The federal government has stated that more than 31.8 million Nigerians are currently facing acute food shortages due to ongoing security challenges and the recent removal of fuel subsidies.
President Bola Tinubu said his government has purchased billions of naira in mechanized farming equipment from countries like Brazil, the United States, and Belarus to boost agricultural productivity and alleviate the food crisis.
NEMA says it has 996 MT of grains to Plateau state
The Federal Government of Nigeria says it has delivered 1,437.5 metric tonnes of grains to vulnerable Nigerians in Niger state.
The federal government has commenced the distribution of grains to Nigerians.
A new report by Cadre Harmonise reveals that no fewer than 31.5 million Nigerians are on the verge of food insecurity between June and August 2024.
The National Emergency Management Agency (NEMA) has refuted claims making rounds by certain groups that its warehouse in Abuja was ransacked by hoodlums on Sunday.
The World Bank has stated in its latest Food Security report projects that seven states across the North-west and North-east to be at crisis food security level in 2024 because of insecurity and armed conflicts reducing the standards of living across the region.
The Minister of Agriculture, Senator Abubakar Kyari, has expressed worries over the impact of climate change on food production and security.
In this article, Octa experts describe three events investors and traders should be aware of. Learn more about the ongoing food crisis, the state of the European economy in case of energy shortages, and the impact of OPEC decisions on oil prices.
The IMF has stated that inflation, debt, and food crisis is pushing the Nigerian economy and other African economies to the verge of collapse.
Nigeria has to apply all measures to avert the impending food crisis and reverse the double-digit food inflation numbers.
