ADVERTISEMENT

World Bank forecasts worsening insecurity and economic hardship in six Nigerian states

The World Bank has predicted that ongoing insecurity, armed conflicts, and worsening livelihoods will have a lasting impact on six states in Nigeria.

World Bank
  • Persistent insecurity and armed conflict, and deteriorating livelihoods, are projected to affect Nigeria, Burkina Faso, Cameroon, Chad, Mali, and Niger, among other areas.
  • Challenging macroeconomic conditions are impeding access to agricultural inputs in the country, potentially impacting cereal production.
  • Cereal production for the 2023/24 crop year in West and Central Africa is expected to be 76.5 million tons, a 2% decrease from the previous season.

This situation is expected to persist in various local government areas within Borno, Kaduna, Katsina, Sokoto, Yobe, Zamfara states, and the northern regions of Adamawa State in Nigeria until May 2024.

The international finance body stressed that challenging macroeconomic conditions are impeding access to agricultural inputs in the country, potentially impacting cereal production.

The World Bank's latest 'Food Security Update' suggests that estimated cereal production for the 2023/24 crop year in West and Central Africa is expected to be 76.5 million tons, a 2% decrease from the previous season. However, it marks a 3% increase from the average over the last five years.

ADVERTISEMENT

“Projections indicate a decline in production from last year in Chad, Mali, Niger, and Nigeria. This decrease is attributed to dry spells during the growing season and insecurity that limited access to cropland in Chad, Mali, and Niger and to poor macroeconomic conditions that have restricted access to agricultural inputs in Nigeria.”

“Over the same period (November to May 2024), Crisis (IPC Phase 3) conditions, mainly caused by persistent insecurity and armed conflict, and deteriorating livelihoods, are projected to affect the following regions,"

“Nigeria: Local government areas in Borno, Kaduna, Katsina, Sokoto, Yobe, Zamfara states, and the far north of Adamawa state," it added.

This impact will extend to locations in Burkina Faso, Cameroon, Chad, Mali, and Niger, among other areas.

ADVERTISEMENT

Food inflation has been rising globally. In real terms, food price inflation has surpassed overall inflation by 74% in 167 countries, with the most affected being in Africa.

Nigeria’s headline inflation rate rose to 28.20% in November, while food inflation hit a record 32.84%, according to the National Bureau of Statistics (NBS).

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

FGN offers ₦450 billion bonds for subscription at ₦1,000/unit

FGN offers ₦450 billion bonds for subscription at ₦1,000/unit

The Chosen Data: Empowering Nigeria with affordable connections

The Chosen Data: Empowering Nigeria with affordable connections

OPay clarifies new CBN directive, reassures customers

OPay clarifies new CBN directive, reassures customers

South African online casino player strikes gold with R189,000 win at Tusk Casino

South African online casino player strikes gold with R189,000 win at Tusk Casino

A Symphony of Style and Innovation: Introducing the itel S24

A Symphony of Style and Innovation: Introducing the itel S24

200 jobs at risk as Microsoft considers closing major investment in Nigeria

200 jobs at risk as Microsoft considers closing major investment in Nigeria

Naira depreciates again at official market, trades at ₦1,416 to dollar

Naira depreciates again at official market, trades at ₦1,416 to dollar

3 Nigerian banks record largest growth in dividend payments in 2023

3 Nigerian banks record largest growth in dividend payments in 2023

Common ways your WiFi router is the cause of your internet problems

Common ways your WiFi router is the cause of your internet problems

ADVERTISEMENT
ADVERTISEMENT