In the wake of World Food Day, inflation-weary Nigerians are resorting to begging and borrowing for survival. The food crisis has pushed over 1 million people into severe food insecurity, with children suffering and parents feeling hopeless.
Rising food scarcity and unaffordability have forced more citizens into poverty, driving them to alms begging and loan apps for basic sustenance. The Central Bank of Nigeria reports a significant rise in personal loans, indicating a deepening economic crisis.
The 2024 World Food Day brings fresh anxiety as inflation continues to spike, impacting the prices of staple foods. With headlines revealing a 32.7% inflation rate and a 37.8% food segment increase, the situation looks dire for many households struggling to afford a basic meal.
Stakeholders warn of the dire consequences of unchecked food insecurity, urging the government to address critical issues like insecurity, transportation costs, and food wastage. The road ahead looks challenging, with millions at risk of hunger unless drastic measures are taken.
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