Agric Minister Kyari Claims Government Policies Have Crashed Food Prices by 50%

Agriculture Minister Senator Abubakar Kyari has declared that government policies have reduced prices of essential food commodities by 50% nationwide. Speaking at the 2026 Ministerial Stakeholders’ Retreat in Abuja, Kyari claimed the price drop contrasts sharply with previous years when food prices skyrocketed.

He highlighted achievements including distribution of over 1.9 million bags of fertilizer, road construction to improve market access, solar-powered boreholes, and rural housing and market facilities. Kyari also noted the development of value chains in rice, maize, cassava, cocoa, yam, and oil palm, helping farmers transition from subsistence farming to agribusiness.

He added that these efforts have attracted millions of dollars in agribusiness investments, created jobs, and enhanced the competitiveness of Nigeria’s agricultural sector. Social media reactions were overwhelmingly skeptical, with Nigerians questioning the claim and noting that farmers may be bearing losses if prices have indeed dropped.

Key Points

The 50% price reduction claim contradicts widespread public experience of high food costs.
Skeptical reactions highlight disconnect between official claims and on-ground reality.
Farmers may be absorbing losses if prices have fallen without corresponding input cost reductions.
The claim comes amid broader economic hardship and insecurity affecting food production.
Social media mockery reflects deep public distrust of government narratives.

Minister Kyari’s claim of 50% food price reduction has been met with a torrent of online skepticism, as Nigerians question where these price drops are happening, and who is bearing the cost.

Sources: Vanguard