 Abundance of Hope Initiative, an NGO, on Monday in Abuja predicted further increase in prices of food items if more efforts were not intensified to address clashes between herdsmen and farmers. Executive Director of the organisation, Mr Taiye Sasona, told newsmen that more farmers were pulling out of farming for fear of being attacked. According to the National Bureau of Statistics (NBS)’ report on inflation, the composite food index rose by 19.56 per cent in Dec. 2020 compared to 18.30 percent in Nov. 2020.
The report noted that the rise in the food index was caused by increases in prices of bread and cereals, potatoes, yam and other tubers, meat, fruits, vegetable, fish and oils and fats. In a survey conducted by newsmen in Abuja in December, a 50kg bag of rice was sold between N38,000 and N40,000 against N35,000 in October while 25kg bag was N20,000. Prices of local varieties of rice, millet and sorghum indicate similar hike, as 100kg bag of rice is sold at N55,000, millet, N18,000 and sorghum, N19, 000 against old prices of N50,000, N15,000 and N14,000 respectively. The organisation has called on the government to step in and help combat the rising level of insecurity so as to ensure food security. Source: Today.NG
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