The Centre for the Promotion of Private Enterprise (CPPE) has called on Nigeria’s Federal Government to prioritize the creation of a National Farm Price Stabilization and Farmer Income Protection Framework, positioning it as essential for achieving long-term food security.
Dr. Muda Yusuf, CPPE’s Chief Executive Officer, outlined this recommendation in a recent statement on sustainable food security. He identified persistent price volatility, weak market structures, and policy uncertainty as key factors undermining agricultural productivity and deterring private investment across the food system.
Yusuf specified that any framework must be rules-based rather than discretionary, targeted instead of universal, and market-friendly rather than command-driven. Its core objectives should be to reduce uncertainty, safeguard farmer incomes, and attract private capital throughout the agricultural value chain. He emphasized that digital tools must be central to implementation to improve transparency and efficiency in pricing, procurement, and support mechanisms.
The CPPE boss argued that Nigeria’s food security challenges require correcting systemic market failures—particularly in storage, logistics, finance, processing, and access to market information—rather than implementing heavy-handed government controls that crowd out private enterprise. Inadequate infrastructure and financing expose farmers to significant post-harvest losses and income shocks, which in turn stifle investment in large-scale production and agro-processing.
A well-structured stabilization framework, Yusuf maintained, would cushion farmers against extreme price swings, ensure predictable returns, and ultimately enhance food availability and affordability for consumers. He stressed that sustainable solutions depend on policies that strengthen market institutions and incentivize efficiency and private sector participation, moving away from short-term interventions that distort prices.
This call comes amid elevated food inflation, which stood at 15.15 percent and 10.84 percent in December 2025, according to official data, highlighting the urgency of structural reforms. The CPPE’s proposal signals a push for a private sector-led approach to stabilize the sector, suggesting that lasting food security hinges on building resilient market frameworks rather than temporary fixes.
