The objects of this Bill are to—
 (a) continue the existence of the Food Reserve Agency and re define its functions; 
(b) re constitute the Board of the Agency and re define its functions;
 (c) continue the existence of the National Strategic Food Reserve; 
(d) ensure national food security by maintaining sufficient levels of designated agricultural commodities to respond and provide food relief during emergencies or market and economic shocks; 
(e) provide for the power of the Minister to designate agricultural commodities that are essential for food security; 
(f) provide for the purchase of designated agricultural commodities by the Agency for purposes of the National Strategic Food Reserve; (g) provide mechanisms for collaboration and cooperation with relevant regulatory and advisory agencies to ensure exchange of agricultural marketing information and the stabilization of agricultural markets;
(h) repeal and replace the Food Reserve Act, 2020; and 
(i) provide for matters connected with, or incidental to, the foregoing