The Political Economy of Food Price Policy in Nigeria
The food crisis of 2008 in Nigeria was influenced by price changes in the world market and the escalation of the price of imported fuel into Nigeria which led to sharp increases in the prices of agricultural inputs and transportation cost. The soaring prices of food staples benefited the producers w...
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| Format: | Book Chapter |
| Language: | Inglés |
| Published: |
Oxford University Press
2015
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| Online Access: | https://hdl.handle.net/10568/150413 |
| _version_ | 1855517044670201856 |
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| author | Olomola, Aderibigbe |
| author_browse | Olomola, Aderibigbe |
| author_facet | Olomola, Aderibigbe |
| author_sort | Olomola, Aderibigbe |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | The food crisis of 2008 in Nigeria was influenced by price changes in the world market and the escalation of the price of imported fuel into Nigeria which led to sharp increases in the prices of agricultural inputs and transportation cost. The soaring prices of food staples benefited the producers whereas there was a worsening of malnutrition among the poor. To cushion the effects within the short-term, the government released grains from the reserve, ordered the import of half a million tonnes of rice to be sold at a subsidized rate and suspended the tariff on rice imports. The short-term price reduction could not be sustained, however, due to food supply shortages, weakness of the Nigerian currency, and the poor implementation of projects. |
| format | Book Chapter |
| id | CGSpace150413 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2015 |
| publishDateRange | 2015 |
| publishDateSort | 2015 |
| publisher | Oxford University Press |
| publisherStr | Oxford University Press |
| record_format | dspace |
| spelling | CGSpace1504132024-10-25T07:54:02Z The Political Economy of Food Price Policy in Nigeria Olomola, Aderibigbe food policies rice food prices The food crisis of 2008 in Nigeria was influenced by price changes in the world market and the escalation of the price of imported fuel into Nigeria which led to sharp increases in the prices of agricultural inputs and transportation cost. The soaring prices of food staples benefited the producers whereas there was a worsening of malnutrition among the poor. To cushion the effects within the short-term, the government released grains from the reserve, ordered the import of half a million tonnes of rice to be sold at a subsidized rate and suspended the tariff on rice imports. The short-term price reduction could not be sustained, however, due to food supply shortages, weakness of the Nigerian currency, and the poor implementation of projects. 2015-02-24 2024-08-01T02:51:45Z 2024-08-01T02:51:45Z Book Chapter https://hdl.handle.net/10568/150413 en Open Access Oxford University Press Olomola, Aderbigbe. 2015. The Political Economy of Food Price Policy in Nigeria. In Food price policy in an era of market instability: A political economy analysis, ed. Per Pinstrup-Andersen.Part V: The Political Economy of Food Price Policy in Low and Middle-Income Countries Heavily Dependent on Food Import. Oxford, UK: Oxford University Press. Chapter 13 pp 275 - 295. https://doi.org/10.1093/acprof:oso/9780198718574.003.0013 |
| spellingShingle | food policies rice food prices Olomola, Aderibigbe The Political Economy of Food Price Policy in Nigeria |
| title | The Political Economy of Food Price Policy in Nigeria |
| title_full | The Political Economy of Food Price Policy in Nigeria |
| title_fullStr | The Political Economy of Food Price Policy in Nigeria |
| title_full_unstemmed | The Political Economy of Food Price Policy in Nigeria |
| title_short | The Political Economy of Food Price Policy in Nigeria |
| title_sort | political economy of food price policy in nigeria |
| topic | food policies rice food prices |
| url | https://hdl.handle.net/10568/150413 |
| work_keys_str_mv | AT olomolaaderibigbe thepoliticaleconomyoffoodpricepolicyinnigeria AT olomolaaderibigbe politicaleconomyoffoodpricepolicyinnigeria |