FG Sets Up NCB Plans to Solve Food Inflation in Nigeria…see details

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CBN

 

CBN

The Federal Government has hinted at plans to establish a National Commodity Board (NCB) as a solution to the escalating food inflation in the country.

 

In tackling price volatility, the board will be given the mandate to assess and regulate food prices, as well as maintain a strategic food reserve for stabilizing prices of crucial grains and other food items.

 

Vice President Kashim Shettima disclosed this on Tuesday during a two-day high-level strategic meeting on climate change, food systems, and resource mobilization held at the Banquet Hall of the Presidential Villa, Abuja.

 

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