Dry Season Farming: Scarcity Of Naira Notes Compound Issues For Farmers

Dry Season Farming: Scarcity Of Naira Notes Compound Issues For Farmers
20 February 2023

With Nigerian farmers yet to recover from the devastating impact of the 2022 floods, the current scarcity of naira notes has added to their challenges as they begin dry season farming.

This new challenge will likely affect moves by farmers to engage in aggressive dry season farming to make up losses in food production, due to the 2022 floods and further impede federal government’s drive to achieve food security.

According to a prediction by the Food and Agriculture Organisation of the United Nations (FAO), over 25 million Nigerians across 26 states and the Federal Capital Territory (FCT) are already projected to face acute food and nutrition insecurity between June and August 2023.

The data which was released in October 2022, revealed that about 17 million  people including IDPs and returnees in 26 states and FCT are expected to be in the third phase of the crisis or even worse through October to December 2022.

In addition 35, 000 people who are currently in food crisis will reach worse situation out of 83 918 refugees in Benue, Taraba and Crise River State.
Although minister of agriculture and rural development, Dr Mohammad Mahmood Abubakar has repeatedly assured Nigerians that there wouldn’t be food shortage in 2023.

The minister recently stressed that Nigerians don’t have to panic over food shortage as the government has begun restocking of strategic food reserve with 200,000 metric tonnes of assorted food commodities.

He said, ” I can tell you that no need to panic. The government, through various interventions apart from the provision in the ministry’s budget, is doing everything possible with our development partners to make sure that the flood does not cause food shortage in this country. 

“We have grains in the silos, the CBN which also produces a lot of food has grains in the silos but we’re not just relying on the silos rather to make sure our production does not stop, we’ll embark on intensive dry season farming .”

But the president of Potato Farmers Association of Nigeria(POFAN), Daniel Okafor told me that Nigerian farmers are undergoing serious problems due to scarcity of naira notes to buy imputs for dry season farming.

In an interview with me, he said food in grain reserve are grossly inadequate to address neeeds should crisis occur.

“The issue of currency redesign has destabilised the whole system. No more flow of buying and selling of goods and services. Farmers doing dry season farming cannot buy any agricultural inputs for their farming activities. Many of our rural farmers have no bank, food insecurity will be the order of the day,” Okafor added if nothing is urgently done.

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