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 Adedapo Adesanya
The National Drug Law Enforcement Agency (NDLEA) has arrested a suspected drug trafficker, Mr Egwu Phillip Inya, a building engineer, while attempting to take delivery of illicit consignments concealed in pressure machines imported from South Africa.
According to a statement by the NDLEA spokesperson, Mr Femi Babafemi, on Sunday, the 42-year-old Egwu was arrested on Monday, December 2, 2024, at Okeyson Motor Park in Enugu when he showed up to collect three units of pressure machines inside which were hidden parcels of Loud, a synthetic strain of cannabis, weighing 7.40 kilograms.
Mr Babafemi stated that the consignments had arrived the Murtala Muhammed International Airport, Ikeja Lagos import shed on November 29, 2024.
“Following credible intelligence, officers of the MMIA Strategic Command of the Agency had monitored the shipment pass through clearing processes up to a logistics company’s warehouse outside the airport where it was to be collected by the consignee.
“The importer however changed the point of collection to Enugu at the last minute. As a result, NDLEA operatives in a follow-up operation in Enugu arrested Egwu when he showed up to collect the consignments.
“No fewer than 511,000 pills of tramadol were recovered from a Siena vehicle at Hildi, Askira Uba way in Adamawa state by NDLEA operatives on patrol along the road in the early hours of Friday 6th December.
“The occupants of the vehicle had made a detour upon sighting the NDLEA team and, after a distance, abandoned the vehicle with the consignments after noticing the operatives were on their trail,” the statement said.
It also added that in Ekiti State, two suspects, Mr Olanrewaju Alale, 48, and Mr Babatunde Kayode Ijadahun, 55, were arrested along Ise- Emure road in a J5 bus marked EPE 958 XJ while transporting 108 jumbo bags of cannabis weighing 1, 323 kilograms to Owo, Ondo state from where they claimed the consignment will be moved to the North for distribution.
It further read, “Another suspect, Adekunle Yusuf, 33, was nabbed by NDLEA operatives with 704 kilograms of the same psychoactive substance, concealed in white sacks on Friday 6th December at Idere road, Igboora, Oyo state.
“In Lagos, a grandmother, 65-year-old Ramata Bola Adeyemo was on Friday 6th December arrested by NDLEA operatives at 62 Odunfa Street, Lagos Island, where 20.6 litres of codeine-based syrup was recovered from her. Also arrested in Lagos was Alhaji Lawan Manga who was picked up at Ogundana Street, Ikeja on Thursday, December 5 while 4.7kg cannabis and 1.3kg tramadol were recovered from him.
“With the same vigour, Commands and formations of the Agency across the country continued their War Against Drug Abuse, WADA, sensitization lectures to schools, worship centres, workplaces and communities among others in the past week. These include WADA sensitisation lecture to students and staff of Progressive Secondary School, Ado Awaye, Oyo state; Muslim Grammar School, Ede, Osun state; Government Girls College, Maiduguri, Borno state; Community Secondary School, Ogale, Rivers state; Santa Maria Secondary School, Igogoro, Enugu state; and Chiranci Upper Basic Junior Secondary School, Bichi, Kano state while Lagos State command of NDLEA organised WADA enlightenment lecture for leaders and members of NURTW, Orile Agege, Lagos, among others.
The chief executive of NDLEA, Mr Buba Marwa, stated that their operational successes and those of their compatriots across the country especially their balanced approach to drug supply reduction and drug demand reduction efforts are well appreciated.
By Aduragbemi Omiyale
The chief executive of Coronation Asset Management, Mr Aigbovbioise Aig-Imoukhuede, will speak at the Africa Financial Summit (AFIS) fixed for Monday, December 9 to Tuesday 10, 2024, in Casablanca, Morocco.
Mr Aig-Imoukhuede, who is also the President of the Fund Managers Association of Nigeria (FMAN), will participate as a distinguished speaker on a strategic panel titled Connecting the Dots Between Investors and Issuers with AI and Fintech, with the session to be moderated by Senior Director at McKinsey and Company, Anass Bensrhir.
He will be joined by the Director General of the Securities and Exchange Commission (SEC) in Nigeria), Mr Emomotimi John Agama; and the Chairman of the Financial Regulatory Authority in Egypt, Mr Mohamed Farid Saleh.
The panel will delve into critical topics such as cultivating a digital investment culture to attract investors and issuers, scaling digital investment products through traditional banking channels, and fostering strong collaboration between fintech innovators and regulators.
Mr Aig-Imoukhuede will share insights on how Coronation is developing digital infrastructure and frameworks to enable wealth creation at all levels—individual, organisational, and public sector—while influencing economic growth across the continent.
“At Coronation, we believe that wealth creation should be accessible to all, and technology is the key to making this a reality.
“Through AI and fintech, we aim to bridge the gap between investors and issuers, laying the foundation for a thriving financial ecosystem across Africa. The discussions at AFIS will be instrumental in driving this transformation,” he stated.
Mr Aig-Imoukhuede is a seasoned leader in the financial sector, with extensive experience in wealth management, investment strategy, and policy advocacy.
His leadership at Coronation Asset Management highlights his expertise in driving innovative investment strategies, advancing wealth management solutions, and fostering sustainable growth across Nigeria’s financial ecosystem and the broader African market.
Coronation’s participation at AFIS reflects its commitment to redefining financial services through innovation and partnerships.
By Emmanuel Udom
The president of the Crime Reporters Association of Nigeria (CRAN), Mr Olalekan Onabulo, has explained how the various justice systems could work to stop the recycling of criminals and ex-convicts in the country.
Speaking in his welcome address at the CRAN Public Lecture/Award ceremony held at Sheba Event Centre in Ikeja, Lagos, Mr Onabulo said that there is no denying the fact that the pursuit of justice and security is a shared responsibility that demands collective efforts and collaborations.
He further explained that since recidivism, which is the recycling of criminals and ex-convicts is a hydra-headed monster, which has become a significant source of concern for security agents in the country.
Security operatives are in most cases ambushed, killed or maimed by criminals earlier arrested, investigated and prosecuted who returned to a life of criminalities after their convictions.
According to the CRAN leader, these criminals are emboldened and unrepentant and may want to take their pounds of flesh from security operatives to carry out their professional duties.
Speaking on Justice System Administration and Security in Nigeria: Challenges, Opportunities, and Solutions, Mr Onabulo said all hands must be on deck to address the issue as the whole process seems to have failed and must be redeemed by all and sundry.
”The security operatives, the judiciary and indeed all Nigerians must collaborate and work together to create a safer, just, and equitable society for all,” he stated.
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