According to a recent World Bank report, 12–13 million Nigerians may require food aid in April 2024.
According to Anaedoonline.ng, the research is released at the same time that Nigerians are still struggling with the effects of President Bola Tinubu’s decision to end gasoline subsidies and as the value of the country’s currency is declining in relation to the US dollar.
“It is estimated that 1.5 million to 2.0 million people in Burkina Faso, 1.5 million to 2.0 million in Cameroon, 0.5 million to 0.7 million in Mali, 0.2 million to 0.5 million in Mauritania, and 12.0 million to 13.0 million in Nigeria will need food assistance in April 2024—similar to April 2023 levels,” report by World Bank read.
According to Anaedoonline.ng, Tinubu stated that fuel subsidies would not be funded in the 2023 budget and that such payments were no longer warranted during his inaugural statement at Eagle Square on Monday, May 29. He declared that his administration will instead allocate funds to infrastructure and other projects in order to stimulate the economy.
The most recent inflation report from the National Bureau of Statistics, which showed that food prices had dropped significantly in October over the previous month, is consistent with this data.
Nigerians have found it difficult to purchase basic items notwithstanding NBS statistics, as the cost of food and other commodities keeps rising.
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