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Millions of Nigerian’s face food crisis, hike inflation and unstable exchange rate

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A recent report from Cadre Harmonisé (CH) has projected that over 31.5 million people, including 83,846 internally displaced persons (IDPs), will experience food crises between June and August 2024.

The analysis, conducted by the Ministry of Agriculture and Food Security in collaboration with technical partners like the United Nations Food and Agriculture Organisation (FAO), highlights the severity of the situation across 26 states and the Federal Capital Territory (FCT).

The report paints an ugly picture for Nigeria, indicates that 24.7 million people, including 14,000 IDPs, are already grappling with food crises between March and May 2024.

Disturbingly, regions like Adamawa, Borno, and Yobe are expected to face significant challenges, with millions of individuals projected to experience food insecurity during the specified period.

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Factors contributing to this crisis include escalating food prices triggered by the removal of fuel subsidies and the subsequent inflation, compounded by the volatile exchange rate between the naira and the dollar.

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