Uche Nwosu, the former Chief of Staff to the Imo State Governor and President of the Ugwumba Leadership Center for Africa, has stated that President Bola Ahmed Tinubu’s declaration of a state of emergency on food security is a strategic move to mitigate the impact of fuel subsidy removal. Nwosu applauded Tinubu for this decision, considering it the right course of action.
In a statement, Nwosu expressed his support for Tinubu’s declaration, emphasizing its significance. He stated, “The recent declaration of a state of emergency on food security, pricing, and sustainability by President Bola Ahmed Tinubu is undoubtedly a positive development.”
According to Nwosu, the President’s action demonstrates his understanding and acknowledgment of the consequences of removing subsidies on petrol motor spirit (PMS) and its impact on Nigerians, particularly the economy of households. The current food inflation in the country has raised concerns among stakeholders, and there is hope for immediate and innovative solutions to address the hardships citizens face.
President Tinubu has proven himself to be a hands-on leader who closely monitors national developments by prioritizing urgent intervention through the state of emergency declaration in the food security sector. He has shown his awareness of the rising food costs and its effects on citizens.
Nwosu agrees with the thematic areas of focus outlined in the President’s speech, which highlight the need for immediate, medium-term, and long-term interventions and solutions. As a mitigation strategy, the President intends to deploy savings from the fuel subsidy removal to revamp the agricultural sector and release fertilizers and grains to farmers and households.
Additionally, Nwosu supports Tinubu’s call for synergy between the Ministry of Agriculture and Water Resources to ensure adequate irrigation of farmlands and year-round food production.
Nwosu further proposes the establishment of a National Commodity Board in Nigeria, responsible for reviewing and continuously assessing food prices. This board would maintain a strategic food reserve to stabilize prices of essential grains and other food items, effectively moderating fluctuations in food prices.
In conclusion, Uche Nwosu commends President Tinubu’s decision to declare a state of emergency on food security, recognizing its importance in addressing the challenges caused by the removal of fuel subsidies. He supports the President’s proposed interventions and emphasizes the need for collaboration between relevant ministries and establishing a National Commodity Board to ensure stable food prices.