• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

      EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences…

      PRNigeria logo fearured image

      EFCC Arraigns Ex-Convict, Other for Naira Abuse in Lagos

  • Fact-Check
  • Economy
    • Acting Controller General of Customs, Nigerian Customs Services, NSC, Ag. CG Bashir Adewale Adeniyi

      Adeniyi Inaugurates Lagos School Renovated by Nigeria Customs 

      Abdullahi Aliyu Maiwada

      Customs’ Maiwada Named Among Nigeria’s 50 Most Influential PR Voices

      Acting Controller General of Customs, Nigerian Customs Services, NSC, Ag. CG Bashir Adewale Adeniyi

      Customs Exposes Scam Over Form M Migration to B’Odogwu Platform

      CBN

      The Facts About Nigeria’s Debts Burden Under Tinubu’s Watch By Zekeri…

      Ibrahim Yahaya Dandakata of Arewa Economic Forum AEF

      AEF Slams CBN’s New BDC Policy, Cites Threat to Northern Economy…

  • National
    • Bashir Adewale Adeniyi Customs Boss

      In Rivers, Customs Hands Over N20.5bn Worth of Fake Drugs to…

      Military Troops in Action

      COUNTER-TERRORISM OPERATIONS: Troops Arrest Terrorists Collaborators, Eliminate Scores, Seize Weapons, Rescue…

      Late President Muhammadu Buhari

      Critique of Renaming University of Maiduguri after Muhammadu Buhari By Dr…

      FULL TEXT: President Tinubu Extols Muhammadu Buhari at Special FEC Session

      Late President Muhammadu Buhari

      Buhari’s Shocker: I look Forward to Leaving, and when it’s …

    • Government
      • Late President Muhammadu Buhari

        Critique of Renaming University of Maiduguri after Muhammadu Buhari By Dr…

        FULL TEXT: President Tinubu Extols Muhammadu Buhari at Special FEC Session

        Nigerian Army Recruits Trainees

        Again, FG Postpone Recruitment into Paramilitary Agencies

        Late President Muhammadu Buhari

        Buhari’s Shocker: I look Forward to Leaving, and when it’s …

        University of Maiduguri

        JUST IN: Tinubu Renames UNIMAID After Muhammadu Buhari

  • Security
    • Bashir Adewale Adeniyi Customs Boss

      In Rivers, Customs Hands Over N20.5bn Worth of Fake Drugs to…

      Military Troops in Action

      COUNTER-TERRORISM OPERATIONS: Troops Arrest Terrorists Collaborators, Eliminate Scores, Seize Weapons, Rescue…

      PRNigeria logo fearured image

      UK-Nigeria Pact to Drive Defence Innovation, Joint Ventures

      Nigeria Police Force Logo

      Police Commence Disciplinary Proceeding Against 151 Senior Officers

      Nigerian Navy

      Navy Hands Over Seized 1,575kg of Indian Hemp to NDLEA in…

  • Features
    • Late President Muhammadu Buhari

      Critique of Renaming University of Maiduguri after Muhammadu Buhari By Dr…

      Late President Muhammadu Buhari

      Buhari’s Shocker: I look Forward to Leaving, and when it’s …

      Buhari: The Soldier Who Couldn’t Conquer Democracy By Umar Farouk Bala

      Gen Lucky Irabor and Muhammadu Buhari

      Beyond the Public Gaze: Gen Irabor’s Intimate Farewell to Buhari

      Vice Admiral Awwal Z Gambo and Late President Muhammadu Buhari

      Tribute to the Late Former President Buhari, By Vice Admiral Awwal…

  • State
    • Bashir Adewale Adeniyi Customs Boss

      In Rivers, Customs Hands Over N20.5bn Worth of Fake Drugs to…

      Nigerian Navy

      Navy Hands Over Seized 1,575kg of Indian Hemp to NDLEA in…

      Nigerian Police Force

      Notorious Bandit Kingpin, Abubakar Magaji Arrested in Sokoto, Gun, Ammunition Recovered

      Police Officer

      FCT Police Arrest 48 in Coordinated Raids on Criminal Hideouts

      MNJTF troops

      MNJTF Troops Arrest Gunrunner in Lake Chad

  • Event
    • Dr Dr. Omoniyi Ibietan of NCC

      APRA Secretary General Omoniyi Ibietan Named ‘PR Change Maker’

      Prof Saudat Abdulbaqi

      Prof Saudat Abdulbaqi Makes History as First Female Dean of UniIlorin’s…

      Late Oba Sikiru Adetona and Late President Muhammadu Buhari

      Oba Sikiru Adetona: The Day Ijebu Lost Its Lion By Tahir…

      President & Chairman of Governing Council, Dr. Ike Neliaku

      On World PR Day, NIPR Charts Bold Path to National Renewal

      Late President Muhammadu Buhari

      Northwest Governors Mourn Buhari, Declare Tuesday Public Holiday

    • PR Nigeria Award
  • E-Paper
Home Government How FG is Addressing High Cost of Food Prices  — Minister
  • Government

How FG is Addressing High Cost of Food Prices  — Minister

By
Rabiu Ibrahim
-
February 11, 2025
Mohammed Idris
Mohammed Idris

How FG is Addressing High Cost of Food Prices  — Minister

The Minister of Information and National Orientation, Mohammed Idris, has reaffirmed the Federal Government’s commitment to lowering the cost of food commodities through massive investments in agricultural production.

Idris stated this in Abuja on Tuesday at a press briefing to kick-start the Ministerial Briefing Session for 2025.

He emphasized that while the government will not impose price controls on food commodities, in line with the principles of a free-market economy, it remains focused on reducing prices by boosting agricultural production and increasing supply.

“In the past, we used to have these commodity boards where prices were fixed but in the spirit of free market and encouraging entrepreneurship, especially within the agricultural value chain, government didn’t feel that it was necessary for them to begin to control prices. Now, what government is doing is to ensure that there is massive production of food items and it’s a supply and demand issue. Once you have whatever you need in abundance, the tendency is that the price will automatically come down,” he said.

 

While speaking on the successes in the security sector, Idris said in 2024, the security forces neutralized more than 8,000 terrorists and bandits, and arrested 11,600 others, with more than 10,000 weapons recovered.

 

He stated that with the government’s sustained efforts against terrorists and bandits, the nation’s highways are becoming increasingly safer.

“While we still have a lot of work ahead, our highways have grown safer. The hitherto notorious Abuja-Kaduna highway is one example. As I said, there’s still much more to be done, and we will not relent in our effort.

“Additionally, about 8,000 kidnap victims were successfully rescued. We will continue to work to drive down the number of victims while scaling up our success stories in terms of deterrence, crime-solving, and prosecutions,” he said.

Read Also:

  • In Rivers, Customs Hands Over N20.5bn Worth of Fake Drugs to NAFDAC
  • COUNTER-TERRORISM OPERATIONS: Troops Arrest Terrorists Collaborators, Eliminate Scores, Seize Weapons, Rescue Captives Across N’East
  • Adeniyi Inaugurates Lagos School Renovated by Nigeria Customs 

The Minister added that, following their designation as a terrorist organization by a Federal High Court, security forces are now empowered to apply maximum force against the Lakurawa armed group.

On the economy, Idris stated that the Federal Government’s reforms are delivering significant results across key sectors, particularly with the removal of fuel subsidy, which has successfully plugged leakages amounting to hundreds of billions of Naira annually.

 

He said the introduction of the Electronic Foreign Exchange Matching System (EFEMS) in December 2023 has enhanced transparency in foreign exchange transactions and facilitated the clearance of billions of dollars in backlogs, and restored investor confidence to the country.

 

“Last week, the Naira reached an eight-month high in the official market, while foreign capital inflow into the Nigerian Stock Exchange rose from 4% in mid-2023 to an average of 16% by the end of 2024,” he said.

 

Additionally, he said, in 2024, Nigeria emerged as the most attractive destination for oil and gas investments in Africa, securing over $5 billion in Final Investment Decisions (FIDs).

 

The Minister described 2025 as a year of consolidation, building on the progress made in the first 19 months of the Tinubu administration as it approaches its mid-term.

 

“Over the next three months, as we approach the second anniversary of President Bola Ahmed Tinubu’s Administration, we will bring Honorable Ministers to this platform, on a weekly basis.

 

“This year 2025 is a year of consolidation, a year for building on the gains we have seen in the first 19 months of the administration. This maiden edition for 2025 is an opportunity to remind us of these gains, and to set the context in which these gains are being recorded, as we proceed into the mid-point of this administration,” he said.

 

Rabiu Ibrahim

Special Assistant (Media) to the Minister of Information and National Orientation.

 

February 11, 2025

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Lakurawa armed group
  • Ministerial Briefing Session
  • Mohammed Idris
Previous articlePresident Tinubu: Strengthening security, securing the people, by Fredrick Nwabufo
Next article18 Directors Fail Preliminary Stage of Perm Secretary Selection Exam
Rabiu Ibrahim
Rabiu Ibrahim
Xing

RELATED ARTICLESMORE FROM AUTHOR

Late President Muhammadu Buhari

Critique of Renaming University of Maiduguri after Muhammadu Buhari By Dr Umar Ardo

FULL TEXT: President Tinubu Extols Muhammadu Buhari at Special FEC Session

Nigerian Army Recruits Trainees

Again, FG Postpone Recruitment into Paramilitary Agencies

Late President Muhammadu Buhari

Buhari’s Shocker: I look Forward to Leaving, and when it’s time, I go to my Grave By Femi Adesina

University of Maiduguri

JUST IN: Tinubu Renames UNIMAID After Muhammadu Buhari

Official_JAMB_logo

JAMB Raises Alarm Over 9,469 Illegal Admissions in 20 Tertiary Institutions

MNJTF troops

MNJTF Troops Arrest Gunrunner in Lake Chad

Late Oba Sikiru Adetona and Late President Muhammadu Buhari

Oba Sikiru Adetona: The Day Ijebu Lost Its Lion By Tahir Ahmad

Buhari: The Soldier Who Couldn’t Conquer Democracy By Umar Farouk Bala

Gen Lucky Irabor and Muhammadu Buhari

‘Buhari Had Never Met Me Before Appointing Me’ — Gen. Irabor Pays Emotional Tribute to Late President

Türkiye’s Ambassador-designate to Nigeria, Mehmet Poroy

Türkiye Warns of ‘Fethullah’ Terrorist Group’s Presence in Nigeria

President Bola Tinubu paying final respect to Late President Muhammadu Buhari

Buhari Laid to Rest in Daura as Tinubu, Shettima, World Leaders Pay Final Respects

Recent Posts

  • In Rivers, Customs Hands Over N20.5bn Worth of Fake Drugs to NAFDAC
  • COUNTER-TERRORISM OPERATIONS: Troops Arrest Terrorists Collaborators, Eliminate Scores, Seize Weapons, Rescue Captives Across N’East
  • Adeniyi Inaugurates Lagos School Renovated by Nigeria Customs 
  • UK-Nigeria Pact to Drive Defence Innovation, Joint Ventures
  • Customs’ Maiwada Named Among Nigeria’s 50 Most Influential PR Voices
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
In Rivers, Customs Hands Over N20.5bn Worth of Fake Drugs to NAFDACCOUNTER-TERRORISM OPERATIONS: Troops Arrest Terrorists Collaborators, Eliminate Scores, Seize Weapons, Rescue Captives Across N'EastAdeniyi Inaugurates Lagos School Renovated by Nigeria Customs UK-Nigeria Pact to Drive Defence Innovation, Joint VenturesCustoms' Maiwada Named Among Nigeria’s 50 Most Influential PR VoicesCritique of Renaming University of Maiduguri after Muhammadu Buhari By Dr Umar ArdoFULL TEXT: President Tinubu Extols Muhammadu Buhari at Special FEC SessionAgain, FG Postpone Recruitment into Paramilitary AgenciesBuhari's Shocker: I look Forward to Leaving, and when it's time, I go to my Grave By Femi AdesinaAPRA Secretary General Omoniyi Ibietan Named ‘PR Change Maker'JUST IN: Tinubu Renames UNIMAID After Muhammadu BuhariJAMB Raises Alarm Over 9,469 Illegal Admissions in 20 Tertiary InstitutionsPolice Commence Disciplinary Proceeding Against 151 Senior OfficersNavy Hands Over Seized 1,575kg of Indian Hemp to NDLEA in LagosNotorious Bandit Kingpin, Abubakar Magaji Arrested in Sokoto, Gun, Ammunition Recovered
X whatsapp