As of 2018 in Nigeria, it was estimated that about 30 per cent to 40 per cent of food loss valued at about $750 billion happens annually. Coupled with this, since the first quarter of 2020, Nigeria’s expenditure on food imports has risen from N389 million to over N951 million by the second quarter of 2021. This is almost as high as the estimated N1.1 trillion naira that was spent on petrol imports in the same quarter.
As for Nigeria, it ranks 129th in terms of vulnerability and 187 out of 192 countries overall, meaning that while Nigeria is not only vulnerable to the effects of negative climatic events, it cannot also leverage investments, and convert them to adaptation actions. This handicap is nowhere more obvious than in one of its most vulnerable sectors ― one that is not living up to its full potential but is also estimated to be the largest employer of labour: agriculture.
While foreign exchange pressures are a contributing factor to the rising cost of food importation, it also reflects the fact that Nigeria remains a net importer of food. At the same time, Nigeria’s agriculture sector continues to experience slow growth. Except for the fourth quarter of 2021, where it experienced slight growth, the sector’s performance has since fallen from 2.28 per cent in the first quarter of 2021 to 1.22 per cent in the third quarter of the same year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ambazonian Conflict: We need food, support from Nigeria - Southwest CamerouniansSouthwest Camerounians have claimed they depend on food and other items from Nigeria to survive. The Southwest Cameroun region, also known as the USA MUST STOP MILITATY AID COMPLETELY TO BUHARI LED GOVERNMENT, BUHARI KEEP DECEIVING USA HE IS FIGHTING TERRORISM WHILE HE IS ONE OF THEM. WE HAVE PROOFS AND ALSO BODY LANGUAGE OF FULANI BUHARI.
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Community sends food to Kaduna Baptist church members’ abductors - Punch NewspapersThe most widely read newspaper in Nigeria Hello how much will it cost me to publish my advert on punch newspaper?
Source: MobilePunch - 🏆 8. / 63 Read more »
Deploying technology to address food insecurity - Punch NewspapersThe most widely read newspaper in Nigeria
Source: MobilePunch - 🏆 8. / 63 Read more »
Kaduna Residents Send Food To Abductors Of 66 Baptist Church Members, 61 Left In Kidnappers' Den | Sahara ReportersThe worshippers were kidnapped on October 31 at Kakau Daji in the Chikun Local Government Area of the state. Na Wahoo, Nigeria is a zoo no doubt The audacity, He said they know bandits are not afraid of the security agencies because they know they won't do anything for them. We said give Intel to the security agencies since u know their hideout, u refuse and u are now blaming the security. So disgusting ROGiwa Nigeria pose Dae comedy central
Source: SaharaReporters - 🏆 9. / 63 Read more »
Ambazonian Conflict: We need food, support from Nigeria - Southwest CamerouniansSouthwest Camerounians have claimed they depend on food and other items from Nigeria to survive. The Southwest Cameroun region, also known as the USA MUST STOP MILITATY AID COMPLETELY TO BUHARI LED GOVERNMENT, BUHARI KEEP DECEIVING USA HE IS FIGHTING TERRORISM WHILE HE IS ONE OF THEM. WE HAVE PROOFS AND ALSO BODY LANGUAGE OF FULANI BUHARI.
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Key features and significance of Nigeria’s new climate change law, By Chukwumerije Okereke & Sam OniugboYesterday, President Muhammad Buhari signed into law the Climate Change Bill Passed by the National Assembly. In signing the law, the President has made Nigeria join an elite group of countries that have enacted emissions-target legislation aiming to eliminate carbon emissions. This is a big deal for an oil-dependent nation that is also ranked as […]
Source: PremiumTimesng - 🏆 3. / 78 Read more »