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Widespread Famine Looms In Nigeria, Others -UN …EU Boosts UN COVID-19 Response In Nigeria With €1.2m …As NBS Confirms Inflation Rise To 12.26% In March
Nigeria, many African countries and others around the world are at risk of widespread famines “of biblical proportions” if Coronavirus continues to bite, the United Nations (UN) has alerted.
The novel Coronavirus has claimed more than 175,000 lives and affected 2.5million people worldwide.
The Head of the World Food Programme (WFP, David Beasley, who raised the alarm, yesterday, also called for an urgent action.
The number suffering from hunger could almost double from 135million to more than 250million.
WFP added that the 10 nations are currently affected by conflict, economic crisis and climate change.
The Global Report on Food Crises listed them as Yemen, the Democratic Republic of the Congo, Afghanistan, Venezuela, Ethiopia, South Sudan, Sudan, Syria, Nigeria and Haiti.
Beasely told the UN Security Council, during a video conference, the world has to “act wisely and act fast.
“We could be facing multiple famines of biblical proportions within a short few months. The truth is we do not have time on our side.
“I do believe that with our expertise and our partnerships, we can bring together the teams and the programmes necessary to make certain the Covid-19 pandemic does not become a human and food crisis catastrophe.”
In a statement, WFP Senior Economist, Arif Husain, said the economic impact of the pandemic was potentially catastrophic for millions “who are already hanging by a thread. It is a hammer blow for millions more who can only eat if they earn a wage.
“Lockdowns and global economic recession have already decimated their nest eggs. It only takes one more shock – like Covid-19 – to push them over the edge. We must collectively act now to mitigate the impact of this global catastrophe.”
Meanwhile, the United Nations, yesterday, announced that it received €1.2million from the European Union for the provision of lifesaving preparedness and response activities for Covid-19 in Nigeria.
The Communications Specialist, UNICEF Nigeria, Mr Geoffrey Njoku, disclosed this in a statement in Abuja, yesterday.
The UN said the support was due to the increasing number of Covid-19 cases in Nigeria, along with concerns around the need to drastically scale-up public health preparedness and response.
It also said that the humanitarian funding received would further the UN’s Covid-19 response in Nigeria.
This, it said, would be by engaging with communities on how to best protect themselves from the virus and providing essential health supplies where they were needed most.
It said, “With these critical funds from the EU, the UN as a whole in Nigeria is in a better position to do the important work of engaging with communities on how they can prevent the spread of this virus.
“It will also complement the government’s efforts to ensure that healthcare workers can continue the critical work they are already doing to test and treat cases in the country,” it quoted the UNICEF Representative in Nigeria, Peter Hawkins, as saying.
“Where we have funded close to €271.5million (N116billion) in emergency food aid, shelter, access to clean water, hygiene and sanitation, and basic primary healthcare since 2014,” it also quoted the Head of the EU’s Humanitarian Aid Office in Nigeria, Thomas Conan, as stating.
It said that with EU funding, UNICEF would be contributing to the efforts underway in the country to contain the spread of the virus and mitigate its effects.
It added that it would help with the emergency response to identified cases, as well as prevention and preparedness measures for possible future outbreaks in crowded cities and camps for internally displaced people in Nigeria’s north-east region.
It said that the Nigeria Centre for Disease Control (NCDC), and global health leaders around the world, are advising that physical distancing, washing of hands on a regular basis and staying at home will help significantly to halt the progress of the virus.
Similarly, the National Bureau of Statistics (NBS) says Consumer Price Index (CPI), which measures inflation, increased by 12.26 per cent year-on-year in March.
The NBS made this known in its latest report on inflation released, yesterday.
It explained that the report showed that inflation in March was 0.06 per cent points higher than the rate recorded in February, which was 12.20 per cent.
The bureau said the lock down in Abuja, Lagos and Ogun states and various major disruptions in normal economic activities in several states started in April and wouldn’t have had any impact because this report focused on March.
It stated that the increases were recorded in all Classification of Individual Consumption by Purpose (COICOP) divisions that yielded the headline index.
The NBS added that on a month-on-month basis, the headline index increased by 0.84 per cent in March and this was 0.05 per cent higher than the rate recorded in February, which was 0.79 per cent.
“The percentage change in the average composite CPI for the 12 months period, ending in March over the average CPI for the previous 12 months period was 11.62 per cent showing 0.08 per cent point from 11.54 per cent recorded in February.
“The urban inflation rate increased by 12.93 per cent year on year in March as against 12.85 per cent recorded in February while the rural inflation rate increased by 11.64 per cent in March from 11.61 per cent in February.
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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally
President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.
Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.
He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.
“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.
He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.
The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”
Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.
He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.
“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.
The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.
Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.
Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.
Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.
Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.
“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.
He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.
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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow …Restates Commitment Towards Veterans’ Welfare
The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.
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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.
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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.
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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.
?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph, Port Harcourt”, he said.
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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.
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Fubara Redeploys Green As Commissioner For Justice
The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.
Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.
This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.
According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.
The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.
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