Central Bank of Nigeria
Food, Food prices, Food insecurity, Poverty reduction, Nigeria
Trade liberalization stimulated the growth of export of agricultura1 commodities in Nigeria white its serious implementation lasted. As usual with the country, the implementation of trade liberalization policies relaxed .with time. The boost in the ·· agricultural export sector took a down turn and with the advent of democracy, massive imports of luxury goods began to dominate the economic scene. In essence, over the last . is· years, that is, since 1986, when the Structural Adjustment Programme (SAP) came into being. the nation had witnessed a gross neglect of the food_ production sector. As such when food prices began to rise significantly late last year, our response mechanisms were no longer existing, rather policy makers were reported to only think of food imports as the solution.
CBN Economic and Financial Review
Okuneye, P. A. (2001). Rising Cost of Food Prices and Food Insecurity in Nigeria and its Implication for Poverty Reduction. CBN Economic and Financial. 39(4), 88-110.