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The Political Economy of Food Price Policy in Nigeria


  • Olomola, Aderibigbe S.


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 policy measures adopted caused a reversal of the trend of food price increase within six months, generated awareness about the nutritional importance of major food staples, and led to changes in preferences in the demand for food commodities and stimulated increased financing for commercial agriculture. 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.

Suggested Citation

  • Olomola, Aderibigbe S., 2013. "The Political Economy of Food Price Policy in Nigeria," WIDER Working Paper Series 016, World Institute for Development Economic Research (UNU-WIDER).
  • Handle: RePEc:unu:wpaper:wp2013-016

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    References listed on IDEAS

    1. AfDB AfDB, 2009. "MDG Report 2009 - Full Report," MDG Report 99, African Development Bank.
    2. Danielle Resnick & Regina Birner, 2010. "Agricultural Strategy Development in West Africa: The False Promise of Participation?," Development Policy Review, Overseas Development Institute, vol. 28(1), pages 97-115, January.
    3. AfDB AfDB, . "Africa Competitiveness Report 2009," Africa Competitiveness Report, African Development Bank, number 11 edited by Adeleke Oluwole Salami, July-Dece.
    4. François Joseph Cabral, 2008. "Insécurité alimentaire en milieu urbain et rural au Sénégal : les mêmes causes créent-elles les mêmes effets ?," Cahiers de recherche 08-12, Departement d'Economique de l'École de gestion à l'Université de Sherbrooke.
    5. AfDB AfDB, . "AfDB Group Annual Report 2008," Annual Report, African Development Bank, number 64 edited by Koua Louis Kouakou.
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    Cited by:

    1. Niño-Zarazúa, Miguel & Chiripanhura, Blessing, 2013. "The impacts of the food, fuel and financial crises on households in Nigeria. A retrospective approach for research enquiry," MPRA Paper 47348, University Library of Munich, Germany.
    2. repec:bla:jageco:v:68:y:2017:i:1:p:143-163 is not listed on IDEAS
    3. 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.
    4. 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.

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    Agriculture; Economic policy; Food security; Prices;

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