General News of Monday, 2 December 2024
Source: www.mynigeria.com
A chieftain of the All Progressives Congress, APC, in Osun State, Olatunbosun Oyintiloye, has expressed concern over the rise in food prices in the country, describing it as worrisome and unbearable.
Speaking to the media on Sunday in Osogbo, the APC chieftain said the cost of foodstuffs has significantly increased, making it difficult for the masses to afford good meals.
According to the member of the defunct APC Presidential Campaign Council, PCC, there is an urgent need for government at all levels to come to the rescue of the masses by providing solutions to the challenge.
“The rise in food prices is mostly caused by insecurity, the high cost of transportation of the products, climate change, and the instability of the exchange rate of naira,” he said.
The former lawmaker noted that the rise in food prices had led to uncertainty, an increase in poverty, and a high cost of living.
He said, “A recent survey conducted by the National Bureau of Statistics (NBS) also confirmed that food prices have risen by over 100 per cent.
“65.8 per cent of the households were unable to eat healthy, nutritious, or preferred foods because of low income.”
Oyintiloye mentioned that while President Bola Tinubu is doing everything possible to bring down food prices, many Nigerians are still struggling to eat three square meals.
Oyintiloye said that despite the food waiver policy being implemented by the Federal Government and the Central Bank’s intervention to curb inflation through monetary policy, the prices of foodstuffs are still very high.
“The exchange rate fluctuations further exacerbate this issue, particularly affecting the prices of imported food items.
“The situation on the prices of food is becoming worrisome and extremely unbearable for the masses.
“Many households can no longer afford nutrition meals, while many are begging for survival. This is pathetic and no longer bearable for the masses.
“I urge governors and the Federal Government to intensify efforts to stop further increases in the cost of food items. The situation may worsen if factors leading to the increase are left unattended to.”