Business
Rising Inflation Exposes Nigerians To Food, Nutritional Emergency
The World Bank says at least 64 million Nigerians are at risk of emergency food and nutritional assistance due to the attendant effects of rising inflation, climate change, and others.
Already, there are about 24.8 million Nigerians who are currently suffering from acute hunger, according to the United Nations World Food Programme, which is indicating worsening food insecurity and a widespread system of deprivation.
This revelation was contained in the World bank’s latest food security update, titled, ‘Food Aecurity Update: World Bank Response to Rising Food Insecurity’, obtained at the weekend.
According to the report, 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 worse acute food insecurity was the highest on record since the Global Report on Food Crises started in 2017.
It 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 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, which had shown a steady increase in food prices.
The Food Crisis Prevention Network identifies civil insecurity, high inflation, and climate change as key factors aggravating the current food and nutrition security crisis.
By: Corlins Walter
Business
FEC Approves Concession Of Port Harcourt lnt’l Airport
Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
Business
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
