In response to the growing food prices and economic challenges facing Nigeria, the Catholic Bishops Conference of Nigeria (CBCN) has called on the government to implement targeted measures to alleviate the burden on citizens. The bishops have outlined several strategies that they believe could help stabilize food prices and support economic growth, particularly in the agricultural sector.
One of the primary recommendations from the CBCN is for the government to provide substantial support to farmers. This includes offering subsidies, soft loans, and access to modern technology, as well as providing improved seedlings. However, the bishops were clear in their opposition to genetically modified seedlings, advocating instead for high-quality, natural alternatives that can boost yields without compromising health or environmental standards.
Additionally, the bishops highlighted the importance of securing farmers and their crops. They stressed the need for the government to create a safe environment for farming activities, which is crucial for ensuring consistent food production and supply.
The bishops also emphasized the need to support small and medium-sized enterprises (SMEs) that are involved in adding value to local food products. They suggested that the government could assist these businesses by providing technology for processing, preservation, and packaging. By empowering SMEs, the bishops believe that local food products can become more competitive, reducing the reliance on expensive imports and helping to stabilize food prices.
Another critical issue raised by the CBCN is the burden of multiple taxation on businesses. The bishops pointed out that the current taxation system, which involves various federal, state, and local government agencies imposing multiple taxes on businesses, is contributing to the collapse of many enterprises. This, in turn, leads to increased unemployment and economic instability.
To address this, the bishops urged the government to harmonize taxes and streamline the taxation process. By doing so, they argue that businesses would be better able to cope with high production costs, low sales, and slim profit margins. This would not only improve Nigeria’s ranking on the ease of doing business index but also encourage more investment and economic growth.
Finally, the CBCN called on the government to take urgent and decisive steps towards achieving food self-sufficiency in Nigeria. This involves not only supporting local farmers and SMEs but also creating an enabling environment for private-sector agribusinesses to thrive. By reducing dependence on imported food products and boosting local production, the bishops believe that Nigeria can overcome the current food crisis and build a more resilient economy.
The Catholic Bishops’ recommendations come at a critical time as Nigerians continue to grapple with rising food prices and economic hardships. Their call for comprehensive support for farmers, SMEs, and businesses reflects a broader concern for the well-being of the nation and its citizens. As the Tinubu government considers these suggestions, there is hope that decisive action will be taken to address these pressing issues and bring relief to millions of Nigerians struggling with high food prices and economic challenges.