The devastating floods which plunged great swaths of agricultural land under water would exacerbate food insecurity, as already, the economy has seen more than a 50 percent rise in the prices of rice, maize, and wheat since the beginning of last year, attributed to fertilizer shortage, surging diesel prices.
The President of the Federation of Agricultural Commodities Association of Nigeria(FACAN), Victor Iyama said that the outcome of the flooding situation has sparked soaring grains and that a new food crisis looms as the country faces a likely rise in the prices of many staples on many tables.
On his part, the Vice Chairman of All Farmers Association of Nigeria (AFAN), Otunba Femi Oke noted that the impact of the flooding was going to be a major strain on food security, as according to him, the recent floods would lead to a spike in grains.