CPPE Advocates for Support to Nigerian Farmers Amid Inflation

The Centre for the Promotion of Private Enterprise (CPPE) has urged the federal government of Nigeria to implement targeted measures to support farmers in light of falling food prices and easing inflation, which stood at 15.10% in January 2026. In a recently released policy brief, the CPPE emphasized that moderate prices can enhance household welfare but pose significant threats to rural livelihoods.

They argue that the government should protect farm incomes to prevent future production collapses. The CPPE recommends a multi-pronged approach to sustain food affordability without bankrupting Nigerian farmers, including the introduction of minimum guaranteed prices for selected crops and expanding agro-processing capacity to absorb surplus output.

Additionally, they urge the government to strengthen strategic reserves to provide product support and help farmers maintain margins even as market prices cool. The National Bureau of Statistics reported a stark contrast in inflation rates, with food inflation plummeting to 8.89% year-on-year in January 2026, compared to 27.61% the previous year.