Rising inflation pushes 64 million Nigerians into hunger crisis — World Bank

ABOUT 64 million Nigerians are at risk of emergency food and nutritional assistance due to the attendant effects of rising inflation, climate change, among others, according to the World Bank.

Also, there are currently 24.8 million Nigerians who suffer from acute hunger, according to the United Nations World Food Programme, indicating worsening food insecurity and a widespread system of privation.

This was revealed in the bank’s latest food security update, titled, ‘Food security update: World Bank Response to Rising Food Insecurity’.

The ICIR has earlier reported an analysis of Nigeria’s Consumer Price Index which revealed that the country’s inflation rate rose 59 times under President Muhammadu Buhari’s eight-year administration.

The inflation surge showed how many Nigerians whose income have not appreciated grew hungrier under President Buhari’s administration, with the current inflation rate removing 22.22 per cent from their earnings which weakened their purchasing power.

Meanwhile, the World Bank report also revealed that about 107.5 million people living in West Africa and Central Africa region are in a stressed zone and could fall into a food crisis if additional shocks in the current farming season occur.

This new figure is almost double that of the 27 million people predicted by Oxfam, ALIMA, and Save the Children, who warned that food crises in West Africa could affect people in Burkina Faso, Niger, Chad, Mali and Nigeria.

The report also stated that the number of people experiencing crisis and acute food insecurity was the highest on record since the Global Report on Food Crises started in 2017.






     

     

    The bank added that persistent trade barriers, high transport costs, repercussions of the war in Ukraine, and currency depreciation in coastal countries caused food price inflation that limits the household’s ability to access sufficient nutritious food.

    On the average, prices of major staple grains across West Africa are 25 per cent to 40 per cent higher than in the last five years.

    Moreover, accelerating climate change is decreasing the productive capacity of the region’s food systems, the report added.

    Also, the Food Crisis Prevention Network identified civil insecurity, high inflation, and climate change as key factors aggravating the current food and nutrition security crisis.

    Harrison Edeh is a journalist with the International Centre for Investigative Reporting, always determined to drive advocacy for good governance through holding public officials and businesses accountable.

    Join the ICIR WhatsApp channel for in-depth reports on the economy, politics and governance, and investigative reports.

    Support the ICIR

    We invite you to support us to continue the work we do.

    Your support will strengthen journalism in Nigeria and help sustain our democracy.

    If you or someone you know has a lead, tip or personal experience about this report, our WhatsApp line is open and confidential for a conversation

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here


    Support the ICIR

    We need your support to produce excellent journalism at all times.

    - Advertisement

    Recent

    - Advertisement