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Expert backs food importation subsidy

A Political Economist and Professor of Strategy and Development, Commonwealth Institute of Advanced and Professional Studies, Anthony Kila, has thrown his weight behind the importation and subsidy of food as a means of dealing with the current food crisis in Nigeria.

Kila made his position known while addressing an international forum of African and Caribbean political economists, on a webinar organised to discuss economic and developmental opportunities in African and Caribbean countries. 

According to him, the situation Nigeria is dealing with is inflation-induced largely by the sudden and astronomical increase in the cost of production and distribution, as well as reduction in volume and variety of production. 

He stated that a pragmatic short-term solution would be to import and subsidize food for as many people as possible. 

Rescuers search for body of woman who jumped into Lagos river

Rescuers search for body of woman who jumped into Lagos river

“There is an emergency in the country and there is nothing wrong with importing and subsidising food to deal with the current food crisis. We can do both as a temporary measure till we can secure farming lands and grow more food; and we need about 10,000 subsidised food outlets across the country to manage the emergency,” he said.

 

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