FOOD CRISIS

15th March 2024

FOOD CRISIS

Photo by: Bloomberg

The International Monetary Fund is urging the Nigerian government to urgently address growing food insecurity, amid surging food-price inflation and a steep hike in interest rates, implemented by the central bank in a bid to stabilise a rapid weakening naira. “With about 8% of Nigerians deemed food insecure, addressing rising food insecurity is the immediate policy priority,” the IMF said in a statement earlier this month. Photograph: Bloomberg