World Bank Says Niger Crisis Will Put Pressure on Nigeria Food Markets
The World Bank says that, the coup in Niger could increase pressure on the food markets in Nigeria and other West African countries.
According to the global bank, the coup has increased the risk of severe food insecurity in the region by seven million people, against a backdrop of rising commodity and staple food prices and severe food insecurity that already affects three million people during the lean season
“West African food markets may experience increased pressure as a result of the coup in Niger.”
This was stated by the bank in its September “Food Security Update,” which also discussed the effects of the economic and financial sanctions that the West African Economic and Monetary Union (WAEMU) and the Economic Community of West African States (ECOWAS) imposed on the nation. It was noted that in August, food prices in Niger rose by as much as 21%.
The bank also emphasized the ongoing food crises in Western and Central Africa, where the number of people in need of food and nutritional assistance increased from about 10.7 million in 2019 to nearly 29 million in 2021 to more than 40 million in 2022 and 2023.
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