Presidential spokesman, Daniel Bwala attributes food price reduction to crackdown on insecurity in Nigeria 

In a post on X (formerly Twitter) on Monday, Daniel Bwala dismissed claims that the price reduction was driven by increased importation.

Instead, he asserted that improved security conditions have restored confidence in the agricultural sector, leading to increased local production.

Bwala emphasized that the government’s decisive actions against banditry, terrorism, and farmer-herder conflicts have encouraged farmers to return to their farmlands, boosting food supply and stabilizing prices.

“The reason the food prices are crashing is because we have dealt a heavy blow to insecurity, hence farmers enthusiastically go to farm and do what they do best. President Tinubu @officialABAT means business,” he wrote.

Addressing reports suggesting that food importation was responsible for the price decrease, Bwala described such claims as fake news, allegedly being spread by individuals unhappy with the government’s security gains.

“Ignore the sore losers who are peddling fake news that importation is the reason for crashing of the prices and that President Tinubu is destroying the economy of the North. Such individuals are probably not happy that we are dealing with insecurity,” he added.

Over the past few weeks, reports indicate that staple food prices have started to moderate after months of relentless inflation. Analysts attribute this to increased supply, seasonal harvests, and improved security conditions in key agricultural regions.

In addition, price reductions were recorded for egusi (melon), white garri, beans, frozen fish varieties (kote and Titus), a 25-litre gallon of vegetable oil, and yams.

Also, the National Bureau of Statistics (NBS) released its rebased Consumer Price Index (CPI) on February 18, 2025, which showed that Nigeria’s headline inflation rate dropped to 24.48% in January 2025.