Connect with us

Headline

One Billion People On Brink Of Hunger Globally – World Bank

Published

on

Over one billion people are on the brink of hunger globally, a report in the newsletter of the World Bank has stated.

Majority of the affected people are in the low and middle income countries of Africa, Asia, Latin America and the Middle East.

Quoting the July 2023 edition of the Agricultural Market Information System (AMIS) Market Monitor, the bank noted that geopolitical tensions that threaten the Black Sea Grain Initiative, including the collapse of the Nova Kakhovka dam in Ukraine were some of the factors that contributed to food shortages being experienced in some parts of the globe.

Advertisement

It also cited the damage to the ammonia pipeline between Russia and Ukraine.

“The flooding and disruption of irrigaton, along with the demand to reopen the pipeline, are increasing tensions and could lead to termination of the agreement, ultimately reducing Black Sea exports and undermining Ukraine’s production incentives.

“On June 6, 2023, the catastrophic collapse of the Kakhovka dam in southeastern Ukraine resulted in extensive flooding, posing a threat to drinking water supplies and raising concerns for agricultural areas that rely on the reservoir for irrigation.

Advertisement

READ ALSO: Property Worth Millions Destroyed As Flood Ravages Houses, Farmhands In Ibadan

“The Kakhovka dam and reservoir are crucial for agriculture, providing water through major irrigation canals to more than 500,000 hectares of farmland.

“The reservoir irrigates vast croplands that produce grains, oilseeds, vegetables, and fruits. The dam’s collapse has caused significant flooding downstream, affecting more than 40,000 hectares of land and numerous towns and villages.

Advertisement

Although the flooded agricultural area is relatively small, disconnection of the irrigation canals upstream has led to water scarcity for summer and winter crops, with implications for Ukraine’s agricultural exports,” the report said.

The Bank also noted that domestic food price inflation remains high around the world. “Information from the latest month between February 2023 and May 2023 for which food price inflation data are available shows high inflation in most low- and middle-income countries, with inflation higher than 5% in in 61.1% of low-income countries, 79.1% of lower-middle-income countries, and 70% of upper-middle-income countries, with many experiencing double-digit inflation.

“In addition, 78.9% of high-income countries are experiencing high food price inflation. The most-affected countries are in Africa, North America, Latin America, South Asia, Europe, and Central Asia.

Advertisement

READ ALSO: World Bank Plans Additional $750m Grant To Support Nigeria Electrification Project

“In real terms, food price inflation exceeded overall inflation in 79.8% of the 163 countries where data is available.”

Listing some of the steps it has taken to ameliorate the situation, the World Bank said in April last year, it announced plans to make available $30 billion over a period of 15 months, including $12 billion in new projects to tackle food security crisis.

Advertisement

“The financing is to scale up short- and long-term responses along four themes to boost food and nutrition security, reduce risks, and strengthen food systems: (i) support producers and consumers, (ii) facilitate increased trade in food and trade inputs, (iii) support vulnerable households, and (iv) invest in sustainable food and nutrition security.

“The Bank has achieved its target of making $30 billion commitment for food and nutrition security response. Between April to December 2022, the Bank’s food and nutrition security commitments in new lending have passed the $12 billion mark – with almost half for Africa, which is one of the hardest hit regions by the food crisis.

“Some examples include: The $766 million West Africa Food Systems Resilience Program is working to increase preparedness against food insecurity and improve the resilience of food systems in West Africa.

Advertisement

“The program is increasing digital advisory services for agriculture and food crisis prevention and management, boosting adaption capacity of agriculture system actors, and investing in regional food market integration and trade to increase food security. An additional $345 million is currently under preparation for Senegal, Sierra Leone and Togo.

“A $150 million grant for the second phase of the Yemen Food Security Response and Resilience Project, which will help address food insecurity, strengthen resilience and protect livelihoods. $50 million grant of additional financing for Tajikistan to mitigate food and nutrition insecurity impacts on households and enhance the overall resilience of the agriculture sector.

“A $125 million project in Jordan aims to strengthen the development the agriculture sector by enhancing its climate resilience, increasing competitiveness and inclusion, and ensuring medium- to long-term food security.

Advertisement

“A $300 million project in Bolivia that will contribute to increasing food security, market access and the adoption of climate-smart agricultural practices.

“A $315 million loan to support Chad, Ghana and Sierra Leone to increase their preparedness against food insecurity and to improve the resilience of their food systems.

READ ALSO: World Bank Lists Challenges For Incoming FG, Drops Growth Rate Forecast

Advertisement

“A $500 million Emergency Food Security and Resilience Support Project to bolster Egypt’s efforts to ensure that poor and vulnerable households have uninterrupted access to bread, help strengthen the country’s resilience to food crises, and support to reforms that will help improve nutritional outcomes.

“A $130 million loan for Tunisia, seeking to lessen the impact of the Ukraine war by financing vital soft wheat imports and providing emergency support to cover barley imports for dairy production and seeds for smallholder farmers for the upcoming planting season.

“The $2.3 billion Food Systems Resilience Program for Eastern and Southern Africa, helps countries in Eastern and Southern Africa increase the resilience of the region’s food systems and ability to tackle growing food insecurity.

Advertisement

“The program will enhance inter-agency food crisis response also boost medium- and long-term efforts for resilient agricultural production, sustainable development of natural resources, expanded market access, and a greater focus on food systems resilience in policymaking.”

To prevent a worsening of the food and nutrition security crisis, the Bank said urgent actions are required to rescue hunger hotspots, facilitate trade, improve the functioning of markets, and enhance the role of the private sector, and reform and repurpose harmful subsidies with careful targeting and efficiency.
VANGUARD

Advertisement

Headline

EU Fines Elon Musk’s X €120m For Violating Digital Content Rules

Published

on

By

Elon Musk’s social media platform, X, has been hit with a €120 million ($140 million) fine by European Union tech regulators for violating multiple provisions of the EU’s Digital Services Act (DSA).

This marks the first significant penalty imposed under this landmark legislation.

On Friday, the European Commission announced the fine, citing various violations by X, including misleading platform features and a lack of transparency in research practices.

Advertisement

READ ALSO:Elon Musk Deletes Post Claiming Trump Was ‘In The Epstein Files’

Regulators pointed out that one of the violations involved the misleading design of the blue verification checkmark. This feature is now linked to subscription payments instead of identity validation, which the EU described as “deceptive and potentially harmful.”

The Commission also criticized X for not maintaining transparent advertising records and for restricting researchers’ access to publicly available data on the platform.

Advertisement

This ruling is likely to heighten diplomatic tensions between Brussels and Washington. U.S. officials from the Trump administration had previously condemned Europe’s regulatory approach toward major tech companies, claiming that EU policies unfairly target American firms and restrict free expression.

READ ALSO:Elon Musk Joins ‘Cancel Netflix’ Campaign

However, the European Commission defended its stance, stating that enforcement under the DSA is not influenced by nationality. They emphasized that the legislation is designed to promote online accountability, protect users, and ensure transparency in digital operations—standards that are increasingly becoming global benchmarks.

Advertisement

“The DSA does not discriminate by company origin,” the Commission argued, maintaining that the penalties reflect Europe’s commitment to protecting democratic values and responsible digital governance.

The fine marks a significant test case for the EU’s new regulatory regime and could set precedent for similar action against other platforms not in full compliance with the law.

Advertisement
Continue Reading

Headline

Nigerian Ringleader Of Nationwide Bank Fraud, Money Laundering Jailed In US, Says FBI

Published

on

By

The Federal Bureau of Investigation (FBI) has announced the sentencing of Nigerian national Oluwaseun Adekoya, the mastermind behind a sprawling bank fraud and money-laundering operation that targeted victims across the United States.

According to investigators, Adekoya, who operated under multiple aliases including “Ace G.,” “BRODA,” “Legendary,” “SANTA,” “SANTANA,” “Sammy LaBanco,” “Sean Maison,” and “Kiing_maison” led a sophisticated criminal network that stole and laundered more than $2 million by impersonating individuals nationwide.

The FBI said the long-running operation, internally code-named Operation Catch Me if You Can, relied on coordinated efforts across numerous law enforcement and banking agencies.

Advertisement

READ ALSO:

FBIAlbany headed the investigation, working with partners across the country to dismantle Adekoya’s organisation and secure justice for affected victims.

As part of the announcement, FBI Albany Special Agent in Charge Craig Tremaroli said, “Mr. Adekoya spent almost two decades of his life creating a massive criminal network that stole from hard-working Americans. This sentence ensures he’ll spend the next two decades of his life in federal prison.

Advertisement

“The FBI is grateful to the numerous law enforcement and banking institution partners who provided the assistance needed to take down Mr. Adekoya and his associates and ensure justice for the victims. We remain deeply committed to using every resource available to investigate and bring to justice any individual or organization focused on defrauding our citizens.”

READ ALSO:

Adekoya has now been sentenced to 20 years in federal prison.

Advertisement

According to the FBI, the case demonstrates its continued commitment to combating financial crimes and protecting Americans from fraud schemes that are growing in scale and sophistication.

Continue Reading

Headline

VIDEO: Nigerians In UK Lament Delayed Passport Capturing At ‘Crowded’ Birmingham Centre

Published

on

By

Nigerians in the United Kingdom (UK) have cried out to the Nigerian authorities over delays in renewing their international passports, describing the capturing experience as frustrating.

According to a video from the Nigerian Passport Intervention Centre in Birmingham, sighted by Tribune Online, hundreds of people are seen lurking around while waiting for officials to arrive for the exercise.

In the video, a lady narrated how the crowd had gathered since around 4am on Friday after their names had been taken down the previous day with the promise that the capturing would be done the next day.

Advertisement

They promised they’re going to start at 9am and at 12pm when I was leaving, they’ve not even started attending to people. We heard that the officials were not even at the scene,” she said.

READ ALSO:US Imposes Visa Restrictions On Nigerians Linked To Religious Freedom Violations

Continuing, the video showed the arrival of some of the officials, whom the lady said had asked the crowd to return the next day.

Advertisement

“While I was walking to my taxi, I saw some of the officials. I recognised them from yesterday when he addressed the people saying ‘Go and come back tomorrow’. The one driving that car was the one who was addressing us yesterday,” she added, referring to a vehicle in the viral clip.

The lady further criticised their attitude to the plight of Nigerians at the centre, saying many, including herself, came with babies.

“It’s so shameful that Nigeria will still happen to you even if you’re outside Nigeria. It’s the people, not only the government,” she added.

Advertisement

READ ALSO:Trump Unveils Fast-track Visas For World Cup Ticket Holders

Reacting to the video, another user simply identified as OduduAbasi Umo-Odiong, posted two short clips showing people agitated at the centre.

People are already getting agitated today. The frustration is rising and the situation is becoming tense,” he captioned.

Advertisement

However, an X user, identified as Williams Ibironke, disagreed with the information in the video, saying the officials work till midnight.

The information she posted was purposely made as content to miss direct people. those pple are working til midnight everyday, they closed @3am so how can they resume early again. I did mine @12:33am this morning and I still left people there, meaning they may not close until 2am,” he posted.

READ ALSO:Trump Orders Tougher Visa Screening Regime

Advertisement

Other X users reacting to the video called on the Minister of Interior, Olubunmi Tunji-Ojo, to act swiftly on the issue, wondering how the positive reform he introduced is addressing the issue.

“Someone has fingered a working system to their benefit. Just a few weeks ago, you can start and finish your passport renewal process on your mobile phone without leaving your home.

“What happened to that positive change?,” a user asked.

Advertisement

All possible efforts to get Nigerian authorities’ reaction to the issue proved abortive as of the time of filing this report as neither the Minister nor the Interior Ministry responded to messages sent to them.

Watch video here

Source: Nigerian Tribune

Advertisement
Continue Reading

Trending

Exit mobile version