Acting President Yemi Osinbajo has set up a Task Force to beat down food prices across the nation at the Federal Executive Council (FEC) meeting on Wednesday. Moved by the need to enhance affordability of food prices across country, the Buhari administration has constituted a Presidential Task Force to urgently consider measures that would ensure a steady flow of produce to the market and reverse recent price increases. Giving the directive today at the FEC meeting, the Acting President expressed concern at some of the inflationary rates of food prices, noting that the Task Force will explore options to promote availability and affordability of food items to Nigerians. According to him, the Task Force, which has seven days from today to report back to the Council will consider how to remove some of the cost-raising factors that come into play between the farms and the markets and therefore “bring relief to our people.” While there have been reports of bumper harvests in part...
