The Federal Government plans to increase the national strategic food reserve capacity from the current 300,000 tonnes to 1.325 million tonnes to meet the nation’s food security target. According to the Acting Executive Director, National Food Reserve Agency, Dr. Mohammed Lawal, said in Abuja on Monday 1st March 20101 that the existing 11 silos in the country had the capacity to store 300,000 tonnes of food. He said the silos, located in Ibadan, Akure, Ilorin, Iruha, Minna, Lafiaji, Makurdi, Ogoja, Jahun, Jos and Gombe had 60 per cent utilisation capacity. Lawal said the agricultural sector was being rejuvenated to meet the challenges of transforming the country from a mono-cultural economy that was dependent on oil to an agricultural and economically buoyant nation. He said the government was set to construct 20 additional silos with processing centres at the cost of N47.2bn. Lawal said the new silos would raise the national food storage capacity to 1.325 million tonnes. He added that the government would not hands-off the purchase of grains, adding that licensed buying agents would continue to buy grains for government to fill the reserves. Lawal said the government was also working on a commodity exchange market to complement the efforts of farmers and grains merchants.