The federal government has announced the plan to set up a Commodity Board to regulate the soaring prices of food in the country.
Vice President, Kashim Shettima, disclosed this on Tuesday during a two-day high-level strategic meeting on climate change, food systems and resource mobilization held at the Banquet Hall of the Presidential Villa, Abuja.
According to Shettima, the board’s mandate includes assessing and regulating food prices, as well as overseeing a strategic food reserve to stabilize prices of critical grains and other essential food items.
Furthermore, he emphasized that 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.
On how the government is handling the security challenges that have prevented farmers from working on their farms, he said: