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The Political Economy of Food Price Policy in Nigeria

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  • Aderibigbe S. Olomola

Abstract

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.

Suggested Citation

  • Aderibigbe S. Olomola, 2013. "The Political Economy of Food Price Policy in Nigeria," WIDER Working Paper Series wp-2013-016, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2013-016
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    File URL: https://www.wider.unu.edu/sites/default/files/WP2013-016.pdf
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    Citations

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    Cited by:

    1. Blessing M. Chiripanhura & Miguel Niño-Zarazúa, 2016. "The impacts of the food, fuel and financial crises on poor and vulnerable households in Nigeria: A retrospective approach to research inquiry," Development Policy Review, Overseas Development Institute, vol. 34(6), pages 763-788, November.
    2. Emerta A. Aragie & Jean Balié, 2024. "The effect of price support policies under productivity shocks: evidence from an economywide model," International Economics and Economic Policy, Springer, vol. 21(1), pages 1-26, February.
    3. Patrick L. Hatzenbuehler & Philip C. Abbott & Tahirou Abdoulaye, 2017. "Price Transmission in Nigerian Food Security Crop Markets," Journal of Agricultural Economics, Wiley Blackwell, vol. 68(1), pages 143-163, February.
    4. Shittu, Adebayo M. & Obayelu, Oluwakemi A. & Salman, Kabir K., 2014. "Welfare Effects of Policy-induced Rising Food Prices on Farm Households in Nigeria," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 170697, Agricultural and Applied Economics Association.
    5. Olomola, Aderibigbe S., 2015. "Smoothening Trends of Food Prices in Nigeria: Political Economy and Policy Vistas," 2015 Conference, August 9-14, 2015, Milan, Italy 212712, International Association of Agricultural Economists.
    6. Amolegbe, Khadijat B. & Upton, Joanna & Bageant, Elizabeth & Blom, Sylvia, 2021. "Food price volatility and household food security: Evidence from Nigeria," Food Policy, Elsevier, vol. 102(C).

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