General
Why Nigeria is Facing Worsening Food Crisis—Veriv’s Survey
By Adedapo Adesanya
A data insights company, Veriv Africa, has called for increased focus on tackling insecurity and boosting private sector involvement in the Nigerian agriculture to help staunch the growing food crisis in the country.
This was informed by its survey, Veriv Africa Nigeria Food Price Baseline Survey 2025, which found that the country is facing a worsening food crisis stemming from systemic challenges such low agricultural productivity, insufficient policies, dearth in policy harmonisation, as well as climate, geopolitical, and economic shocks.
The survey examined the state of Nigeria’s agricultural sector, focusing on six key crops: cocoa, sesame, rice, corn, tomato, and yam. The study, conducted across five case-study states, revealed critical challenges and opportunities within these value chains.
The report found that despite agriculture employing 30.1 per cent of Nigeria’s labour force and contributing 24.64 per cent to GDP, the country faces a food crisis with food inflation reaching 26.08 per cent in January 2025 and 33 million people are projected to experience food insecurity.
It warned that Nigeria’s crop yields are significantly below global averages, indicating substantial inefficiency in the sector.
According to the study shared with Business Post, Nigeria’s maize yields stand at 1.939.1 kilograms per hectare (kg/ha), significantly below the global average of 5,962.3 kg/ha and the African average of 2,154.8 kg/ha.
At the same time, rice yields in Nigeria (1,974 kg/ha) also lag behind the global average of 4.751.8 kg/ha and the African average of 2.313.3 kg/ha, citing data from the United Nation’s Food and Agriculture Organisation (FAO) data from 2023.
This is also similar across other select crops like cocoa, millet, and tomato.
The survey, which included 543 farmers, found that most farmers operate on small land holdings (1-4 acres) and rely on family labour and found that most farmers (60 per cent) finance their activities through personal savings, indicating a lack of access to formal credit.
The data also showed that key challenges faced by Nigerian farmers include lack of access to finance (54 per cent), insecurity (21 per cent), and post-harvest losses (12 per cent).
Farmers desire greater access to finance (52 per cent), improved security (22 per cent), and access to subsidised inputs (19 per cent) as key interventions.
Most farmers (64 per cent) feel better off than in previous planting seasons due to high crop prices, but over half of the surveyed expect the country to be worse off in the next twelve months.
While 82.5 per cent of farmers plan to continue with their primary crops, those who plan to change highlight high input costs, pests, diseases, and low yields as reasons.
Veriv recommended that addressing security challenges, attracting more private sector participation in food production activities, providing rural infrastructure, and establishing staple crop processing zones (SCPZs) in physical proximity to core crop-producing zones is a good course of action.
The firm also advocated democratising and decentralising agricultural extension services to farmers, adopting modern farming techniques, and promoting access to finance to unlock the sector’s potential and ensure food security.
Speaking on the survey, the co-founder of Veriv Africa, Mr Basil Abia, told Business Post that Nigeria lacks an updated central food production data and this survey provides a tentative outlook before the company releases a wider general agriculture data for the country, which will be released later this year.
“As the months go, we will add more crops and expand coverage regarding the value chains; we shall add another layer by 2027 with a beta test by December 2026. That layer is a for a marketplace and mostly for international businesses that want raw materials from Nigeria.”
He pointed out that the first phase of the project are important for social impact projects before evolving into serving corporate needs that will see companies have adequate data for making their decisions.
By Aduragbemi Omiyale
In order to aid alternative and sustainable means of livelihood amid rising food prices and growing concerns over food security in Nigeria, the Ibese Plant of Dangote Cement Plc has handed over a state-of-the-art garri and fufu processing plant to the Kajola host community in Ewekoro Local Government Area of Ogun State.
The facility is expected to support cassava farmers and processors by improving efficiency and expanding income-generating opportunities.
According to the organisation, the project, delivered under the Community Development Agreement (CDA) with its host communities signed in 2022, is a strategic intervention aimed at boosting agricultural value addition, reducing post-harvest losses and strengthening livelihoods for rural farmers and women.
The Ibese Plant Director, Mr Ayyagari Subbaraidu, at the commissioning, said, “This project is aimed at improving cassava processing, reducing losses and creating sustainable employment for women and farmers in the community.”
He disclosed that the facility features separate garri and fufu processing units equipped with modern machinery, including a five-tonne-per-day peeling machine, hydraulic presses, frying systems, fermentation basins, solar-powered boreholes and sanitation infrastructure, adding that it will serve as a catalyst for local economic growth by enhancing productivity and supporting small-scale agribusinesses across Kajola and neighbouring communities.
The Plant Director also urged the community and the Project Governance Committee to maintain transparency in the management of the facility to ensure long-term sustainability.
The Ogun State Commissioner for Agriculture and Food Security, Mr Bolu Owotomo, who was at the unveiling of the project, said it aligns with Governor Dapo Abiodun’s vision of making agriculture a key driver of economic growth through value addition and enterprise development.
The Commissioner disclosed that “over 166,000 farmers, including more than 90,000 cassava farmers, have been registered under the Ogun State Farmers Information Management System (OGFIMS) to benefit from government interventions.”
He urged the community to safeguard the facility and assured residents of the continued support of the state government towards agricultural development and food security.
“This processing plant will strengthen the cassava value chain, improve product quality, create jobs and enhance food security while boosting farmers’ incomes,” the Commissioner stated.
By Adedapo Adesanya
The federal government has hailed the recent sanctioning of three Nigerian bureau de change (BDC) operators by the United States’ Office of Foreign Assets Control (OFAC) for alleged terrorism financing.
“The Nigeria Sanctions Committee welcomes the recent inclusion of Mukthar Muhammad Adamu, Nine to Nine BDC, and Generation BDC Limited by the United States Office of Foreign Assets Control (OFAC).
“These designations follow the inclusion of Adamu and his companies as part of a broader update to the Nigeria Sanctions List approved and published on 18th June 2026,” it disclosed in a statement.
It said that the naming of the three companies and six people followed extensive intelligence gathering, financial investigations, and inter-agency assessments, which established reasonable grounds to believe that the affected individuals and entities facilitated, financed, supported, or otherwise contributed to the activities of the Islamic State West Africa Province (ISWAP) and associated terrorist networks.
“The individuals and entities added to the Nigeria Sanctions List on 18th June 2026 are Ibrahim Yakubu Ogirima (NLISWi.19), Muktar Muhammad Adamu (NLISWi.20), Adamu Chiroma (NLISWi.21), Ibrahim Abubakar (NLISWi.22), Abdullahi Umar Usman (NLISWi.23), Babangida Muhammed Adamu Hammajam (NLISWi.24), Abbal Bako & Sons Bureau De Change Limited (NLISWe.25), Generation Currency BDC Limited (NLISWe.26), Nine to Nine BDC Limited (NLISWe.27),” the statement read in part.
The federal government reiterated its directive to all financial institutions and designated non-financial businesses and professions to continue to comply with all sanctions obligations, including asset-freezing requirements, the filing of suspicious transaction reports, and the reporting of all relevant matches to the appropriate authorities.
The sanctions committee commended the work of the Federal Ministry of Justice, Office of the National Security Adviser (ONSA), Central Bank of Nigeria (CBN), Department of State Services, Economic and Financial Crimes Commission, and the Nigerian Financial Intelligence Unit for their actions to ensure that terrorist groups are denied the resources that sustain their activities.
It stated that Nigeria remains resolute in its commitment to ensuring that terrorists and their financiers find no safe haven within the country’s financial system.
The committee also said that the Federal Government would continue to work closely with domestic stakeholders and international partners to protect national security, strengthen financial integrity, and contribute to global efforts to combat terrorism and its financing.
By Aduragbemi Omiyale
A radio station, Wise FM, has been sealed by officials of the Lagos State Environmental Protection Agency (LASEPA).
The premises of the broadcast media platform, located on Ogabi Street, Meiran, Ile-Iwe Bus Stop, were shut by the state government on Tuesday, June 23, 2026, alongside other establishments across different parts of Lagos State for alleged persistent violations of environmental regulations despite repeated warnings, abatement notices, and opportunities provided for compliance.
In a statement by LASEPA, it was disclosed that the enforcement exercise was carried out in response to various environmental infractions, including noise pollution, air pollution, obstruction of official duties, and failure to comply with its directives.
As regards Wise FM, it was said that it was sealed for noise and air pollution as well as non-compliance with the Agency’s directives.
Another organisation affected, Star-View Terrace, located in Amuwo Odofin, Lagos, was shut down for noise pollution and non-compliance with the agency’s directives, while Premiership Suites, located at Akin Osiyemi Street, Off Allen Avenue, Ikeja, was sealed for non-compliance with the agency’s directives.
Speaking on the enforcement operation, the General Manager of LASEPA, Mr Babatunde Ajayi, reiterated the organisation’s unwavering commitment to safeguarding public health and ensuring a cleaner, safer, and more sustainable environment across Lagos State.
He stressed that both individuals and corporate organisations have a responsibility to comply with environmental laws and regulations, stressing that environmental protection remains a collective duty that requires the cooperation of all stakeholders.
The LASEPA boss warned that the agency would continue to intensify enforcement actions against violators in order to curb environmental nuisances and protect residents from the harmful effects of pollution.
Mr Ajayi urged residents, business owners, and operators of commercial establishments to adopt environmentally responsible practices and cooperate with regulatory authorities in promoting a healthier, cleaner, and more livable Lagos.
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