Nigeria Secures Maize Farmers With ₦200 Billion Price Guarantee
In a bold move to stabilize food prices and support its agricultural sector, Nigeria has unveiled a ₦200 billion Guaranteed Minimum Price program for maize farmers. This critical intervention aims to cushion producers against market volatility, ensuring a floor price of ₦350,000 per tonne while aiming to bring down consumer prices. The initiative tackles rising input costs and climate challenges, fostering food security across the nation.
Nigerian farmers can now heave a sigh of relief as the federal government has launched a N200 billion Guaranteed Minimum Price (GMP) Programme, that will bring down the prices of grain to ₦380,000 per ton as against ₦500,000 standard price. The Managing Director, Bank of Agricult
This story was sourced from AIT Live and rewritten in SEVA editorial voice. Read the full original at the source.