Russia-Ukraine war: Food prices’ll continue to rise in Nigeria 

PLACE YOUR ADVERT HERE

The Ukrainian President’s office, Andriy Yermak, said Nigeria and other African countries will continue to face the food crisis due to the Russian and Ukraine war.

Russia and Ukraine are among the top five global suppliers of wheat, he said the war has already affected the price of staple foods, especially bread in most African nations.

Yermak disclosed in an interview with Legit, he said, Yermak said, “The rise in food and energy prices translates to higher prices for all goods. This aspect directly touches the interests of the majority of the inhabitants of the African continent. You are well aware that a critical rise in prices is very likely to be followed by political instability, unrest, and even war.”

When asked how the war would affect the Nigerian economy and Africa

Yermak said, “Today, more than 90 million tons of grain are amassed in our storage facilities. Until recently, Ukraine was exporting over 50m tons of grain annually to different regions of the world. Over a quarter of this volume went to African countries.

“For example, Egypt heavily depends on food supplies from Ukraine and is the second buyer of Ukrainian grain after China.

“Ukraine, traditionally, has also been making large food deliveries to other countries of Africa, from Libya, Tunisia, and Morocco to Tanzania. Some of those grain deliveries from Ukraine have also been accepted by Cameroon, Uganda, Sudan, and a number of other countries.

He further said, “Even Nigeria, which in 2020 became the fourth largest wheat importer in the world, received part of this volume from Ukraine.”

PLACE YOUR ADVERT HERE
Queen Ferry
Queen Ferry
Chinyere Treasure Ikechukwu also known as Queen Ferry, is a Nigerian business Executive, social media savvy Journalist and Content Editor with over seven years experience. She serves as the Vice-Chairman of Naijatraffic Limited. If Treasure is not researching/blogging, she will be making delicious delicacy.

Popular Related

Sanwo-Olu to announce monthly sanitation, says commissioner

Babajide Sanwo-Olu, the Lagos State Governor, is expected to declare the commencement of monthly environmental sanitation programme in the state. Tokunbo Wahab, the Commissioner for...

NAF destroys 12 illegal refineries in Abia, Rivers

The Nigerian Air Force says the Air Components of Operation Delta Safe destroyed 12 illegal refining sites and two reservoirs in airstrikes in Abia...

Ex-minister, Mamman collapses in court as money laundering case begins

Saleh Mamman, a former Minister of Power, collapsed outside the courtroom on Thursday at a Federal High Court, Abuja. According to the News Agency of...

Ariwoola to swear in Wike’s wife, 33 new judges Wednesday

Olukayode Ariwoola, the Chief Justice of Nigeria (CJN), will swear in another 22 newly appointed judges of the Court of Appeal aside from the...

16 more state-owned schools approved for student loan

The Nigerian Education Loan Fund (NELFUND) on Thursday revealed that 16 more state-owned tertiary institutions have submitted their students’ data for the student loan...

US report highlight poor conditions in nigerian prisons

The United States has highlighted the significant challenge of overcrowding in Nigerian prisons. its ‘2023 Country Reports on Human Rights Practices: Nigeria,’ published on its...

APC govs blame hardship on global challenges

Hope Uzodimma, the Chairman of Progressive Governors’ Forum and Imo State Governor, blamed President Bola Ahmed Tinubu for the current economic hardship facing the...

US court denies Atiku’s request for FBI, CIA, to release Tinubu’s documents 

The United States District Court of Columbia has denied a request by former vice-president Atiku Abubakar’s attorneys to force the Central Intelligence Agency, CIA,...

LASG orders removal of shanties on canal setbacks

As part of efforts to stop further destruction of homes and property by flood, the Lagos State Task Force has served removal notices to...

Govt announces 90-day traffic diversion on Lagos bridge

The Lagos State Government says traffic will be diverted at the Odo Iya Alaro Bridge, which will commence on Monday, 22nd of July, 2024. The...