Government

The Real Reason For The Increase In The Prices Of Food Items – Kemi Adeosun

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The Minister of Finance, Mrs. Kemi Adeosun, has disclosed why the prices of food items are hitting the rooftops.

According to her, the past administration defaulted in paying suppliers of fertilisers, who consequently failed to supply the items to farmers in the last farming season.

The development, she said, made farmers not to apply fertilisers on their crops leading to low yield and the attendant scarcity of food items, which pushed prices up.

She, however, disclosed that the current administration had already addressed the situation by paying the fertiliser suppliers.

She added that farmers were availed of the product during this year’s planting season, which would culminate in better yield and lower food prices.

Adeosun said in order to preserve produce from this year’s harvest, the government was embarking on the construction of silos to avoid loss of harvest.

 

Kelechi is a writer at The Herald. His many penchants include Poetry, Coding and Rock music. When he is not writing, Kelechi is probably binging on a TV show.

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