{"id":126685,"date":"2026-04-22T15:26:52","date_gmt":"2026-04-22T14:26:52","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=126685"},"modified":"2026-04-22T15:26:52","modified_gmt":"2026-04-22T14:26:52","slug":"house-seeks-immediate-intervention-to-check-food-price-instability-boost-farmer-welfare","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/house-seeks-immediate-intervention-to-check-food-price-instability-boost-farmer-welfare\/","title":{"rendered":"House Seeks Immediate Intervention to Check Food Price Instability, Boost Farmer Welfare"},"content":{"rendered":"<div style=\"text-align: justify;\">By Tracy Moses<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The House of Representatives has called on the Federal Government to urgently intervene in stabilising food prices across the country and safeguarding farmers from mounting financial losses caused by a steep decline in the prices of agricultural produce.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The resolution followed the adoption of a motion sponsored by Hon. Bamidele Salam, representing Ede North\/Ede South\/Egbedore\/Ejigbo Federal Constituency of Osun State, during Wednesday\u2019s plenary session.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">While presenting the motion, Salam stressed the importance of agriculture to Nigeria\u2019s economy, describing it as a key driver of employment, rural income, and national food security.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He, however, raised concern over what he described as a sustained and troubling fall in the prices of farm produce nationwide.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cThere has been a consistent and sharp drop in the prices of agricultural produce across the country, affecting staple crops such as cassava, rice, yam and others,\u201d he said.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">According to him, the development has resulted in significant financial setbacks for farmers who invested heavily in production through loans, cooperative schemes, and personal resources.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cFarmers are suffering huge losses after committing substantial resources to seeds, fertilizers, agrochemicals, labour, and transportation, often funded through credit facilities,\u201d Salam added.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He attributed the situation to structural inefficiencies in the agricultural value chain, especially at the post-harvest stage, including inadequate storage infrastructure, weak market coordination, and the absence of reliable off-taker arrangements.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Lawmakers noted that the lack of effective storage and processing facilities has worsened post-harvest losses, compelling farmers to dispose of produce quickly at low prices to prevent spoilage.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The House warned that failure to urgently address the situation could undermine agricultural investment, reduce productivity, and deepen rural economic hardship.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cIf this trend continues unchecked, many farmers may abandon production, leading to lower output, reduced investment in agriculture, and increased pressure on food security,\u201d lawmakers cautioned.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">They further expressed concern that the situation could trigger food shortages, inflationary pressures, and greater reliance on imported food commodities.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The House also observed that the ripple effects extend beyond production, affecting national nutrition and worsening food insecurity, particularly among vulnerable populations.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Following unanimous adoption of the motion, lawmakers urged the Federal Ministry of Agriculture and Food Security, alongside relevant agencies, to implement urgent corrective measures, including structured off-taking systems and price support mechanisms to protect farmers from market volatility.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">They also called for the expansion of storage facilities, strengthening of strategic grain reserves, and development of agro-processing hubs to minimise post-harvest losses and help stabilise market prices.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">In addition, the House mandated the government to formulate a sustainable agricultural price stabilisation policy framework aimed at protecting farmers\u2019 investments, enhancing productivity, and ensuring fair returns on produce.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">To deepen oversight, lawmakers directed the House Committee on Agricultural Production and Services to investigate the underlying causes of the persistent decline in farm-gate prices and report back within two weeks for further legislative consideration.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The situation highlights a recurring imbalance in Nigeria\u2019s food system, where consumers in urban centres face high retail food prices, while farmers in producing areas are forced to sell at very low farm-gate prices due to oversupply, weak infrastructure, and limited access to broader markets.<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>By Tracy Moses The House of Representatives has called on the Federal Government to urgently intervene in stabilising food prices across the country and safeguarding farmers from mounting financial losses&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":126686,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-126685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is 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