According to the World Bank, the states of Borno, Kaduna, Katsina, Sokoto, Yobe, and Zamfara in Nigeria, as well as the northern part of Adamawa State, will be hit hard by ongoing insecurity, armed conflict, and worsening livelihoods until May 2024.
The report pointed out that the impacted states are seeing a decrease in agricultural input availability due to bad macroeconomic conditions, which is expected to have an impact on the country’s cereal production.
Global Bank’s most recent “Food Security Update” predicts that West and Central African cereal production will reach 76.5 million tons in the 2023–24 harvest, down 2% from the previous season but up 3% from the five-year average.
The research predicted that Nigeria, Chad, Mali, and Niger would be the most responsible for the drop.
Projections show a decrease in output from last year in Chad, Mali, Niger, and Nigeria, according to the Bretton Woods institute.
This decline is because “poor macroeconomic conditions have restricted access to agricultural inputs in Nigeria, while dry spells during the growing season and insecurity have limited access to cropland in Chad, Mali, and Niger.”
Additionally, it was pointed out that from November to May of 2024, the majority of the areas inside the sub-region will continue to be classified as having inadequate food security.
It went on to say that from November 2024 to May 2024, local government areas in Borno, Kaduna, Katsina, Sokoto, Yobe, Zamfara, and the northern part of Adamawa state in Nigeria are expected to be impacted by Crisis (IPC Phase 3) conditions, which are primarily caused by ongoing insecurity and armed conflict, as well as worsening livelihoods.
Additional locations mentioned in the report include Burkina Faso, Cameroon, Chad, Mali, and Niger.
As of the most recent data available, which covers the period from August to November 2023, food price inflation was found to be high in a number of low- and middle-income nations. Specifically, 61.9% of low-income nations had inflation rates above 5%, which is unchanged from the previous update two weeks ago, 76.1% of lower-middle-income countries had inflation rates below 5%, 50.0% of upper-middle-income countries had inflation rates below 5%, and 57.4% of high-income countries had inflation rates below 6%.
The report states that the countries in Europe, Central Asia, South Asia, North America, and Latin America have been the most impacted.
Headline inflation in Nigeria was 28.20% in November, with food inflation reaching 32.84%.
Mismob Media