Agricultural experts yesterday attributed the persistent fluctuations in food prices in the country to structural challenges in the sector, despite ongoing government interventions to boost production.
The experts in Lagos said while interventions such as subsidised inputs, credit schemes, and mechanisation support were commendable, their impacts had yet to stabilise food prices across markets.
Adewale Ogunbiyi, an agricultural economist, said inconsistent policy implementation and high logistics costs continued to undermine intervention programmes. He said: “Implementation remains the major issue of most government interventions.
Farmers still struggle with transportation, storage, and postharvest losses, which ultimately affect food prices in the markets. “Even when production improves, poor distribution networks create scarcity in some areas and surplus in others, leading to price fluctuations.”
He added that insecurity in farming communities disrupted planting and harvesting cycles. Ogunbiyi said: “When farmers cannot access their farms regularly, supply becomes unstable, and that instability reflects in food prices. “Until we address security and logistics holistically, interventions alone may not stabilise prices.”
