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Home Economy

Nigeria now relies on ‘war-torn’ Ukraine for food assistance – Obi bemoans economic hardship

Cyrus Ademola by Cyrus Ademola
March 4, 2024
in Economy
Peter Obi, Ukrain

Peter Obi

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Peter Obi, the Labour Party’s candidate in the 2023 presidential election, expressed his dismay at the prevailing economic difficulties, noting the troubling fact that Nigeria is now dependent on Ukraine, a country ravaged by war, for food aid.

Obi, who made this statement on Monday, recounted times when the Nigerian economy was faring better than that of Ukraine in 2015.

According to the former Anambra State governor, Ukraine’s GDP per capita was $2,125 in 2015 while that of Nigeria was $2,680.

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Meanwhile, he noted that in 2022, the reverse had taken place, with Ukraine’s GDP per capita exceeding $4,000, while Nigeria’s declined to $2,184.

For Obi, this regression in economic growth is attributed to a failure in leadership over the years, adding that Nigeria has remained unproductive since 2015.

  • “It is disheartening that our once economically confident nation, blessed with vast arable land and abundant natural resources, now relies on a war-torn Ukraine for food assistance.
  • “This national disgrace stems from years of leadership failure, necessitating urgent reflection and a reordering of our national priorities and resource management and allocation.
  • “Instructively, Ukraine, with a population of 43 million on 603,728 km2, outshines Northern Nigeria, covering 744,249 km2 with a young, energetic population exceeding 100 million.
  • “In 2015, Ukraine’s GDP per capita was $2125, compared to Nigeria’s $2680. By 2022, despite being at war, Ukraine’s GDP per capita exceeded $4000, while Nigeria’s regressed to $2184.
  • “Ukraine cultivates over 60% of its arable land, whereas Nigeria has over 60% uncultivated arable land. Despite the conflict, Ukraine feeds itself, and exports agricultural products worth over $ 25 billion which is about the same value as our crude oil export earnings, and it serves as a strategic global food supplier, even providing aid to a peaceful yet unproductive Nigeria,” Obi said.

What you should know

Earlier, Nairametrics reported that Ukraine has donated 25,000 tons of wheat to Nigeria, in a move it says will help tackle the emergency food crisis affecting over 1.3 million people in northeast Nigeria.

  • The development is part of the United Nations World Food Programme’s (WFP) response in northeast Nigeria amidst inflation and food price spikes.
  • The contribution is also part of Ukraine’s humanitarian “Grain from Ukraine” initiative launched by President Volodymyr Zelenskyy.
  • The shipment was made possible through the collaborative effort from the United Kingdom, Canada, Denmark, Finland, France, Luxembourg, Norway, the Republic of Korea and Sweden, which has helped cover the costs of transporting the wheat from Ukraine to Nigeria and its distribution to the families who need it.
  • According to WFP, deadly conflicts in Nigeria have displaced millions of households from their homes and farmlands which negatively affected food production and supply.

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Tags: Economy Impactfood securityhardshipPeter Obi
Cyrus Ademola

Cyrus Ademola

  • Cyrus Ademola is an energy and economy analyst with over half a decade experience in journalism, research-based oped, economic reportage and energy analysis. His works have been featured on different media outlets, covering from oil and gas to business trends.

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