Africa (Commonwealth Union) _ In markets teeming with food, many Nigerians still find themselves priced out of basic nutrition. Those puzzled by this contradiction may be clinging to outdated economic theories that claim increased supply leads to lower prices, assuming, of course, that “all things remain equal.”
But as any economist will caution, real life rarely honors that neat assumption. A major disruptor has emerged in the form of Nigerian farmers, particularly in the North, who are capitalizing on the weak naira by exporting produce to West African and Asian countries for foreign earnings. This outflow, combined with limited imports, has only intensified food scarcity and price inflation at home.
Despite attempts by the organized private sector to stem these exports, they’ve had little success persuading farmers to sell locally. Meanwhile, the government’s removal of subsidies on petrol, electricity, and foreign exchange has only worsened the crisis, fueling a staggering 39.93% food inflation rate.
As affordability slips further out of reach, nutrition experts are promoting practical alternatives. Professor Ignatius Onimawo suggests substituting animal protein with local plant-based sources like beans, groundnuts, and Bambara nuts. Similarly, Professor Beatrice Ogunba recommends eggs as a protein-rich and economical alternative to chicken, along with regular consumption of fruits, cereals, and vegetables. Professor Wasiu Afolabi echoes these sentiments, urging a national pivot toward locally sourced food items over costly imports.
In the short term, government interventions such as subsidized food sales at controlled prices may provide temporary relief. However, as seen with past fuel subsidies, this approach risks fostering large-scale corruption. A more sustainable strategy lies in long-term investment: securing farmlands, providing modern agricultural equipment and inputs, and supporting agro-allied industries to process and preserve local produce.
It’s also critical to revisit and revitalize dormant institutions such as commodity boards, the commodities stock exchange, and the Bank of Agriculture, restoring their roles in stabilizing food systems and supporting smallholder farmers.
Minister Abubakar Kyari must step up if Nigeria is to avoid the impending threat of famine. Food insecurity is not a distant threat; it’s a present crisis. President Tinubu must ensure his agriculture minister embraces the urgency of his role, moving beyond temporary food palliatives to real, scalable solutions. Governors across all states must also take ownership of this challenge to ensure every Nigerian can afford to eat.
