Food Crisis Archives — City Business News

April 16, 2024 No Responses

Nigeria’s Inflation Rate Hits 33.20%

Nigeria’s inflation rate jumped to 33.20% in March 2024 compared to February 2024 headline inflation rate which was 31.70%. This was according to the National Bureau of Statistics (NBS)’s Consumer Price Index (CPI) report released on Monday. “Looking at ...

February 21, 2024 No Responses

Smuggling: FG Uncovers 32 Illegal Routes

The Federal Government has uncovered 32 routes through which food items are smuggled out of Nigeria. The Vice President, Kashim Shettima, made the revelation on Tuesday while presenting his address at a conference on Public Wealth Management held in Abuja....

February 15, 2024 No Responses

Lagos Flags Off Distribution Of N750m To Market Traders

The Lagos State Governor, Mr. Babajide Sanwo-Olu has flagged off the distribution of N750 Million to 15,000 market traders as cash support with each beneficiary receiving N50,000 under the ‘Lagos Market Trader Money’, In his address on Wednesday, Sanwo...

January 12, 2024 No Responses

Nigeria Targets 472,000 Metric Tonnes Of Wheat From Dry Season Farming

The Nigerian Government has set a target of achieving around 472,000 metric tonnes of wheat production by the end of the dry season wheat farming programme. Mr. Ishaku Buba, the National Project Coordinator for the National Agricultural Growth Sche...

January 10, 2024 No Responses

Global Economy Set For Weakest Growth Since Pandemic, Warns World Bank

The global economy is set to grow at its slowest pace since the pandemic, the World Bank has warned. It has forecast growth of just 2.4% in 2024 and stated higher interest rates were a major factor. Global trade and...

August 16, 2023 No Responses

Nigeria Denies fresh Agenda To Reintroduce Fuel Subsidy

President Bola Tinubu has no plans to reintroduce any form of fuel subsidy or reverse the deregulation policy, the Federal Government declared on Tuesday. The clarification is contained in a tweet issued by the Senior Special Assistant to the President.....

July 14, 2023 No Responses

Tinubu Declares State Of Emergency On Food Security

President Bola Ahmed Tinubu, on Thursday, in Abuja, declared a state of emergency on food security. According to the President, all matters pertaining to food and water availability and affordability, as essential livelihood items, be included within the purvi...

April 9, 2023 No Responses

Easter: Prices Of Foodstuff Skyrocket In Enugu Major Markets

The prices of most foodstuffs have significantly increased in major markets within Enugu metropolis this Easter, the News Agency of Nigeria (NAN) reports. A market survey conducted by a NAN correspondent on Saturday in Enugu markets revealed that prices of...

November 12, 2022 No Responses

Global Food Imports To Hit $2tri

Food import costs globally are projected to reach nearly two trillion dollars this year, or higher than previously expected, the UN Food and Agriculture Organisation (FAO) has said. FAO, in a report published on Friday, stated that the new forecast...

August 4, 2022 No Responses

FG Secures $134m Loan From AfDB To Boost Wheat Production

The Federal Government has obtained a $134m loan from the Africa Development Bank (AfDB) to boost wheat production. Minister of Agriculture and Rural Development, Dr Muhammad Mahmoud, said this in Abuja while briefing State House correspondents on the implem...

June 9, 2022 No Responses

Okonjo-Iweala Warns Of Global Food Crisis

A food crisis kicked off by the Ukraine war could last for years without intervention, the head of the World Trade Organization has said. African countries could be hit especially hard by wheat and fertilizer shortages, WTO director-general Ngozi Okonjo-Iweala...

January 26, 2022 No Responses

Emefiele: Food Prices Will Moderate In 2022

The Central Bank of Nigeria (CBN) on Tuesday assured Nigerians that food prices would not accelerate the way people had anticipated in 2022. The CBN Governor, Mr Godwin Emefiele, said this while answering questions from the press after presenting the...

July 11, 2021 No Responses

Enugu Residents Turn To Potatoes As Yam Prices Skyrocket

Some residents in Enugu have shifted patronage to sweet potatoes as alternative staple food as price of yam continues to soar, the News Agency of Nigeria (NAN) reports. A correspondent of NAN, who visited major markets in Enugu metropolis on...