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Nigeria’s Food Shortage Reaches 5.7 Million Metric Tonnes – AFEX

As food prices continue to soar unabatedly and harrowing hunger frustrating Nigerians, AFEX, weekend, reported that Nigeria’s food shortage reaches 5.7 million metric tonnes.
AFEX being one of Africa’s leading commodities made this known during the unveil of its 2023 Crop Production Report in an hybrid event.
The report highlighted major factors as causes of food shortage in Nigeria, which had pushed the country to 109th out of 125 countries as indicated on Global Hunger Index, and described it as alarmingly high, indicating a severe food security crisis.
The report highlighted food insecurity and food inflation as a major challenge for Nigeria, with a 5.7 million metric ton shortage across human consumption and agro processing, and a historic high food inflation rate of 30.64%.
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The report noted that as food prices continue to surge, as witnessed in the 2023 season, food security challenges will continue to persist, further reducing the continent’s capacity to achieve Zero hunger by 2030.
The report highlights a critical improvement in access to farmland for cultivation in crucial areas.
According to the report, there is an increase in the usage of improved inputs, such as high-yielding seeds and fertilizers, compared to last season, which contributed to Maize and Paddy rice being forecasted to have a significantly higher production this season.
However, input lending remains a major challenge today, with agriculture making only 6.16% of bank lending in 2022.
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The President/CEO of AFEX Nigeria, Akinyinka Akintunde, speaking during the launch of the report said: “This year, we nearly doubled our sample size from 20,677 to 39,091 to get an accurate reflection of the current state of Agriculture production, and we found that we must take extra care to prioritize improvement in agricultural productivity for these farmers, and this is hinged on investing in the sector, and solving for infrastructure, logistics, and technology gaps.
“This transformation will substantially enhance food self-sufficiency and increase our ability to meet the nutritional and food security needs of a growing population while also bolstering the economy through foreign exchange earnings.”
“A recurring limitation for agriculture on the continent is a shortage of reliable data, which affects the availability of transparent pricing and limits, on one hand, participation from the side of capital market operators and largely financial market players and on the other hand, farmers’ ability to negotiate equitable contracts for themselves.
“This report attempts to build that gap by building a reliable data bank to promote market education and facilitate accurate trading decisions.”
However, the report forecasts higher prices for Paddy rice, Soybean, Sorghum, Cocoa, and Sesame.
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On pricing, the report forecasts an increase in prices for all commodities on the basis of a general decline in production coupled with increasing demand for across processing and exports.
Paddy Rice which faced the most notable upswing in 2022/2023, partly due to increased flooding and the India rice ban that contributed to an increase of 34% and a baseline pricing of NGN353,000/mt, which is expected to rise to NGN400,000/mt and projected to stabilize at NGN480,GN500,000/mt by Q3 2023.
Meanwhile, the six key commodities (Maize, Paddy rice, Soybean, Sorghum, Cocoa, and Sesame), which leveraged on farmer surveys and measurement of transaction-level data to track vital information across crop production, price performance, and market dynamics.
The report will aid the understanding of the current food system while providing stakeholders’ in the commodities market with intel to make data-driven trading decisions in the coming season.
AFEX is a platform business that enables efficient trade for commodities in Africa. Solutions start at the producer level, ensuring improvement in productivity and livelihoods while building up commodity volumes in the right quality and quantity for local and regional trade.
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Otuaro Pledges To Expand PAP Scholarship As Beneficiaries Bag Master’s Degrees From UK Varsities

Administrator of the Presidential Amnesty Programme (PAP), Dr. Dennis Otuaro, has expressed his unwavering commitment to expanding the PAP scholarship scheme.
The PAP boss made the pledge at a graduation reception for nine students who were awarded foreign post-graduate scholarships by PAP in universities in the United Kingdom.
A statement by his Special Assistant on Media, Mr Igoniko Oduma, said the successful scholars are the first graduates in the offshore post-graduate scholarship deployment to UK institutions by the PAP Administrator, Dr Dennis Otuaro, for the 2024-2025 academic session.
According to the statement, they graduated from the Anglia Ruskin University, University of Dundee and The University of Law with master’s degrees in cyber security, data science and engineering, law, construction and civil engineering management, project management, and ICT.
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Otuaro disclosed in the statement that 711 undergraduate and post-graduate scholarship beneficiaries are expected to graduate from universities within Nigeria this year.
According to Otuaro, the expansion of the scholarship scheme is aimed at creating more opportunities for indigent students of Niger Delta extraction to access higher education with a view to closing the human capital development gap in the region.
Otuaro said it was for this reason he deployed 3800 beneficiaries in-country in the 2024-2025 academic year, and increased the figure to 3900 in the 2025-2026 academic session with 200 for foreign scholarships.
He said under his administration, 7700 students have been so far deployed for the PAP scholarship scheme within Nigeria in less than two years.
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According to him, aince he took over, he has deployed 162 students from the region for post-graduate programmes in targeted disciplines in the UK universities.
According to him, this is in conformity with the Renewed Hope Agenda of President Bola Tinubu for the Niger Delta, who has given unprecedented support to the PAP because of his sincere love for the area.
The PAP boss said, “Our decision aligns with the Renewed Hope Agenda of His Excellency, President Bola Ahmed Tinubu GCFR for the Niger Delta. We will continue to create more higher educational opportunities for students from indigent backgrounds in our region.
“We are also deepening the implementation of the programme’s mandate in informal education and other areas for the sustainable peace and socio-economic advancement of the region.”
Otuaro, who congratulated the master’s graduates on their successful graduation, stressed that they completed their programmes in record time which shows the seriousness they had put into their studies.
He said they have justified the Federal Government’s investment in their education with their successful graduation, and urged other beneficiaries not to be distracted in their academic pursuits.
“We congratulate these scholars on their successful graduation. It shows that they took their studies seriously. That is what we demand of every scholarship beneficiary, whether at the undergraduate or post-graduate level”, Otuaro said.
News
Okpebholo Declares Edo Business-friendly

Governor Monday Okpebholo of Edo State on Friday declared the state as Edo business-friendly environment and ready to welcome any investor to the state.
The governor spoke when he played host to members of the South – South Coalition of the Chambers of Commerce, Industry, Mines and Agriculture (COSSCIMA).
The governor, who received his guests through the Office of the Deputy Governor, Hon. Dennis Idahosa, said his administration has provided the enabling environment for investors to promote their businesses.
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The governor commended the COSSCIMA for deeming it fit to choose the stata as host to the annual general meeting of the body.
“It is not surprising that you pick the state as a choice because we have provided the enabling environment by investing in infrastructure and reducing insecurity to the barest minimum.
“So, we assured potential investors that the state is safe, secured for all to come and invest,” he stated.
Also speaking, Hon. Omoh Anabor, Commissioner for Business, Trade, and Investment, said that the state was ready to partner any firm.
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Earlier in his address, President of COSSCIMA, Hon. Indutimi komonibo said, “The Edo State Governor is doing a great job.
He, however, pointed out that nonetheless reiterated, “No government can succeed without partnering with the organized private sector.”
“We seek collaboration wherever we go. We carry the emblem of national development. Investors are looking for where their business will thrive. We understand the language of the business.”
He stated that COSSCIMA membership cut across the six Chambers of Commerce that make up the South-South states of the federation.
News
Oba Of Benin Suspends Priest, Reaffirms Appointment Of Okao

The Oba of Benin, Oba Ewuare the second, has suspended the traditional priest of Uniamen Village, Chief Sunday Sidney Enoma as the Ohen-Ovia of Unuamen for violating the custom and traditional of Benin.
The Monarch reaffirmed Chief Kingsley Igbinosa as the Okao (traditional head) of Unuamen Village, in Ovia North East local Government Area of Edo State.
In a statement by his Chief Press Secretary, Osaigbovo Iguobaro, the Oba described the claim by the suspended Ohen of Unuamen that he is the one who usually installs the Okao of the village as baseless, unfounded and abominable.
The Benin Monarch noted that all Chieftaincy titles in Benin kingdom are conferred by the Oba.
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