Food Crisis: Actionaid Seeks Emergency Funds For Agric - The Source

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Food Crisis: Actionaid Seeks Emergency Funds For Agric

The Source by The Source
November 15, 2022
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Climate N-CARES training for new generation farmers, agricultural intervention programmes, farmers agro-inputs to 588 farmers, Agric Ministry trains IDPs, Stakeholders reassess Nigeria's agriculture, uStakeholders meet over implementation, Govt reserves serving as hideouts, NAIC early rainfall planting, farmers Improving welfare of women, youths rains kwara farmers, warehouse, Gombe, GMP, CBN, maize, rice farmers
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The Food and Agriculture Programme Coordinator, ANN, Azubuike Nwokoye, decried the low budgetary allocation of N228bn.

He said this only represented 1.11 percent to the agricultural sector out of the N20.5trn 2023 national budget.

The coalition’s call is coming amidst the ripple effect of devastating flooding across the country; ongoing Russia-Ukraine war, the COVID-19 pandemic, rising prices of farm inputs, post-harvest losses and other challenges bedeviling the nation’s food production sector and the palpable fears of food crisis in the country by 2023.

Nwokoye said though N228.4bn was budgeted for the sector, its purchasing power was about N189.2bn due to the current inflation rate.

He said to achieve the investment impact in monetary terms, the gap of N39bn must be filled either by providing additional budgetary resources or reducing inflation to the barest minimum.

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Tags: ActionaidAgricFood Crisis
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