Obi decries hike in food prices, says inflation biting hard on Nigeria



Obi weeps over effect of inflation on Nigerians

By Valentine Amanze

Mr. Peter Obi, the vice presidential candidate of the People’s Democratic Party (PDP) in 2019 elections, has lamented the continuous hike in food prices, saying if the trend is not reversed, more Nigerians could be further pushed into poverty.

Obi spoke during a visit to Mary Agro Farms, Udi, Enugu State, founded by the Auxiliary Bishop of the Catholic Diocese of Enugu, Rev Ernest Obodo.

The Anambra State former governor also described agriculture as a pivotal component of human existence.

He pointed out that the hike in food prices was reducing the purchasing power of the people and generating more hunger in society, thus pushing more Nigerians into poverty.

Quoting recent World Bank report on Food Price Inflation, Obi said, “About 5.6 million additional Nigerians would be living in poverty. While food price inflation would decrease purchasing power and raise poverty across Nigeria”.

He advised the government to intervene with policies that would stop the rising cost of living, especially foods, as “it is becoming increasingly difficult for many Nigerians to live above the poverty line.”

While praising Bishop Obodo for undertaking such a productive venture capable of not only satisfying the food production needs of the immediate environment, but generating jobs for the within the locality, Obi lamented that insecurity across the country had been the bane of farming in the nation.

Obi however said that government has a major role to play in growing the agricultural sector and improving food production.

His words: “Many farms, today, are abandoned by farmers due to high level of insecurity across the country, thus drastically reducing food production. Government needs to intervene and ensure that farmers go about their activities safely.

“Again, when I talk about government’s support for businesses, it is something we cannot do without. The Bishop today has a large poultry, a big fish pond, a growing piggery and large farms for cultivation of different kinds of crops, with advanced technology. All these he achieved with personal resources. Imagine how far he will go if government gives him much needed necessary support”.

He pledged his support to the Obodo’s agro projects saying “as you know, I will always support any venture that will better our lives as humans and make our society better. The work you are doing here is admirable and I will always support you”.


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