There should be stability in food prices – CEO, Titan Farms | Dailytrust

There should be stability in food prices – CEO, Titan Farms

Following the skyrocketing inflation in the country, an Ibadan-based rice farmer and the Chief Executive Officer of Titan Farms, Engr Gbenga Eyiolawi, has urged government at all levels to ensure price stability in food items across the country.

Eyiolawi said instability in the prices of food items has serious effects on the budget and expenditure of families and households, urging government at all levels to be more responsible and responsive to their responsibilities.

Speaking during the launch of Titan Farms City, an affiliate of Titan Farms, a combination of real estate and agriculture, he said his company would ensure an all-year-round supply of food items in affordable prices.

“Titan Farms City, which is a marriage between real estate and agriculture, is where we cultivate, instead of just processing.  At present, we only process.  Of course, we want to ensure an all-year-round supply; so, all our produce are to be processed right here,” he said.

On how to address the rising cost of food items, he said, “We cannot give an immediate solution to the challenge, but we can do a projection of what would be a solution in the nearest future. That is why we have the Titan Farm City to ensure that there is enough availability of stock and raw materials for processing, and to ensure uniformity of prices over a period of time.

“We are working and collaborating with existing farmers. At present, we have 52 farms that have signed agreements with us to help them process their harvests.’’

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