Diddy Maimi Bash Featuring N@Ked Woman Buffet Resurfaces (Photos)

The World Bank has forecasted persistent insecurity, armed conflict, and deteriorating livelihoods in several local government areas across Borno, Kaduna, Katsina, Sokoto, Yobe, Zamfara states, and the far north of Adamawa State in Nigeria until May 2024. 

This prediction comes amid poor macroeconomic conditions hindering access to agricultural inputs in the country, subsequently affecting cereal production, as revealed in the latest 'Food Security Update' by the global bank.

The estimated cereal production for the 2023/24 crop year in West and Central Africa is expected to be 76.5 million tons, reflecting a two per cent decrease from the previous season but a three per cent rise from the average over the last five years. Chad, Mali, Niger, and Nigeria are anticipated to contribute significantly to this decline, with the World Bank attributing the decrease to dry spells, insecurity limiting access to cropland, and poor macroeconomic conditions restricting agricultural inputs.

The report emphasizes that persistent insecurity and armed conflict will lead to Crisis (IPC Phase 3) conditions from November to May 2024 in specific regions, notably affecting local government areas in Borno, Kaduna, Katsina, Sokoto, Yobe, Zamfara states, and the far north of Adamawa state in Nigeria. Similar challenges are projected for regions in Burkina Faso, Cameroon, Chad, Mali, and Niger.

The World Bank's latest update also highlights the global concern of high inflation, particularly in low- and middle-income countries. Between August and November, these nations grappled with inflation rates exceeding 5 per cent. The report underscores that Africa, North America, Latin America, South Asia, Europe, and Central Asia are among the most affected regions. Notably, food price inflation has surpassed overall inflation by 74 per cent in 167 countries.

In November, Nigeria recorded a headline inflation rate of 28.20 per cent, with food inflation soaring to 32.84 per cent, underscoring the significant economic challenges faced by the country.