“Soaring costs, slumping prices threaten Nigerian farmers” – Mikati

Mikati

Chairman of the Board of Trustees of the North-West Agricultural Commodities Association, (NOWACAS), Shu’aibu Idris Mikati, has cautioned that Nigerian farmers are sliding into a worsening crisis as rising production costs meet sharply falling farm prices. Mikati raised the alarm on Tuesday during a press briefing in Kaduna, describing the situation as unprecedented and capable of undermining national food security if urgent action is not taken. He explained that although food prices appear high in naira terms, a proper analysis using foreign exchange benchmarks reveals a more complex reality. According…

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