Federal Govt identifies cause of Hike in food prices, set to reduce it

Federal Govt identifies cause of Hike in food prices, set to reduce it

The Federal government identified high cost of transportation of food items from different parts of the country as the main cause of the recent hike in the prices of all food items.

Federal Govt identifies cause of Hike in food prices, set to reduce it

Minister of Agriculture, Audu Ogbeh, told state house correspondents yesterday that investigations by the task-force showed that the increase in the pump price of diesel caused an increase in the transportation which caused the recent hike in the prices of many food items.

Ogbeh said the Federal government will start using railway wagons to transport food items across the country. He noted that the use of wagons to transport cattle from the North to Lagos has helped in drastically reducing the cost of cattle in the South.

Ogbeh said : “We will also work with state governments to reduce delays experienced by trucks along the roads through all sort of taxes by local governments”

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