu administration remains dedicated to restoring degraded land, with ongoing plans to rehabilitate four million hectares, equivalent to nearly 10 million acres, of degraded lands within the nation’s borders, as part of its commitment to the AFR100 Initiative.

The African Forest Landscape Restoration Initiative, AFR100, is a country-led effort to bring 100 million hectares of these deforested and degraded landscapes across Africa into restoration by 2030.

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