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Federal Govt Laments High Cost Of Food

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The Federal Government has said it is concerned over the continuous rise in the prices of food and other commodities, which resulted in protests in Niger and Kano.


The Minister of Finance and Coordinating Minister of the Economy, Olawale Edun, stated this while addressing a bilateral meeting with a visiting German delegation.


The delegation was led by the country’s Minister of Economic Cooperation and Development (BMZ), Svenja Shulze, in Abuja on Monday.

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Edun explained that the situation, which has sparked growing discontent among the citizenry, was driven by the forces of demand and supply in the country.


Worried by the increasing price of commodities, some youths and women resented what they perceived as the mass purchase of food items for hoarding and exporting outside the country.

The police noted they used “minimum force” to disperse protesters who blocked the Minna-Bida Road and arrested some whose activities were obstructing vehicular and human movement.


Similarly, Kano State Governor, Abba Yusuf, lamented on Monday that many people in his state were living in misery amid starvation and acute hunger.