Vendors display food for sale at a market in Mowe, Ogun State in southwest Nigeria, on April 19, 2021. – Nigeria’s economy was already struggling with a fall in the price of oil, Nigeria’s major export, and a weak local naira currency, before the global pandemic struck.Now Nigeria’s inflation has soared to a four-year high of more than 18 percent in March 2021, with food prices up 22.9 percent, according to the National Bureau of Statistics.
The Technical Adviser to the Minister of Agriculture on Knowledge Management and Communication, Richard-Mark Mbaram, who is also a member of the event’s Organising Committee, who made this disclosure during a briefing in Lagos, said this edition would focus on revamping the country’s food system architecture and addressing concerns surrounding critical value chain activities in the agriculture sector.
“The theme resonates with current realities we face globally from the prism of the food system, heavily occasioned by the COVID-19 pandemic. From Nigeria’s perspective, there is so much at stake. With this summit, we are looking to x-ray these realities,” Mbaram said.
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