On July 31, 2023, Nigeria’s President Bola Tinubu unveiled measures to address the soaring cost of living in the country.
These measures include the release of 200,000 tonnes of reserve grain following food store looting in the northeast.
He emphasized that there were no easy alternatives to address the current situation.
This move comes in response to widespread looting of food stores in Adamawa state, where a round-the-clock curfew was imposed to control the situation.
While his decisions to boost long-term investment have had some adverse effects on households, the government is taking steps to support key sectors and ensure the availability of staple foods in the short term.