• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
Nairametrics
Home Opinions Op-Eds

Covid-19 Palliatives: Implications of looting the strategic grain reserve

Emmanuel Ojie by Emmanuel Ojie
October 26, 2020
in Op-Eds, Spotlight
Covid-19 Palliatives: Implications of looting the strategic grain reserve
Share on FacebookShare on TwitterShare on Linkedin

Food security has always been an issue for Governments and Policy Makers the World over from the dawn of time.

Food is a basic need of all people and food security is considered a component of National Security especially in the 21st Century. Hence, what to do with surplus food during the season of bountiful harvests and how to manage food in the time of famine is a never ending challenge.

READ: This report explains why Nigerians are bent on leaving the country

MoreStories

Nigeria’s first domestic dollar bond records 180% subscription 

Nigeria’s foreign reserves slide $547 million over two weeks

March 30, 2026
Scattered U.S. dollar bills."

Banking sector attracts $13.53 billion foreign inflows in 2025 amid recapitalisation drive

March 29, 2026

READ: Lagos Multi-billion naira rice mill nears completion

In the Bible; the Book of Genesis 41 verses 22-31 and 47 verses 13-27, tell the story of Joseph a young Hebrew Man and how his interpretation of Pharaoh’s dream led to the creation of the first Strategic Grain Reserves in the World.

Joseph’s ideas in ancient Egypt, helped that Civilization survive the onslaught of famine that affected all other Kingdoms and groups of that time and have been replicated in varying formats since then. The basic idea has remained the same though, and this has become an integral part of food security for Nations.

READ: Covid-19: World Bank discloses when Sub-Saharan Africa will fall into recession

A Strategic Grain Reserve (SGR) is a government stockpile of grain for the purpose of meeting future domestic (and sometimes International) needs. Government sets aside a part of the public funds to enable it buy these grains and invests heavily in building giant Silos that are used for proper storage of the grains.

In addition to their primary function of ensuring the year-round availability of food in the event of emergencies, the SGR can also be used to help in price modulation. If the price of a particular grain becomes too low as to make it economically unviable for Farmers to produce it, the Government comes and mops up the grains so as to drive up the price, and when it becomes too expensive, the government releases from its stockpile to help stabilise the price.

READ: NCC grants national roaming services approval to MTN, 9mobile

In Nigeria, the SGRs are located in all the States of the Federation (Silos are at different stages of completion and operation) and the grains are released based on the assessment and advice of relevant departments of government.

The National Agricultural Seed Council (NASC) also conserves seeds for onward distribution to Farmers during the planting seasons. Some of these seeds are kept in Silos, but are not edible and therefore separate from the SGR.

Recent incidences of looting of warehouses all around the Nation, have brought to the fore the importance, dangers and complete lack of knowledge of most Nigerians of the SGR and the Stockpile of grains and seedlings kept as a buffer for the Nation.

The Government of Ekiti State raised an alarm on Saturday that huge quantities of poisonous items, mistaken for food yet to be distributed as COVID-19 palliatives, were looted in warehouses in Ado-Ekiti on Friday according to Premium Times an Online news medium.

READ: Soybean Futures reach 2-year high, following U.S sales to China 

According to the Paper, the Federal Government’s silos, the ADP warehouse and the State Emergency Management Agency (SEMA) stores, all in Ado- Ekiti, were attacked by hoodlums under the guise of seeking Covid-19 palliatives. Unfortunately, the items carted away were Single Super Phosphate and NPK fertilisers, which they erroneously thought was “Garri’’ (Cassava grains).

Also on Sunday, October 25, 2020, hoodlums broke into the NACS Warehouse in Bukuru, Jos, Plateau State and looted wheat seeds worth millions of Naira. In both instances, Government has appealed to people not to consume these items because they are not fit for human consumption as they have been treated with Agrochemicals and are only suitable for planting.

Explore Data on the Nairametrics Research Website

Lootings such as these are presently going on in different parts of the nation and the grains so looted would find their way into the Markets and would be sold alongside normal foodstuffs. There is also the prospect of depletion of seeds for the next planting season which was already projected to be hit by floods in some Northern States.

READ: Lagos state moves against fake news and inciting messages merchants

Concerted efforts must now be made to ensure that no further looting of the SGR is experienced, even as Government intensifies efforts to ensure all the ongoing construction/rehabilitation of Silos is completed, so that the idea behind the establishment of the SGR can be realised.


Add Nairametrics on Google News
Follow us for Breaking News and Market Intelligence.
Tags: Featuredfood securityNational Agricultural Seed CouncilNigeria NewsStrategic Grain Reserve
Emmanuel Ojie

Emmanuel Ojie

Next Post
NGX closes positive with market capitalisation up by N533 billion

Dangote Cement, Ecobank up, investors gain N42.3 billion

Comments 2

  1. okosun chris says:
    October 27, 2020 at 5:45 pm

    Our so called politicians are the looters in Nigeria but they call ordinary citizens looters. the people that stored what is suppose to be giving to the masses for their selfish interest and those poor people that discover it and packed. who are the looters

    Reply
    • 9jaRealist says:
      October 28, 2020 at 7:33 pm

      @OKOSUN CHRIS, Nigerian politicians are drawn from the general population, so it’s not surprising that they all share the same looting mentality.

      Btw, the CA-COVID palliatives were donated for distribution from time to time during the pandemic, so why do some people think it should have all been distributed on Day One?! Anyway, let just hope these looters are not going to be selling the poisoned stuff to the less fortunate.

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

rabafast

nairametrics




DUNS

Follow us on social media:

  • HOME
  • ABOUT NAIRAMETRICS
  • CONTACT US
  • DISCLAIMER
  • ADs DISCLAIMER
  • COPYRIGHT INFRINGEMENT

© 2026 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Login
  • Sign Up

© 2026 Nairametrics