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TheCable

Presidential food committee meets over rising cost of living

Presidential food committee meets over rising cost of living
February 06
19:10 2024

The presidential committee on emergency food intervention is currently meeting at the presidential villa, Abuja over the rising cost of living in the country.

The committee is convened by Femi Gbajabiamila, chief of staff (CoS), to President Bola Tinubu.

TheCable understands that Nuhu Ribadu, the national security adviser (NSA); Yemi Cardoso, governor of the Central Bank of Nigeria (CBN); Tahir Mamman, minister of education; Wale Edun; minister of finance and Abubakar Kyari, minister of agriculture, as well as Mustapha Shehuri, minister of state for agriculture, are in attendance.

On Monday, Some residents of Minna, the capital city of Niger state, blocked major roads in the metropolis to protest the rising cost of living in the country.

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Their demonstration compounded rush hour traffic in the city.

The protesters were chanting Hausa slogans while lamenting the economic hardship and inflationary pressure they are grappling with daily.

Since the removal of the subsidy on petrol by Tinubu on May 29, 2023, there has been a steady increase in the prices of basic items and staples.

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Nigeria’s inflation rate rose to 28.9 percent in December 2023 — up from 28.20 percent in the previous month.

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