Public sector economist and senior lecturer at the University of Agricultural and Environmental Science, Dr. Desmond Echeta, has explained the reasons behind the recent decline in food prices and reduction in inflation across the country.
Speaking to our reporter, Dr. Echeta attributed the positive trend to the Federal Government’s short-term economic measures, which have helped lower production costs and stabilize market prices.
According to him, key interventions such as the reopening of land borders, the donation of two million bags of fertilizer to local farmers, and a 50% discount on locally produced fertilizer have significantly boosted agricultural productivity and reduced food prices nationwide.
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