Dr. (Mrs.) Olubunmi Akanbi, a distinguished Agricultural Economist and policy analyst, recently underscored the critical link between food security and Nigeria’s economic stability.
Speaking at the University of Abuja Convocation, Dr. Akanbi emphasized that robust agricultural policies fundamental to strengthening the nation’s economy, citing empirical evidence that highlights agriculture’s significant contribution to GDP growth.
She voiced concerns regarding persistent challenges within the agricultural sector, particularly the pervasive insecurity in farming communities that disrupts production.
Dr (Mrs) Akanbi also pointed to inflation and exchange rate volatility as key factors escalating input costs and hindering farmers’ expansion capabilities.
To counter these threats to food availability and affordability, Dr. Akanbi who was among the PhD graduand of the event advocated for urgent and targeted interventions.
She proposed a strategic shift in government policy from general spending to focused investments in mechanization, irrigation, and advanced seed systems—measures proven to enhance yield and ensure a stable food supply.
Highlighting the importance of comprehensive agricultural development, Dr. Akanbi noted that mere food production is insufficient without parallel investments in storage, processing, and transportation infrastructure.
“Such investments are crucial for minimizing post-harvest losses and stabilizing market prices”, Dr (Mrs) Akanbi added.
Concluding her remarks, Dr. Akanbi asserted, “Ultimately, food security is economic security,” warning that a nation unable to feed its populace faces the risks of inflation, unemployment, and social instability.
She expressed confidence that with the implementation of appropriate policies, Nigeria can not only secure its food systems but also forge a more prosperous and resilient future.