Nigeria : Russia-Ukraine war: AfDB provides $1.5 billion to tackle food crisis in Nigeria, other African countries
on 2022/4/27 13:22:30
Nigeria

Click to see original Image in a new window
...at least 5 million smallholder farmers would be helped to cultivate 1 million hectares of maize.


The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has announced the provision of $1.5 billion for the Africa Emergency Food Plan to mitigate the effect of Russia-Ukraine war which is expected to trigger a global food crisis.

This is coming about a week after the President of the World Bank Group, David Malpass, said that Nigeria and other developing countries are faced with sudden price increases for fertilizer and food, among others, due to the war in Ukraine and Covid-19 related shutdown.

This was disclosed by Adesina during a meeting with President Muhammadu Buhari on Tuesday at the Presidential Villa, Abuja, where he also raised the alarm that there may be a fertilizer crisis in Africa which will cause about 2 million metric tons deficit.
Steps taken by AfDB to avert food crisis in Africa
Adesina, during the meeting with President Buhari briefed him on the steps taken by AfDB to avert a food crisis in Africa, in the foreseeable future. He noted that already, the price of wheat has gone up about 60%, while maize and other grains will also be affected.

The AfDB President said, “Already, the price of wheat has gone up about 60%. Maize and other grains will also be affected. There may be fertilizer crisis, as there would be about 2 million metric tons deficit. And that will affect food production by about 20%. Africa will lose $11 billion worth of food, and coming shortly after COVID-19, that would be rather serious.”

In preparation for the expected food crisis, Adesina said, “The AfDB had developed a $1.5 billion Africa Emergency Food Plan, which is now before the bank’s Board for approval.

“We were not ready for COVID-19, but we are now planning to avert food crisis on the continent. There is plan to help farmers cultivate wheat, maize, rice, sorghum, and soybeans. It will mitigate the impact of the Russia-Ukraine war.”

Adesina, who was a former Minister of Agriculture under the Goodluck Jonathan administration, said that with respect to Nigeria, at least 5 million smallholder farmers would be helped to cultivate 1 million hectares of maize, 1 million hectares of rice, and 250,000 hectares of sorghum and soybeans, respectively during the rainy season.

He said, “In total, our support will help Nigeria to produce 9.5 million metric tons of food.”

He pointed out that the states that will benefit from the assistance include Kano, Ogun, Oyo, Kaduna, Imo, Cross River, and the Federal Capital Territory.

What you should know
The ongoing war between Russia and Ukraine has set off a chain reaction in the global economy which has negatively been impacting even developed countries.
The World Bank had earlier urged advanced countries to keep markets open, remove trade barriers and reverse policies that concentrate wealth in the face of high energy and food prices, increasing debt concerns and potentially worsening poverty and hunger.
Ukraine is a key source of grain while Russia is a major producer of energy and fertilizer needed for agriculture, and the war is creating sudden shortages of energy, fertilizer, and food.
The AfDB had earlier said it will partner with African countries to combat high prices of fertilizer through improving sustainable infrastructural efficiencies, including storage and fixing infrastructure required for food production.

Previous article - Next article Printer Friendly Page Send this Story to a Friend Create a PDF from the article


Other articles
2023/7/22 16:36:35 - Uncertainty looms as negotiations on the US-Kenya trade agreement proceeds without a timetable
2023/7/22 14:48:23 - 40 More Countries Want to Join BRICS, Says South Africa
2023/7/18 14:25:04 - South Africa’s Putin problem just got a lot more messy
2023/7/18 14:17:58 - Too Much Noise Over Russia’s Influence In Africa – OpEd
2023/7/18 12:15:08 - Lagos now most expensive state in Nigeria
2023/7/18 11:43:40 - Nigeria Customs Intercepts Arms, Ammunition From US
2023/7/17 17:07:56 - Minister Eli Cohen: Nairobi visit has regional and strategic importance
2023/7/17 17:01:56 - Ruto Outlines Roadmap for Africa to Rival First World Countries
2023/7/17 16:47:30 - African heads of state arrive in Kenya for key meeting
2023/7/12 16:51:54 - Kenya, Iran sign five MoUs as Ruto rolls out red carpet for Raisi
2023/7/12 16:46:35 - Ambassador-at-Large for Global Women’s Issues Gupta Travels to Kenya and Rwanda
2023/7/2 15:57:52 - We Will Protect Water Catchments
2023/7/2 15:53:49 - Kenya records slight improvement in global peace ranking
2023/7/2 14:33:37 - South Sudan, South Africa forge joint efforts for peace in Sudan
2023/7/2 13:08:02 - Tinubu Ready To Assume Leadership Role In Africa
2023/7/2 11:50:34 - CDP ranks Nigeria, others low in zero-emission race
2023/6/19 16:30:00 - South Africa's Ramaphosa tells Putin Ukraine war must end
2023/6/17 16:30:20 - World Bank approves Sh45bn for Kenya Urban Programme
2023/6/17 16:25:47 - Sudan's military govt rejects Kenyan President Ruto as chief peace negotiatorThe Sudanese military government of Abdel Fattah al-Burhan has rejected Kenyan President William Ruto's leadership of the "Troika on Sudan."
2023/6/17 16:21:15 - Kenya Sells Record 2.2m Tonnes of Carbon Credits to Saudi Firms

The comments are owned by the author. We aren't responsible for their content.