Tag
FOOD SECURITY
The Secretary to the Government of the Federation (SGF), Sen. George Akume, has announced that the federal government is allocating N200 billion to support the cultivation of hectares of land in order to enhance food security in the country.
Nigeria’s month-on-month food inflation declined in April for the second consecutive time following five months of consistent increase dating back to October 2023.
The federal government will soon begin the distribution of N100 billion worth of fertilisers donated earlier by the Central Bank of Nigeria (CBN). The Minister of Agriculture, Sen. Abubakar Kyari, said the move is to prepare for the upcoming wet season farming.
The governments of Nigeria and Japan signed a Memorandum of Understanding (MoU) on Thursday in a bid to revolutionise Nigeria’s agriculture sector and enhance healthcare capabilities.
Despite a significant rise in food inflation, Nigerians get to sigh a breath of relief as the price of a 50kg bag of rice falls between 65,000 and 55,000 in most places in the country for the first time in months.
A new report by Save the Children has projected that one in every six children which is 15 million in Nigeria will go hungry during the period starting from June 2024.
The United States Agency for International Development (USAID) has stated that about 50% of fresh agricultural produce in Nigeria are lost at post-harvest stage
The Minister of Agriculture and Food Security, Sen. Abubakar Kyari, has estimated that the country needs about 312,000 metric tons of seed in 2024 to achieve objectives in food security, food sufficiency, and global stability.
LCFE has called on the Federal Government to leverage the commodities exchange ecosystem to bolster food security, generate employment opportunities, and bolster Nigeria's foreign exchange reserves.
Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, announced that the Japanese International Cooperation Agency is allocating ¥ 15 billion (approximately $99.1 million) to enhance food security in Nigeria by supporting its agricultural sector.
The Italian international development financial organization, Cassa Depositi e Prestiti S.p.A (CDP) and Afreximbank formalized an agreement with a Memorandum of Understanding (MoU) that establishes a €100 million fund aimed at bolstering food security across Africa
The United States government on Thursday, March 21, said it has invested $200 million in food security in Nigeria in the last five years.