Nigeria Stabilizes Food Prices, Boosts Domestic Production and Reduces Imports
The 2008 food crisis in Nigeria was caused by global price changes and high fuel costs, leading to expensive food and malnutrition. The government took short-term actions like releasing grains and importing rice to stabilize prices. These measures reversed the price increase trend, raised awareness about nutrition, and boosted agriculture financing. Since 2011, long-term policies like the Agricultural Transformation Agenda have increased food production, reduced imports, and kept prices stable. Nigeria has not faced a food crisis since 2008.