Fatshimetrie draws readers’ attention to the country’s political and economic news. In a country where crucial decisions are made for the well-being of the population, it is essential to take a step back and think critically about these decisions. At the heart of the recent news are two key policies of the Tinubu government: the end of fuel subsidy and the harmonization of exchange rates. These measures, although fundamental, have sparked heated debates regarding their implementation.
It is indisputable that the Nigerian economy has been greatly affected by a series of mismanagements dating back to previous administrations. The burden of a national debt of nearly N8 trillion weighs on the shoulders of the current leaders, inheriting a disastrous economic situation. However, it is crucial to note that the decisions taken today will have a direct impact on the future of the country.
The ongoing food crisis in Nigeria, exacerbated by natural disasters such as the recent floods in Maiduguri, requires immediate and concerted action. With the imminent release of water from the Lagdo Dam in Cameroon, the North East, Benue/Taraba, Kogi and Niger Delta regions are in grave danger. The magnitude of this food crisis cannot be underestimated, and urgent solutions must be put in place.
The food import duty-free policy announced by the Federal Government is a necessary step to mitigate the effects of the crisis. However, the delay in its implementation is jeopardizing Nigeria’s ability to import much-needed food. As floods devastate crops across the world, food supply is becoming increasingly problematic.
Swift action is imperative to avert a humanitarian catastrophe. A review of the food import licensing modalities is needed to ensure that the best-placed entities can contribute to the national effort. In this context, granting Lagos State an import license for unprocessed rice is fully justified.
Lagos, as one of the most populous states in the country, has the resources to import rice. Furthermore, its ability to supply processed rice at lower costs to the southern states makes it a strategic choice. This measure would not only help meet urgent food needs, but also help revitalize the local economy and ensure long-term food security.
In a country facing complex challenges, it is essential to implement policies that are thoughtful and adapted to the reality on the groundBy fostering a pragmatic and people-centred approach, the government can make a significant contribution to addressing current challenges and creating a more sustainable future for all Nigerians.