• About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
Tuesday, August 25, 2026
  • Login
No Result
View All Result
NEWSLETTER
iNews Times
  • Home
  • Headlines
  • News
  • National
  • International
  • Politics
  • Business
  • Education
  • Sports
  • Entertainment
  • Metro
  • Home
  • Headlines
  • News
  • National
  • International
  • Politics
  • Business
  • Education
  • Sports
  • Entertainment
  • Metro
No Result
View All Result
iNews Times
No Result
View All Result
Home News

‎AFAN Raises Alarm Over Inflation Across Nigeria

‎AFAN blames hoarding, rising logistics expenses and fertiliser scarcity for worsening food inflation across Nigeria

byIjeoma Favour
May 8, 2026
in News
‎AFAN Raises Alarm Over Inflation Across Nigeria

Share this

  • Facebook
  • X
  • WhatsApp
  • Email
  • LinkedIn
  • SMS
  • Telegram

…‎AFAN chairman stressed the importance of protecting farmers and farmlands to guarantee national food security.

‎LAGOS, NIGERIA – The iNews Times| The All Farmers Association of Nigeria (AFAN), Lagos State Chapter, has blamed the rising cost of food items across the country on the activities of middlemen, increasing transportation expenses, and fertiliser shortages.

‎

‎Acting Chairman of AFAN in Lagos State, Sakin Agbayewa, disclosed this during an interview with the News Agency of Nigeria (NAN) on Thursday in Lagos.

RelatedPosts

NSCDC sanctions 79 personnel over misconduct and security breaches

Osun State Government sues EFCC over frozen bank accounts

Tiger Base Faces Multiple Court Challenges Over Alleged Torture and Missing Children

‎

‎According to Agbayewa, middlemen often take advantage of festive periods such as the upcoming Ileya (Sallah) celebration to hoard food items and resell them at inflated prices for profit.

‎

‎“There is no doubt that food prices are currently rising across the country, but some of the factors are man-made,” he said.

‎

‎“We are approaching the Ileya celebration, and foodstuff, especially vegetables, usually become more expensive during festive periods. The middlemen are already buying up food items and reselling them at higher prices. This has become a recurring trend during major celebrations.”

‎

‎He called on governments at all levels to take deliberate action against exploitative practices by middlemen in order to protect consumers during festive seasons.

‎

‎Agbayewa also linked the rising food prices to disruptions in global supply chains, particularly the scarcity of fertilisers caused by ongoing tensions involving the United States, Iran, and Israel.

‎

‎According to him, the situation has affected fertiliser imports and significantly increased production costs for farmers.

‎

‎“Ships are not coming in as expected, fertilisers are scarce, and the little available is expensive,” he explained.

‎

‎He, however, noted that the government, through the National Agricultural Development Fund and the Lagos State Government, plans to distribute free fertilisers to farmers to ease the burden.

‎

‎The AFAN chairman further identified the soaring cost of transportation as another major factor driving up food prices nationwide.

‎

‎“The cost of moving food items from farms to markets has increased significantly, and this is reflected in market prices,” he said.

‎

‎“The government needs to address the rising logistics costs before the situation worsens.”

‎

‎Agbayewa stressed the importance of protecting farmers and farmlands to guarantee national food security, adding that increased agricultural productivity would boost employment, economic stability, and peace across the country.

‎

‎“When there is food security, there is peace of mind, employment and security in the country,” he added.

‎

Ijeoma Favour

Ijeoma Favour

Related Posts

No Content Available
Next Post
Progressive Governors Forum Chairman: Report Names Peter Mbah Amid Uzodinma Removal Claims

Progressive Governors Forum Chairman: Report Names Peter Mbah Amid Uzodinma Removal Claims

Recommended

Power subsidy climbs close to ₦2tn per year

Power subsidy climbs close to ₦2tn per year

8 months ago
‎Chidoka Slams Rising Nomination Costs, Counters APC’s Position

‎Chidoka Slams Rising Nomination Costs, Counters APC’s Position

5 months ago

Popular News

  • Adeleke Accuses APC of Deploying Imported Police Officer to Undermine Osun Poll

    Adeleke Accuses APC of Deploying Imported Police Officer to Undermine Osun Poll

    0 shares
    Share 0 Tweet 0
  • NSCDC sanctions 79 personnel over misconduct and security breaches

    0 shares
    Share 0 Tweet 0
  • Osun State Government sues EFCC over frozen bank accounts

    0 shares
    Share 0 Tweet 0
  • Tiger Base Faces Multiple Court Challenges Over Alleged Torture and Missing Children

    0 shares
    Share 0 Tweet 0
  • Wole Soyinka Lecture: Osita Chidoka Outlines Path to Accountable and Just Nigeria

    0 shares
    Share 0 Tweet 0

Connect with us

About Us

We bring you the news....

Category

  • Agriculture
  • Business
  • Culture
  • Editorial
  • Education
  • Entertainment
  • Headlines
  • Health
  • International
  • Metro
  • National
  • News
  • Opinion
  • Politics
  • SouthEast Times
  • Sports

Quick Links

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions

Read Also…

  • Adeleke Accuses APC of Deploying Imported Police Officer to Undermine Osun Poll
  • NSCDC sanctions 79 personnel over misconduct and security breaches
  • Osun State Government sues EFCC over frozen bank accounts
  • Tiger Base Faces Multiple Court Challenges Over Alleged Torture and Missing Children
  • Wole Soyinka Lecture: Osita Chidoka Outlines Path to Accountable and Just Nigeria
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions

© 2025 iTimes Media & Production Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Headlines
  • News
  • National
  • International
  • Politics
  • Business
  • Education
  • Sports
  • Entertainment
  • Metro

© 2025 iTimes Media & Production Limited