Nigeria’s Grain Price Floor Launched | Nigeria News

Nigeria’s government just dropped a major lifeline for farmers with the Renewed Hope Guaranteed Minimum Price Programme — pledging 350,000 Naira per tonne for maize, sorghum, and soybeans to protect over 11.5 million households from plummeting grain prices. Managed by the Bank of Agriculture, the initiative will buy half a million tonnes, paying farmers directly via bank accounts through aggregation companies — no political favors needed. Partnering with the Nigeria Commodity Exchange, it’ll store grains and even release them to prevent runaway price spikes, all while using tech to track every grain from farm to market. This isn’t just relief — it’s a bold step toward food security and fair returns for Nigerian farmers who’ve long demanded this kind of support. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/8eb041b8c5e66106