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The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has given assurance to Nigerians that food prices will come down in the coming months.<\/p>\n

According to him, food inflation will come down with the dry season and wet season harvest.<\/p>\n

Edun noted that food insecurity is a worldwide phenomenon, adding that the government has dedicated special funding for infrastructure to boost agriculture output.<\/p>\n

The Minister stated this while fielding questions as a guest on Channels Television\u2019s Sunday Politics programme.<\/p>\n

He emphasized that the focus of the government has been to increase food production through the provision of seeds, fertilisers, amongst others.<\/p>\n

\u201cInflation, yes, it is high at 33.65%; food inflation at 40.5% is worrisomely high, but the fact is that inflation is coming down, month-on-month.<\/p>\n

\u201cIt is slowing and it is expected to reduce as we continue the dry season harvest and then we go into the wet season harvest.<\/p>\n

\u201cThat is the place to focus on and a lot of emphasis is being placed on that to get agriculture output up, to get prices down, and that will be a big factor in bringing down inflation,\u201d he said.<\/p>\n

Food inflation will reduce with dry season harvest \u2013 Minister<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has given assurance to Nigerians that food prices…<\/p>\n","protected":false},"author":1,"featured_media":35349,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,4125],"tags":[8,16561,4126,2159,2741,472,2189,180,907,2286,4127,876,364],"class_list":["post-35348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-wale-edun","tag-akwa-ibom","tag-dry","tag-edun","tag-food","tag-harvest","tag-inflation","tag-minister","tag-news","tag-reduce","tag-season","tag-wale","tag-will","tag-with"],"yoast_head":"\n