Crisis in maize Supply continues in Nigeria
For over a year now, there has been a critical imbalance in the demand and maize Supply in Nigeria.
The shortfall in supply of maize in the country has led to the price of a ton of maize shooting from N80, 000 in January 2020 to over the current market price of N200,000.00.
The cost of maize is a ticking bomb that will most likely have a negative impact on the wider economy. As an essential component of feed production, the poultry farmers face a looming crisis.
Eggs that was once was the cheapest source of protein has gone as high as N70. The continuous increase in the price of this single crop is beginning to adversely affect the food value chain in Nigeria.
Many rural households in the north will be unable to afford a balanced diet if the price hikes continue.
If the sharp rise in price is allowed to persist could result in a dire situation for the country in the near future.
The big question is, when will Nigeria get out of her current maize Supply crisis?
Watch the Director-General of the Poultry Association of Nigeria (PAN), speak on the root cause of the maize shortfall and what needs to be done to mitigate the impending crisis.
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