Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has given assurance to Nigerians that food prices will come down in the coming months.
The Minister who stated this while fielding questions as a guest on a television programme, said food inflation will come down with the dry season and wet season harvest.
Edun noted that food insecurity is a worldwide phenomenon, adding that the government has dedicated special funding for infrastructure to boost agriculture output.
He emphasized that the focus of the government has been to increase food production through the provision of seeds, fertilisers, and other farm inputs..
The minister revealed that inflation is slowing down and it is expected to reduce as the dry season harvest closes in and with the coming of the wet season harvest.
“That is the place to focus on and a lot of emphasis is being placed on that to get agriculture output up, to get prices down, and that will be a big factor in bringing down inflation,” he said.