Russia And Ukraine War, COVID-19 Cause For Rising Food Prices – Nigerian Gov’t

August 5, 2022
Buhari Mourns Isaac Sagay, Former Nigeria’s Ambassador To The Holy See

Despite rising insecurity affecting farmers in Northern Nigeria, the Minister of Agriculture, Mohammad Abubakar, said COVID-19 and the war between Russia and Ukraine caused prices of foods to skyrocket.

Prime Business Africa had previously reported that food inflation rose from 19.5% in May, to 20.6% in June 2022. The hike was driven by increased price of bread and cereals, food product;, potatoes, yam, and other tubers, meat, fish, oil and fat, and wine.

Join our WhatsApp Channel

Bandits have been attacking farmers in north-west and north-central regions, preventing them from accessing the farms. The attack has affected production and transport, raising cost of production and moving the food from farm to market.

“Truly, if they cannot completely access farms all over the country, you will expect a drop in production but right now we are doing everything possible to make sure both production is maintained through that security provision.” Abubakar said after the ministerial briefing.

He explained that the government has provided security, known as Agro-Rangers, to protect the farmers, hence, food production not dropping significantly, “It is a concern for the government but if you notice, despite that, production has not dropped to any significant level.”

However, Abubakar stated that the rise was due to the aftermath of the COVID-19 and the Russian and Ukraine war that followed after, “When COVID came, it affected a lot of things including food production and the after effect of that is what we are still facing and that will lag for some time before it is stabilised.

“I believe the price of rice has dropped a little bit and we are still working on it.” The Minister said.

Abubakar further explained, “The whole world is currently reeling out of COVID and now battling the consequences of the war in Ukraine and Russia, but things will stabilise and the ministry of agriculture is doing everything possible in terms of addressing the problem; we are not relenting, so that the prices will come down faster.”

Featured Stories

Latest from Business

Each Nigerian Paid Nearly ₦19,000 to Electricity DisCos in December 2025

On average, each electricity consumer in Nigeria contributed about ₦18,860 to distribution companies (DisCos) in December 2025, the Nigerian Electricity Regulatory Commission (NERC) reported Friday. DisCos billed ₦258.66 billion of the ₦309.65 billion worth of electricity supplied, achieving a billing efficiency of
John Holt, CWG, Others End Nigerian Stock Market Losing Streak With N141.70bn Gain

Nigerian Stock Market Valuation Rises By N119bn

The Nigerian Exchange (NGX), also known as the stock market, recorded a N119.03 billion gain on Friday, March 6, after the market valuation of the bourse increased to N126.43 trillion, from the N126.31 trillion reported on Thursday, March 5. At the end

Manufacturers Call for Natural Gas Shift to Maximise Production

Manufacturers in southeast Nigeria have urged a shift from diesel to natural gas to lower soaring energy costs and boost industrial growth, warning that unreliable and expensive power supply threatens the survival of factories. Adaora Chukwudozie, chair of the South-East region of
Previous Story

X-raying The Intellectual Odyssey Of Ambassador Eloho Otobo With Oseloka Obaze

“Declare Your Wealth Source” – Alibaba Dares Nollywood Actors
Next Story

“Declare Your Wealth Source” – Alibaba Dares Nollywood Actors

Don't Miss

Nigeria’s power generation has risen to 5,313 Mega Watts (MW), first time in three years, says the Minister of Power, Bayo Adelabu.

Electricity Consumers Tackle Traducers Of Geometric Power In Aba

Southeast Zonal Chapter of the Electricity Consumers of Nigeria (ECAN)
Popular African Songs on Tiktok 2021

Popular African Songs On Tiktok 2021

Since its launch in 2016, the social media platform Tiktok