The Centre for the Promotion of Private Enterprise (CPPE) has urged the Federal Government to prioritize the establishment of a National Farm Price Stabilization and Farmer Income Protection Framework as a critical step toward achieving sustainable food security in Nigeria.
CPPE Chief Executive Officer, Dr. Muda Yusuf, made this call in its sustainable food security statement issued at the weekend.
He said persistent price volatility, weak market structures, and policy uncertainty continue to undermine agricultural productivity and discourage long-term private sector investment in the food system.
According to Yusuf, the proposed framework should be designed to reduce uncertainty, protect farmers’ incomes, and create an enabling environment that attracts private capital across the agricultural value chain.
He stressed that such a framework must be rules-based rather than discretionary, targeted instead of universal, and market-friendly rather than command-driven.
He further noted that digital tools should be central to the framework’s implementation to enhance transparency, efficiency, and accountability in pricing, procurement, and farmer support mechanisms.
“Nigeria’s food security challenge cannot be solved by heavy-handed government controls.
“The focus should be on correcting market failures—especially in storage, logistics, finance, processing, and access to reliable market information—rather than crowding out private enterprise,” Yusuf said.
He argued that inadequate storage facilities, poor transport infrastructure, and limited access to affordable financing expose farmers to post-harvest losses and income shocks while discouraging investment in large-scale production and agro-processing.
He maintained that a well-structured price stabilization and income protection framework would help cushion farmers against extreme price swings, ensure more predictable returns, and ultimately improve food availability and affordability for consumers.
Yusuf added that sustainable food security depends on policies that strengthen market institutions and incentivize efficiency, innovation, and private sector participation, rather than short-term interventions that distort prices and weaken confidence in the agricultural economy.
His comments come as Nigerians face a food price crisis despite headlines, and food inflation stood at 15.15 percent and 10.84 percent in December 2025.
Eze Chidiebere Paul
I'm dedicated to creating high-quality content that informs, inspires, and delights. If you have any questions or suggestions, don't hesitate to get in touch. Happy reading!
