The Centre for the Promotion of Private Enterprise (CPPE) has called on the Federal Government to urgently establish a National Farm Price Stabilization and Farmer Income Protection Framework, describing it as essential to achieving sustainable food security in Nigeria.
The call was made by CPPE’s Chief Executive Officer, Dr. Muda Yusuf, in a sustainable food security statement issued by the organisation at the weekend, where he outlined key reforms needed to strengthen the agricultural sector.
According to him, ongoing price volatility, weak market structures, and persistent policy uncertainty are eroding agricultural productivity and discouraging long-term private sector investment across Nigeria’s 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 stressed that sustainable food security can only be achieved through policies that strengthen market institutions and encourage efficiency, innovation, and robust private sector participation, rather than short-term interventions that distort prices and undermine confidence in the agricultural economy.
He made the remarks against the backdrop of a deepening food price crisis in the country, noting that food inflation remained high at 15.15 percent and 10.84 percent in December 2025, despite claims of easing pressures.
