Nigeria's President Bola Tinubu has declared a state of emergency on food security to address ongoing food inflation.
The government plans to allocate funds from the fuel subsidy removal to support the agricultural sector and establish a National Commodity Board to regulate and stabilise food prices.
President Tinubu emphasized the initiatives' goals of reducing food costs, promoting agriculture and generating employment opportunities.
President Tinubu says that the new initiatives will tackle rising food costs, enhance agriculture, and boost job creation.