The Minister of Agriculture and Food Security, Abubakar Kyari, says the present food scarcity in the nation and the increasing cost of food is caused by the smuggling of food across Nigerian borders and the Naira redesign policy.
The minister made this statement when he appeared in the sectoral debate organized by the House of Representatives, stressing that flooding, which destroyed farmland across the country was another impediment to food security in the country.
He said the policy resulted in smallholder farmers lacking the necessary funds to cultivate their farms during the 2022/2023 period.
According to him, small-scale farmers had no access to cash because of the naira redesign policy and currency swap, especially to pay for their harvest towards the end of 2022, as well as pay for cultivation during the commencement of the wet season.