Connect with us

News

Food crisis: 82 million Nigerians may go hungry soon, UN warns

Published

on

More pressures on pockets as food inflation rises to 40%
Spread the love

The United Nations has again predicted that 82 million Nigerians, about 64 per cent of the country’s population, may go hungry by 2030, calling on the government to tackle climate change, pest infestations, and other threats to agricultural productivity.

The prediction comes in the wake of a persistent hike in food prices in the country.

According to the National Bureau of Statistics, Nigeria’s food inflation rate hit a record high of 40.66 per cent in May 2024, surpassing the previous month’s 40.53 increase.

This surge represents the largest year-on-year increase in food prices since records began in 1996.

Historically, food inflation in Nigeria has averaged 13.42 per cent, with the lowest point of -17.50 per cent in January 2000.

Maduka College Advert

In 2023, the Food and Agriculture Organisation predicted that no fewer than 2.6 million Nigerians in Borno, Sokoto and Zamfara states, and the FCT may face a food crisis between June and August 2024.

According to a government-led Cadre Harmonisé analysis released in March, 2024, approximately 4.8 million people in Borno, Adamawa and Yobe states are experiencing severe food insecurity, the highest level in seven years.

Also, as Nigerian workers commemorated the 2024 May Day, Organised Labour expressed concern about the country’s rising food prices and fuel scarcity, saying that the current situation threatened the survival of workers.

A Senior Advocate of Nigeria, Olisa Agbakoba, also recently warned that a hunger riot might soon break out in Nigeria, calling on the Federal Government to act fast.

Speaking recently at the launch of CropWatch in Abuja, the Resident Humanitarian Coordinator of the Food and Agriculture Organisation, represented by one of the UN officials, Taofiq Braimoh, said, “The government of Nigeria, in collaboration with others, conducts an annual food security survey. This year’s results are alarming: approximately 22 million Nigerians will face food insecurity in 2023, and around 80-82 million are at risk of severe food insecurity by 2030.

“Nigeria, like many countries, grapples with food insecurity, climate change, unreliable water patterns, pest infestations, and other threats to agricultural productivity. As an agrarian society, our farms’ success directly impacts food availability for our population. Leveraging technology is crucial to strengthening our agriculture sector and ensuring food security.”

He stressed that satellite-based crop monitoring provided real-time data on crop conditions, enabling farmers and policymakers to make informed decisions and optimise agricultural practices.

He noted that the technology could help expedite the accomplishment of sustainable development goals in food and agriculture.

‘Climate change fuelling high hunger rate’

An agricultural economist from the Centre for Agricultural Development and Sustainable Environment at the Federal University of Agriculture, Abeokuta, Tobi Awolope, attributed the high hunger rate in Nigeria to climate change, which has severely affected smallholder farmers, the main players in food production.

Awolope, who spoke to our correspondent on Friday, noted that those farmers had a low adaptive capacity to cope with the effects of climate change, such as irregular rainfall patterns and lack of irrigation.

“Climate change has reversed the progress towards achieving Sustainable Development Goals 1 and 2, which aim to eradicate poverty and hunger. Smallholder farmers are struggling to adapt to the changing climate, and this has led to declining food availability and rising prices,” she said.

She emphasised the need for government support for farmers, including subsidising production inputs, and providing technology and irrigation assistance.

“Farmers cannot mitigate the effects of climate change alone. The government needs to step in and support them to ensure food security,” she stated.

Awolope also stressed the importance of utilising research recommendations to inform policy decisions, saying, “This is not the time to leave research output on the shelf. We need to use those recommendations to make informed decisions that will support our farmers and ensure food availability.”

Meanwhile, the Director General of the National Space Research and Development Agency, Dr Adepoju Mathew, highlighted the importance of science, technology, and innovation in advancing agricultural development and food security.

“The world population is projected to reach 9.5 billion by 2050, and food production must increase by 70 per cent to meet this demand.

“Space science, technology, and innovation play a crucial role in transforming agriculture and enhancing food security,” he added.

UN report reflects real situation— Farmers

Speaking with Saturday PUNCH, the National Secretary of the All Farmers Association of Nigeria, Dr Yinusu Alidu, said the UN report should be taken seriously, noting that it reflects the real situation in the country.

He said, “What the UN said is trending at the moment, because it reflects the real situation in the country. It is not magic; the UN is only gathering reports, and speaking to the current situation. They are using global warming, climate change, insecurity, and other factors to make the report. People like us on the field know already that the UN’s report is becoming real.

“This is July and there is not enough rain yet. Weather forecast experts have predicted that there is going to be a drought. They predicted that there was going to be a short rain period, and that rain may not fall after August. They advised farmers to plant crops that will yield and mature fast. If not, the crops will be stunted and will not yield well. If people use conventional modes of planting, their farms will be affected by drought.”

Alidu urged the government to act on the report to prevent a food crisis.

He said, “It is the responsibility of the government to prevent a food crisis. The government should encourage irrigation farming systems. The government needs to create dams and channel waste water for farming purposes. Water is being wasted a lot. This is the right time for the government to be serious about off-season farming. Seventy per cent of crops grown in Nigeria are planted with direct rain; few people use irrigation systems. The government has a responsibility to make farming easy for farmers. They should support the irrigation system.

“I don’t know why the government is taking a lackadaisical approach to farming. Maybe they believe they have the money to buy anything they want, regardless of the price, because they have money. What about the average Nigerian? I would only advise farmers to be smart and fast in farming.”

‘UN report reflection of govt failure’

Also speaking with our correspondent, the President of Integrated Agricultural Services, South-West, Mr Adeyemi Adejare, described the UN’s report as a pointer to the government’s failures in supporting agriculture and farmers.

Adejare said Nigeria was already witnessing a shortage of food, saying only aggressive farming could help Nigeria out of the crisis.

He said, “The only way to avert the UN’s prediction is to engage in aggressive farming, and get genuine support from the government. Nigeria is facing food insecurity already, so we can’t shy away from what the UN said. It is a pointer to the government’s failure to support agriculture.

“The food industries and our farming system must reach a sustainable level to avert the prediction, and that requires a holistic approach. We need to discard the old farming, storing, and processing systems. Government at all levels must be genuinely committed to promoting agriculture.

“The government must empower farmers and encourage mechanised farming for the youth. The government must also provide soft loans and subsidise farming inplements for genuine farmers.”

Adejare noted that the UN report was correct, adding that the nation must take proactive actions to end food insecurity.

He said, “The UN report is correct. Currently, it will take Nigeria 30 uninterrupted farming and harvesting seasons to achieve food security, because of the shortage we have already.

“The government has not been fair to farmers. The northern farmers are enjoying little benefits from the government, but the South-West governors are not helping the farmers at all. The governors have not been helpful; they have been paying lip service to the promotion of agriculture.”  (PUNCH)

News

Man Arrested Over Alleged Rape, Killing of Young Girl in Imo

Published

on

The suspect
Spread the love

A man reportedly from Uburu in Ebonyi State has been arrested in Ikpeze, Okigwe Local Government Area of Imo State, over the alleged rape and killing of a young girl from the Onuoha family.

According to reports, the suspect allegedly raped the girl before killing her and dumping her body in a nearby bush.

The incident has sparked concern among residents, with many calling for a thorough investigation to establish the circumstances surrounding the young girl’s death and ensure that justice is served.

The identity of the suspect and other details surrounding the incident have yet to be fully disclosed.

As of the time of filing this report, the Imo State Police Command had yet to issue an official statement on the incident.

Maduka College Advert

Further details are expected as investigations progress.

UPDATE: Young Woman Umuora Mmesoma, Reportedly Killed by Ex-Boyfriend in Anambra, Buried

Meanwhile, Umuora Mmesoma, a young woman reportedly killed by her former boyfriend in Uga, Anambra State, has been laid to rest.

Mmesoma was reportedly declared missing on Friday, October 16, 2026, before her body was later discovered.

According to accounts circulating on social media, her former boyfriend, identified as Chima, allegedly killed her following the end of their relationship.

The suspect reportedly confessed to the crime, claiming that he killed Mmesoma in his house, placed her body inside a bag and dumped it at another location.

Her burial has left family members, friends and loved ones mourning the tragic loss of a young life.

Continue Reading

Business

Binance Halts Withdrawals After Reported $6.3bn Crypto Hack

Published

on

Founder Changpeng Zhao told customers their ‘funds are safe!’ after a cyber attack on the crypto exchange © Eric Piermont/AFP
Spread the love

Binance, the world’s largest cryptocurrency exchange, has temporarily suspended deposits and withdrawals following a major security breach reportedly involving about $6.3 billion in digital assets.

The exchange said its preliminary investigation indicated that an attacker may have gained unauthorised access to its systems through a compromised laptop belonging to an engineer.

In a statement released on Thursday, Binance disclosed that it was working with blockchain intelligence firms, cryptocurrency issuers and law enforcement agencies to investigate the incident and recover the affected assets.

“The estimated total impact sits at around $6.3B. We have worked with blockchain partners to freeze affected assets, with $3 billion frozen on-chain so far,” the company said.

Maduka College Advert

Binance explained that its initial findings suggested the attacker had compromised a DevOps engineer’s laptop, potentially enabling access to a service container through which unauthorised withdrawal transactions were submitted.

However, the exchange said it had found no evidence that private keys, which provide access to cryptocurrency wallets, had been exposed.

The company subsequently suspended deposits and withdrawals while its security team conducted checks and worked to contain the incident.

“Our teams are aware of reports of a potential security issue and are actively investigating. User funds are completely safe,” Binance said in a post on X.

North Korean Hackers Suspected

Blockchain intelligence firm TRM Labs has linked the incident to TraderTraitor, a cybercrime operation associated with North Korean hackers.

If the reported losses are confirmed, the incident would rank as the largest cryptocurrency theft on record, surpassing the $1.5 billion cryptocurrency theft from the Bybit exchange in 2025, which was attributed to North Korean hackers.

However, investigations into the Binance incident are ongoing, and the full circumstances surrounding the attack have yet to be conclusively established.

The incident has renewed concerns about the vulnerability of cryptocurrency platforms to cyberattacks, particularly those involving compromised employee devices and unauthorised access to internal systems.

Tether, Circle Freeze Funds

Major cryptocurrency companies have moved to limit the potential losses by freezing digital assets believed to be connected to the incident.

Tether Chief Executive Officer Paolo Ardoino said the company had frozen approximately $1.5 billion in USDT, its dollar-linked stablecoin.

Circle, the issuer of another major stablecoin, also reportedly froze about $800 million in assets amid reports of a potential security breach at Binance.

Binance said the amount of frozen funds could increase as investigators and industry partners continue tracing transactions across different blockchain networks.

The exchange is working with relevant stakeholders to identify the movement of the affected assets and prevent further transfers where possible.

Bitcoin, BNB Prices Fall

The reported security breach triggered a negative reaction in the cryptocurrency market, with major digital assets recording significant declines.

Bitcoin fell by approximately four per cent to $77,229 in the hours following reports of the incident.

BNB, the native token of the blockchain ecosystem developed by Binance, also dropped by about 7.5 per cent.

The price movements reflect investor concerns about the potential consequences of a major security incident at a leading cryptocurrency exchange.

Binance, which was established in 2017, reportedly holds approximately $140 billion in digital assets, making its security arrangements and ability to protect customer funds significant to the wider cryptocurrency industry.

CZ Says Customer Funds Should Be Covered

Binance co-founder and former chief executive, Changpeng Zhao, popularly known as CZ, also commented on the incident.

Although he stepped down from management of the exchange in 2023 following a settlement with United States authorities over anti-money-laundering compliance failures, Zhao said he expected customer funds to be protected.

As a shareholder, he expressed confidence that users would not ultimately bear the financial losses associated with the incident.

Binance has also indicated that it would cover eligible customer losses using its own resources, including its Secure Asset Fund for Users (SAFU), an emergency fund established to provide an additional layer of protection for customers.

The company’s final assessment of the losses and the extent of customer exposure will depend on the outcome of the ongoing investigation.

Polymarket Reports Separate Security Incident

The Binance incident emerged just hours after Polymarket, a popular prediction market, reported a separate security issue involving one of its third-party service providers.

Polymarket temporarily suspended trading after discovering that the provider had been compromised, potentially exposing some users to unauthorised activity involving their accounts.

The platform said it had referred the matter to law enforcement and promised to compensate affected users.

The two incidents have raised fresh questions about the security of cryptocurrency trading platforms and the risks associated with third-party technology providers.

In recent years, cryptocurrency exchanges and decentralised finance platforms have repeatedly been targeted by hackers seeking to exploit vulnerabilities in software, digital wallets and internal security systems.

Crypto Industry Faces Growing Security Threats

The reported Binance breach comes amid continuing concerns over cryptocurrency theft and the growing sophistication of cybercriminal operations.

According to blockchain analytics firm Chainalysis, North Korean-linked hackers stole approximately $2 billion in cryptocurrency in 2025, representing a 50 per cent increase from the previous year.

In another major incident, hackers reportedly stole about $280 million from the Drift cryptocurrency exchange in April.

The latest developments have highlighted the importance of stronger cybersecurity controls, effective monitoring of employee devices, rapid detection of suspicious transactions and cooperation between cryptocurrency companies and law enforcement agencies.

For Binance, the immediate priority remains containing the incident, tracing the affected funds and establishing the full extent of the losses.

The company is expected to release a detailed technical report after completing its investigation and verifying the facts surrounding the breach.

Continue Reading

News

Tinubu Arrives in Saudi Arabia for Umrah, Set to Return Next Week

Published

on

Spread the love

President Bola Ahmed Tinubu has arrived in Saudi Arabia to perform Umrah, the Islamic lesser pilgrimage, as part of a religious visit to the Kingdom.

Tinubu arrived at the King Abdulaziz International Airport in Jeddah on Thursday evening, where he was received by Nigeria’s Ambassador to Saudi Arabia, Yakubu Gambo, and the Saudi head of royal protocol, Ahmad bin Thafir.

The President is expected to proceed to Makkah, the holy city where Muslims from across the world gather to perform the religious rites associated with Umrah.

According to the travel schedule, Tinubu is expected to return to Nigeria next week after completing the pilgrimage.

Umrah is a voluntary Islamic pilgrimage that can be undertaken at any time of the year, unlike Hajj, which takes place during a specific period in the Islamic calendar. The religious exercise involves a series of rites performed in Makkah and is regarded by Muslims as an opportunity for spiritual reflection, repentance and seeking Allah’s blessings.

Maduka College Advert

The visit marks another religious journey by the President since assuming office on May 29, 2023.

Tinubu previously visited Makkah in November 2023, shortly after participating in the Saudi-African Summit in Riyadh, the Saudi Arabian capital. During that visit, he also performed Umrah and sought divine guidance for his administration and the affairs of Nigeria.

His latest trip comes as his administration continues to grapple with major national issues, including economic reforms, the cost of living, security challenges and efforts to stimulate investment and economic growth.

Although the visit is primarily religious, it also highlights the President’s continued engagement with Saudi Arabia, an important partner for Nigeria in areas such as energy, trade, investment and religious affairs.

Since taking office, Tinubu has undertaken numerous foreign trips involving bilateral meetings, multilateral summits, investment engagements and diplomatic visits across several continents.

The frequency of presidential foreign travel has also generated public discussion about the costs, benefits and outcomes of overseas engagements, particularly at a time when Nigerians are concerned about economic hardship and the need for improved living standards.

The Presidency has consistently maintained that international engagements are intended to strengthen Nigeria’s diplomatic relations, attract investment and advance the country’s economic and strategic interests.

Tinubu’s return next week is expected to mark the conclusion of the religious visit, after which he is expected to resume his presidential responsibilities in Nigeria.

Continue Reading

Trending

Maduka College Advert