{"id":149895,"date":"2025-02-11T22:25:19","date_gmt":"2025-02-11T21:25:19","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/hardship-why-we-dont-regulate-food-prices-nigerian-govt"},"modified":"2025-02-15T23:32:00","modified_gmt":"2025-02-15T22:32:00","slug":"hardship-why-we-dont-regulate-food-prices-nigerian-govt","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/hardship-why-we-dont-regulate-food-prices-nigerian-govt","title":{"rendered":"Hardship: Why we don\u2019t regulate food prices \u2013 Nigerian govt"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The Nigerian Government has said it does not consider the idea of regulation of food prices in the spirit of free market and encouraging entrepreneurship in the country.<\/p>\n<p>The Minister of Information and National Orientation, Mohammed Idris, stated this during the first ministerial briefing for 2025, which kicked off on Tuesday in Abuja.<\/p>\n<p>The press had reminded the Minister of the high cost of food in markets across the country with speculations about wholesalers and retailers deliberately hiking prices.<\/p>\n<p>Fielding questions from the press, Idris said despite the hardship being felt across the country, the government did not feel that it was necessary to control prices.<\/p>\n<p>\u201cIn the past, we used to have this quality boards where prices were fixed, but in the spirit of free market and encouraging entrepreneurship, especially within the agricultural value chain, the government does not feel it is necessary for them to begin to control prices. Now, what the government is doing is to ensure that there\u2019s massive production of food materials to solve supply and demand issues.<\/p>\n<p>\u201cOnce you have whatever you need in a context, the tendency is that the price will automatically come down.<\/p>\n<p>\u201cHowever, government is also a very dynamic one. If we go further and we see that there\u2019s a need for the President or the council to look at that&#8230; I\u2019m not saying, and I don\u2019t want you to report it as saying that I said there\u2019s going to be good control. That\u2019s not what I\u2019m saying.<\/p>\n<p>\u201cAs of now, the government feels that there should be a market that is free, a market that people can operate within.\u201d<\/p>\n<p>DAILY POST report that despite government interventions in the area of agriculture and food supply, a 50kg of rice, Nigeria\u2019s most common staple, is still sold for above N100,000.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Nigeria<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The Nigerian Government has said it does not consider the idea of regulation of food prices in the spirit of free market and encouraging entrepreneurship in the country. The Minister of Information and National Orientation, Mohammed Idris, stated this during the first ministerial briefing for 2025, which kicked off on Tuesday in [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":149894,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[9410,11816,254],"class_list":["post-149895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-hardship","tag-mohammed-idris","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Hardship: Why we don\u2019t regulate food prices \u2013 Nigerian govt - Nigeria<\/title>\n<meta name=\"description\" content=\"The Nigerian Government has said it does not consider the idea of regulation of food prices in the spirit of free market ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/hardship-why-we-dont-regulate-food-prices-nigerian-govt\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hardship: Why we don\u2019t regulate food prices \u2013 Nigerian govt\" \/>\n<meta property=\"og:description\" content=\"The Nigerian Government has said it does not consider the idea of regulation of food prices in the spirit of free market ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/hardship-why-we-dont-regulate-food-prices-nigerian-govt\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-11T21:25:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-15T22:32:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/02\/sm_1739300700.659716.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"856\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/hardship-why-we-dont-regulate-food-prices-nigerian-govt#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/hardship-why-we-dont-regulate-food-prices-nigerian-govt\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Hardship: Why we don\u2019t regulate food prices \u2013 Nigerian govt\",\"datePublished\":\"2025-02-11T21:25:19+00:00\",\"dateModified\":\"2025-02-15T22:32:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/hardship-why-we-dont-regulate-food-prices-nigerian-govt\"},\"wordCount\":328,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/hardship-why-we-dont-regulate-food-prices-nigerian-govt#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/02\/sm_1739300700.659716.jpg\",\"keywords\":[\"Hardship\",\"Mohammed Idris\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/hardship-why-we-dont-regulate-food-prices-nigerian-govt#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/hardship-why-we-dont-regulate-food-prices-nigerian-govt\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/hardship-why-we-dont-regulate-food-prices-nigerian-govt\",\"name\":\"Hardship: Why we don\u2019t regulate food prices \u2013 Nigerian govt - 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