Connect with us


Food Price Hike: UN pauses programme in Nigeria



The United Nations World Food Program (WFP) has stated that it is reviewing its local food procurement and will only buy food in Nigeria when the prices become stable.

The organisation disclosed this in a news release where he stated that a monitoring exercise in Borno, Yobe and Kano states revealed the skyrocketing inflation in food prices posing greater stress on displaced population who are unable to farm.

David Stevenson, WFP’s Country Director and Representative in Nigeria said that the group has limited stock of food to continue its operations and will only purchase food for local markets in Nigeria when prices become stable.

He stated, “We are aware of traders holding food in their warehouses pretending it is WFP’s. This is inaccurate as WFP has its limited stock only available to continue supporting the most vulnerable Nigerians with critical assistance.

“We are undertaking a comprehensive review of our local food procurement.

WFP will purchase food in Nigeria only when the market conditions are stable for all.

The group stated it targeted reaching 1.1 million people across Nigeria and hopes to increase to 1.6 million during between June–August- a period known as “the lean season.”

Business news website, Nairametrics, earlier reported that food producers- Olam Agric and Nigeria Flour Mills had stopped purchasing grains such as maize and sorghum over the rapid increase in prices and to allow the market to become stable. Soaring inflation and market prices have diminished the purchasing power of numerous Nigerian families, particularly in the conflict-stricken Northeast region of the country.

See also  The Asagba Of Asaba, Professor Chike Edozien, Dies at 98

The world bank projected in its Food security report that seven states across Northern Nigeria will witness severe food crisis. Also, the Food and Agricultural Organisation (FAO) warned that around 26.5 million Nigerians will face hunger in 2024.

These projections seem to be manifesting now as increase in food prices prevent many from having a decent meal.

To find a temporary solution to the food security crisis, the federal government has decided to release grains from the national reserve as a measure to crash prices of the commodities.

For Diaspora Digital Media Updates click on Whatsapp, or Telegram. For eyewitness accounts/ reports/ articles, write to: Follow us on X (Fomerly Twitter) or Facebook

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Updates

SHELT – Cyber-security firm, berths in Nigeria

The Labours of Healing a Nation, by Pat Utomi

KOGI: 25 Passengers Burnt To Death in Accident

Nigeria not ripe for State Police, says Inspector General

Naira exchange rate for Monday, April 22, 2024, in Nigeria

Nigeria hosts African Counter-Terrorism Summit in Abuja

Tension as Oba Of Benin stops installation of Hausa Leader

Sachet water is most sold commodity in Nigeria – Survey

Nigeria receives fresh $2.25bn World Bank Loan

Dukku Hill collapses, crushes 8 students to death in Nigeria 

Subscribe to DDM Newsletter for Latest News