Mr. Olatunbosun Oyintiloye, a Chieftain of the All Progressives Congress (APC) in Osun State, commends President Bola Tinubu for approving a 50% reduction in agricultural inputs’ cost ahead of the dry season farming, emphasizing the positive impact on food production and affordability.
Oyintiloye, speaking in Osogbo, highlighted the importance of the subsidy, particularly in aiding farmers to enhance production, ultimately contributing to increased food availability at reasonable prices for the populace.
Recalling Minister of Agriculture and Food Security Senator Abubakar Kyari’s announcement on November 25, Oyintiloye shared that the federal government plans to support 250,000 wheat farmers with a 50% input subsidy for cultivation during the dry season.
As part of the defunct APC Presidential Campaign Council, Oyintiloye acknowledged the current food inflation rate of 31.5%, underscoring the significance of President Tinubu’s subsidy in addressing this challenge.
He stated, “We need to commend President Tinubu for this 50% subsidy on farm inputs. This will go a long way to boost food security, attract private sector investment, reduce post-harvest losses, as well as add value to local agricultural produce in the country.”
Oyintiloye expressed optimism about positive changes in food prices and surpluses due to the president’s various agricultural interventions, including fertilizers, improved seeds, agricultural mechanization, and grants.
While praising the government’s commitment to food security, he urged direct communication with farmers through their associations, facilitating unhindered access to intervention programs. This approach, he believes, will contribute to making Nigeria self-sufficient in terms of agricultural produce.
