General
Sharp Hike in Food Prices Triggers Fear of Hunger in Nigeria
By Modupe Gbadeyanka
There is a huge fear of hunger in Nigeria as a result of the sharp increase in the prices of food items, the International Committee of the Red Cross (ICRC) has said.
The group noted that at the different nutrition centres it supports in the country, it has witnessed an increase in malnutrition rates among children.
In a statement issued over the weekend, it said the number of children treated by the outpatient nutrition program grew by 20 per cent, while the number of severe malnutrition cases rose by 10 per cent, compared to the same period last year.
It was stressed that the rise in the number of patients was registered despite the ICRC putting on hold its community outreach program due to COVID-19 pandemic.
The outreach program, implemented in collaboration with the Nigerian Red Cross Society (NRCS), is its most efficient tool to identify malnourished children.
“What we are seeing now is just the tip of an iceberg, and we are very concerned by the trend, especially in Maiduguri,” an ICRC nutritionist, Thomas Ndambu, said, adding that, “I am certain that when Nigerian Red Cross volunteers resume their community outreach, the numbers will surge.”
The economic impact of the COVID-19 pandemic put additional strain on the vulnerable communities in the North-East of Nigeria, where the decade-long armed conflict is severely hampering agricultural production and self-sufficiency of local farmers.
“Everywhere we work the food prices have gone up, in some places they doubled. It means that millions of people in the North-East of Nigeria do not have enough to eat,” said Ruth Mwakiuna Muriungi, economic security programs coordinator for the ICRC.
Almost two million people in the North-East are currently displaced and do not have access to their agricultural land and production tools. In many areas of the Lake Chad region, insecurity and movement restrictions have limited farmers’ ability to plant crops.
Kano, Nigeria’s major seeds producer, was among the areas hit the hardest by the pandemic during the planting season, which affected seed processing and transportation.
As a result, many farmers could not obtain seeds or received them too late. The ICRC, one of the major contributors to the agricultural sector in the North-East, managed to obtain less than 60% of the seeds it was originally planning to distribute to vulnerable communities.
With Nigeria depending on food import for a tenth of its food needs, border closures and restrictions on movement during spring and summer months have also affected the availability of food in the markets. Extreme weather is another factor influencing food production in Nigeria.
For example, Adamawa state has experienced dry spells at the beginning of the agricultural season, which is expected to have a negative impact on the production of maize in the area.
It was disclosed that between January and September 2020, one million people received food and livelihood assistance from the ICRC. The activities were carried out in close collaboration with the NRCS.
A further breakdown showed that 49,625 households received food rations (36,872 households), cash relief (7,252 households) and nutritious soya-corn blend (5,501 households).
Also, 30,769 households received seeds and tools, 11,501 households received cash to protect the seeds during the planting season, while 36 herders benefited from the vet vaccination and 11,068 vet items were donated to the veterinary hospital in Maiduguri.
In addition, 1,883 households participated in cash for livelihood activities and income generation programs, 120 people with disabilities benefitting from the micro-economic initiative program in Kano, while 30,111 households received essential household items to improve their living conditions.
By Aduragbemi Omiyale
The annual retreat for business managers and executives organised by the Nigeria Employers’ Consultative Association (NECA) will take place from April 16 to 18, 2026, at the AAE & T Hotel, Kuto, Abeokuta, Ogun State.
This year’s edition is themed The Resilient Enterprise, People and Systems: Building and Managing Businesses that Outlive Seasons, Cycles and Crises.
The programme aims to equip leaders with the insights, tools, and networks required to build resilient organisations in an increasingly complex business environment.
It will provide a unique platform for executive-level engagement through high-level conversations, peer learning sessions with experienced leaders, strategy reflection workshops, and curated networking opportunities.
Expected to attend are industry leaders, senior executives, and business managers from across sectors. They will explore strategies for sustaining organisational performance through leadership transitions, economic cycles, regulatory shifts, and market disruptions.
Participants will also benefit from interactive discussions focused on strengthening corporate governance, developing agile leadership capabilities, and building organisational systems that can withstand periods of uncertainty and transformation.
A notice from NECA said the event is open to both members and non-members, with participation fees set at N300,000 for members and N320,000 for non-members. Discounts will also be available for Gold and Silver members, subject to applicable terms and conditions.
Interested participants are encouraged to register via the official registration link to secure their place at the retreat, which promises to deliver valuable insights and connections for executives seeking to build enterprises capable of thriving through seasons of change and uncertainty.
The Director-General of NECA, Mr Adewale Smatt-Oyerinde, noted that by convening business managers and senior executives in a collaborative learning environment, the association aims to contribute to the development of stronger, future-ready enterprises that can drive economic growth, create jobs, and support national development even in the face of evolving global and local challenges.
He added that the retreat will provide executives with the opportunity to step away from daily operational demands and engage in deeper strategic conversations with peers and industry experts.
“The theme of this year’s retreat speaks directly to the realities businesses face today. Across sectors, organisations are navigating leadership transitions, regulatory shifts, economic pressures, and technological disruption.
“What distinguishes enduring enterprises is their ability to build strong systems, develop capable leaders, and create organisational cultures that can adapt and respond effectively to change,” the NECA chief said.
By Modupe Gbadeyanka
In further demonstration of its unwavering commitment to its workforce, Nigeria’s foremost power generation company, Egbin Power Plc, has unveiled 80 new residential housing units for employees within its plant premises in Egbin, Lagos State.
This comprises 40 fully furnished three-bedroom apartments and 40 furnished studio apartments, all designed to contemporary standards.
The units feature modern infrastructure and thoughtfully planned utilities, creating a safe, comfortable, and conducive living environment that supports both employee productivity and family well-being.
This strategic investment underscores the company’s philosophy that a well-supported workforce is fundamental to sustained operational excellence.
The new housing units are part of a holistic strategy to cultivate a stable, motivated, and future-ready workforce.
This strategy extends beyond infrastructure to encompass robust career development and recognition. Over the past three years, Egbin Power has promoted 112 employees across various cadres, reinforcing a culture that rewards merit, performance, and long-term dedication
“At Egbin Power, our people are our most valuable asset. Even amidst the prevailing liquidity and operational realities within the broader power sector, our focus on employee welfare has remained deliberate and consistent.
“This significant expansion of our residential estate is a tangible expression of that commitment.
“It is one of several key initiatives aimed at ensuring our employees feel genuinely supported, allowing them to thrive both personally and professionally,” the chief executive of Egbin Power, Mr Mokhtar Bounour, said.
Initiated in 2025 and completed in January 2026, this project is the latest milestone in Egbin Power’s structured and ongoing approach to enhancing employee welfare. It reflects the energy firm’s dedication to fostering a culture where every team member feels valued, secure, and motivated.
By Aduragbemi Omiyale
On Tuesday, March 10, 2026, at the Nigerian Exchange Group House in Lagos, the role of capital markets in promoting gender equality will be reemphasised through the closing gong ceremony in commemoration of International Women’s Day 2026.
The ceremony is part of the global Ring the Bell for Gender Equality campaign, which mobilises stock exchanges worldwide to expand women’s participation in the economy and advance gender-inclusive practices.
In Nigeria, the NGX Group is partnering with the Central Securities Clearing System (CSCS) Plc and Women in Management, Business and Public Service (WIMBIZ) to make it memorable under the theme Rights. Justice. Action. For ALL Women and Girls.
Dignitaries expected at the ceremony include the Minister of State for Foreign Affairs, Mrs Bianca Odumegwu-Ojukwu; the First Lady of Imo State, Mrs Chioma Uzodimma; the Executive Commissioner for Legal and Enforcement at the Securities and Exchange Commission (SEC), Ms Frana Chukwuogor; foremost actor, Ms Funke Akindele; a Director at the NGX Group, Ms Ojinnika Olaghere; and another staffer of NGX Group, Mrs Fatima Wali-Abdulrahman, alongside board members of NGX Group, regulators, capital market stakeholders, and industry leaders.
NGX Group is joining other exchanges worldwide in sounding the NGX Gong to underscore the importance of inclusive leadership, equal opportunities, and stronger market accountability in advancing gender equality.
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