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Current food situation unsustainable, FG tells IMF

Published by The Nation on Tue, 30 Mar 2021


By Nduka Chiejina (Assistant Editor)The Federal Government has raised the alarm the current food situation in Nigeria and the continent is unsustainable.Minister of Finance Budget and National Planning, Mrs. Zainab Ahmed raised the alarm at the ongoing virtual World Bank-IMF 2021 Spring meetings roundtable on food security in Africa.Nigeria, like other countries, the Minister said: has faced critical challenges in her drive for food security.Read Also:IMF: dollar loans pose currency risks for Nigeria, othersThese challenges, she said, affects the upstream and downstream agricultural sector.She added: The current food situation is unsustainable. We strongly believe that given the quantum of arable land in Africa, the time to change the global support to commercial agriculture is now.This situation she said requires Foreign Direct Investment (FDI) flows into the agriculture value chain.
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