News
UN seeks $910m for humanitarian crisis in Nigeria’s northeast
The United Nations will this week appeal for $910 million to help tackle a humanitarian crisis in northeastern Nigeria, which has been in the grip of an Islamist insurgency since 2009 and was hit by flooding last year, documents showed on Wednesday. The UN documents seen by Reuters showed that 7.8 million people need help in the three northeastern states of Adamawa, Borno and Yobe, and the UN aims to help 3.6 million of them. At $910 million, it is the most expensive humanitarian crisis in West and Central Africa, ahead of Chad, Mali, Burkina Faso, Niger, the documents showed.
Nigeria is also grappling with a cost of living crisis that has seen inflation accelerate to its highest level in nearly three decades, propelled by skyrocketing food prices. The UN has previously said Nigeria’s northeast risks becoming a forgotten crisis as the humanitarian focus has shifted to crises elsewhere such as Ukraine, Gaza and Sudan.
A joint report by the government and UN in November said Nigeria faces one of its worst hunger crisis with more than 30 million people expected to be food-insecure this year. President Bola Tinubu’s economic reforms, including scrapping a fuel subsidy and foreign exchange controls, have been blamed for worsening Nigeria’s economic troubles. He says the reforms will put the economy on a stronger path to growth.
-
Finance2 days agoAccess Bank failed in Bidvest Bank acquisition bid, could not meet S. A regulatory requirements
-
Finance2 days agoBanks hoarded redesigned naira, EFCC witness tells court in ex-CBN governor Emefiele’s trial
-
News2 days agoLagos, Enugu, Kebbi, 10 other states to experience longer-than-normal length of rainy season: NiMet
-
News18 hours agoPENGASSAN members reject suspension of branch excos, question CRS dues
-
News2 days agoNigeria drops two places lower in Transparency International’s corruption perceptions index, ranking 142
-
Business19 hours agoJumia aims for profit as it fends off Chinese rivals
-
Uncategorized19 hours agoEcobank Nigeria Launches New Business App for SMEs
-
Economy19 hours agoFG orders NAFDAC to halt sachet alcohol ban enforcement citing economic, security risks
