Lagos, Aug. 21, 2025 (NAN) Some stakeholders have urged the Federal Government to urgently address supply chain disruptions which they say are worsening inflationary pressures across the economy.
The stakeholders included Dr Femi Oke, Chairman of the All Farmers Association of Nigeria in the Southwest, and Prof Ndubisi Nwokoma of the Department of Economics, Caleb University, Lagos.
They gave the advice in separate interviews on Thursday in Lagos with the News Agency of Nigeria (NAN).
Nwokoma urged the Federal Government to tackle underlying factors inhibiting further decline of the country’s inflation rate.
“The Federal Government should invest more in vital infrastructure that can move goods from production points to centres of consumption.
“This will help address structural economic challenges and ensure inflationary pressures decline over time,” Nwokoma added.
He also stressed that the Central Bank of Nigeria (CBN) must continue stabilising the foreign exchange market.
“Currently, the monetary authorities are doing commendably in restoring stability to the foreign exchange market, while intervening where necessary,” Nwokoma noted.
He said such interventions were particularly important in curbing imported inflation from foreign commodities.
Nwokoma further urged government to intensify efforts against insecurity, which continues to hinder food production across the country.
“This will help protect farmers, strengthen output, and move Nigeria closer to food security within a short period,” he said.
Oke, in his remarks, urged the government to adopt a Public Private Partnership (PPP) approach with farmers’ associations to transport produce at subsidised costs to designated markets.
He explained that such intervention would reduce production costs and help ease food-induced inflationary pressures.
Oke commended government for supporting the agricultural sector but stressed that bureaucratic delays were still undermining progress.
“Greater attention should be given to removing bottlenecks in releasing modern agricultural equipment to farmers.
“Delays in delivering such equipment during farming seasons continue to undermine food self-sufficiency efforts,” he added.
He also called on agricultural research institutes to intensify sensitisation campaigns on innovative farm management practices.
Oke further urged government to address the impact of climate change on agriculture.
“The unpredictable weather patterns remain a major drawback to food production in several parts of the country,” he said.
The National Bureau of Statistics (NBS) recently reported that inflation maintained a downward trend in July, declining to 21.88 per cent.
According to its Consumer Price Index, July marked the fifth consecutive decline this year.
The July rate dropped by 0.34 per cent compared to the June figure of 22.22 per cent.
