Dele Alake, the presidential spokesman, provided this information during a press briefing on Thursday at the State House.

The National Security Council should manage all issues relating to the accessibility and affordability of food and water, which are essential for daily life, per the President’s directive.

The Tinubu administration’s commitment to assisting the country’s most vulnerable citizens is consistent with this instruction.

Alake pointed out that the President is aware of how the rising cost of food is affecting the financial security of the Nigerian people.

To alleviate the effects of the subsidy removal, President Tinubu ordered the prompt release of fertilizers and grains to farmers and households.

The President said the Central Bank of Nigeria will continue to play a role of funding the agricultural value chain.

According to Tinubu, 500,000 hectares of have already been mapped land to increase the availability of arable land for farming. The revenue from food and agricultural exports would be increased.

Tinubu was quoted saying, “There must be an urgent synergy between the Ministry of Agriculture and the Ministry of Water Resources to ensure adequate irrigation of farmlands and to guarantee that food is produced all year round.

“We shall create and support a National Commodity Board that will review and continuously assess food prices as well as maintain a strategic food reserve that will be used as a price stabilisation mechanism for critical grains and other food items. Through this board, the government will moderate spikes and dips in food prices.

“To achieve this, we have the following stakeholders on board to support the intervention effort of President Bola Ahmed Tinubu: The National Commodity Exchange (NCX), Seed Companies, National Seed Council and Research institutes, NIRSAL Microfinance Bank, Food Processing/ Agric Processing associations, private sector holders & Prime Anchors, smallholder farmers, crop associations and Fertilizer producers, blenders and suppliers associations to mention a few.

“We will engage our security architecture to protect the farms and the farmers so that farmers can return to the farmlands without fear of attacks.”