SIGNIFICANT DROP IN FOOD PRICE

The harvest of food crops in the South-west has made appreciable positive impact on the prices of foodstuff, a survey by the News Agency of Nigeria has revealed.

Some farmers and stakeholders, who spoke with NAN correspondents across some states in the zone on Wednesday, attributed the positive development to the sustained focus on agricultural development by the federal government.

They expressed optimism that the effort at revamping the country’s ailing economy would materialise, if the renewed focus on agriculture persisted.

They also cited government’s efforts at strengthening the naira by encouraging locally produced goods.

These actions, they concluded, had boosted food production, resulting to good harvest that had led to a drop in the price of foodstuffs.