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
Economy And BusinessNews

PETROAN Endorses Petroleumprice.ng as Nigeria’s Trusted Source for Petroleum Pricing and Market Intelligence

1 Mins read
By HeapNews LAGOS — The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has officially endorsed Petroleumprice.ng as the go-to digital…
Climate and EnvironmentNews

New Report Uncovers “Environmental Time Bomb” in Ebonyi Mining Communities

2 Mins read
…CODAF report exposes damning human rights abuses, environmental destruction by Chinese and Nigerian mining firms in Ezillo and Ikwo, calls for urgent…
News

IsDB Institute Deepens Global Islamic Finance Leadership with High-Level Strategic Engagements at Annual Meetings in Algiers

2 Mins read
By Damilola Abiola The Islamic Development Bank Institute (IsDBI) reaffirmed its role as a leading driver of Islamic finance innovation and collaboration…
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Your email address will not be published.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.