AgricultureNews

7 northern states to experience economic hardship in 2024-World Bank

1 Mins read

A recent World Bank report has highlighted the impact of insecurity on the livelihoods of residents in six northern Nigerian states.

Local Government Areas (LGAs) in Borno, Kaduna, Katsina, Sokoto, Zamfara, Gombe, and Adamawa States are expected to face challenges until May 2024.

The report also emphasises that poor macroeconomic conditions are limiting access to agricultural inputs, potentially affecting cereal production in the country.

The World Bank estimates a 2% decrease in cereal production for the 2023/24 crop year in West and Central Africa, with Chad, Mali, Niger, and Nigeria contributing significantly to this decline.

The projection indicates a rise in food insecurity, especially in areas affected by persistent insecurity, armed conflict, and deteriorating livelihoods.

The report also notes high inflation rates in many low- and middle-income countries, including Nigeria, where headline inflation reached 28.20% and food inflation soared to 32.84% in November.

Food scarcity extends beyond Nigeria; countries such as Chad, Mali, Cameroon, and Niger are also grappling with poverty, further exacerbating the issue of food insecurity in these regions.

Related posts
HealthHIV & AIDS UPDATENews

Nigerian Civil Society Groups Warn Against UN Proposal to Scrap UNAIDS

1 Mins read
By Bunmi Yekini Civil society organizations and community networks in Nigeria have raised strong objections to a proposal under the UN80 Initiative…
News

Nigeria Secures $2bn Boost for Solar Deployment as Energy Transition Gains Momentum

2 Mins read
Stakeholders at the 4th REEEAA Conference chart bold pathways for renewables, clean cooking, and green jobs By Bunmi Yekini Nigeria’s march toward…
News

Sanwo-Olu Urges Corps Members to Be ‘Agents of Change’ at Lagos Orientation Camp

1 Mins read
Governor pledges safety and enabling environment for NYSC scheme. By Damilola Abiola Lagos State Governor, Babajide Sanwo-Olu, has called on members of…
Subscribe To Our Newsletters 

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.