The Minister of Finance and Coordinating Minister of the Economy, OLAWALE EDUN has acknowledged concerns over the rising prices of food and commodities in Nigeria, attributing the situation to demand and supply forces.
EDUN said the rising prices of food and commodities in the country had become increasingly worrisome for the federal government.
He, however, revealed that the Federal government is looking forward to a good harvest that will reduce prices.
The minister also pointed out that Nigeria is in the middle of the dry season farming, but the country is anticipating a good dry season harvest.
According to him, a good dry season harvest will reduce the prices of food in particular and the price level in Nigeria in general.