Food

COST OF FOOD RISES BY 61% IN ONE YEAR – NBS REPORT Cost of food has risen by 61 per cent from 25.25 per cent in June 2023 to 40.66 per cent in May 2024, highlighting a steady rise in the cost of living in Nigeria. This is according to an analysis of the latest Consumer Price Index and Inflation …

OPEN LAND BORDERS, NIGERIANS TELL FG, LAMENT OVER HIGH COST OF FOOD Nigerians have called on the Federal Government to, as a matter of urgency, to quickly open the country’s land borders to enable food to come from neighbouring countries to save citizens from starvation. The inflation figures released Saturday again show that, the food price indices increased as well …

MSF REPORTS INFLUX OF SEVERELY MALNOURISHED CHILDREN IN SEVEN NORTHERN STATES Medecins Sans Frontiers (MSF), also known as Doctors Without Borders, has said it is facing an overwhelming influx of severely malnourished children in seven northern states at its medical facilities. A statement issued by the MSF Field Communication Officer in Nigeria, Abdulkareem Yakubu, said the affected states are Kano, …

NIGERIA JOINS LIST OF HUNGER HOTSPOTS ~ UN REPORT Data from the UN Humanitarian Aid shows that at least 18 crisis locations—which are already experiencing food insecurity—may experience a “acute food insecurity” if help is not delivered quickly. The report noted that since October 2023, Nigeria and some other countries have joined a host of others on the list of …

HUNGER, POVERTY, UNEMPLOYMENT MARK TINUBU’S FIRST YEAR IN OFFICE President Bola Tinubu’s first year in office has thrown many Nigerians into hunger with an ample lack of basic amenities while unemployment keeps rising, the latest survey by the African Polling Institute (API) shows. In its survey, API, an independent, non-profit, and non-partisan opinion research think-tank noted that an overwhelming majority …

AFDB, FG TO PARTNER ENUGU STATE IN AGRO-INDUSTRIAL PROCESSING The African Development Bank (AFDB) and the federal government through the Ministry of Agriculture and Food Security and the Ministry of Finance, yesterday, disclosed its readiness to partner with the Enugu State Government in the development of Special Agro-Industrial Processing Zones (SPAZ) in the state. This was in line with the …

RISING INFLATION: HOW LOW INCOME EARNERS BATTLE FOR SURVIVAL Low income earners are struggling to meet their basic needs amidst the high cost of commodities occasioned by rising inflation. The National Bureau of Statistics (NBS) in its consumer price index for March 2024 revealed that headline inflation rose to 33.20 per cent in the month from 31.70 per cent in …

NAIRA BEST-PERFORMING CURRENCY IN APRIL, TO EXCHANGE BELOW N1,000/$ – GOLDMAN SACHS A report by Goldman Sachs economists said that with the appreciation rate of the Naira in the foreign exchange market, the currency may exchange below N1,000 per Dollar in the coming months. The think-tank disclosed this in its latest report on Nigeria’s economic realities. The report stated that …

HUNGER: ANGER AS MANY NIGERIANS DIE IN SEARCH OF PALLIATIVES Several Nigerians lost their lives in the past few days while struggling to benefit from palliatives being distributed by the government amid the rising hunger in the land. The latest is the unfortunate incident at the Nasarawa State University, Keffi, where two students were reported dead during the distribution of …