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Politics › Re: Economic Boom: Senate Tours Dangote Refinery And Key Projects In Lagos by NwaNimo1(m): 9:31pm On Jun 09, 2024
Crime › Re: Fire Destroys Soap Factory In Anambra by NwaNimo1(m): 9:29pm On Jun 09, 2024
Crime › Re: NDLEA Intercepts Codeine Shipment From India, US, UK Opioids In Ladies’ Hair by NwaNimo1(m): 9:27pm On Jun 09, 2024
Foreign Affairs › Re: Isreal Added To The UN Blacklist -CNN by NwaNimo1(m): 9:00pm On Jun 09, 2024
Politics › Re: Minimum Wage: Cut Your Salaries To Pay Us - Civil Servants To Governors by NwaNimo1(m): 3:35pm On Jun 09, 2024
Politics › One In Three Children In Nigeria Experiencing Severe Food Poverty: UNICEF by NwaNimo1(op): 7:20pm On Jun 07, 2024
The United Nations Children’s Fund (UNICEF) says Nigeria has demonstrated a steady decline in the proportion of children facing severe food poverty, from 45 per cent in 2012 to 32 per cent in 2022.

The fund said this in a statement it issued on Friday in Abuja, adding that it is contained in the “Child Food Poverty: Nutrition Deprivation in Early Childhood Report” published on Friday.

The report also said that about 11 million children, or one in every three children under five years of age, in Nigeria are presently experiencing severe child food poverty.

It said the situation could make the children up to 50 per cent more likely to experience wasting, a life-threatening form of malnutrition.

“For the first time, the ‘Child Food Poverty: Nutrition Deprivation in Early Childhood Report’ analyses the impacts and causes of dietary deprivation among the world’s youngest and most vulnerable, that is, children under five years of age, in nearly 100 countries and across income groups.

“Globally, 181 million children under the age of five who consume, at most, two of eight defined food groups are considered to be in severe child food poverty and unable to sustain optimal growth and development in early childhood and beyond.

“Nigeria ranks among the 20 countries that account for almost two-thirds (65 per cent) of the 181 million children living in severe child food poverty,” the UN agency said.

The report also said that globally, four out of five children experiencing child food poverty are fed only breastmilk, milk, and/or a starchy staple, such as rice, maize, or wheat.

Also, less than 10 per cent of these children are fed fruits and vegetables, and even fewer, less than five per cent, are fed nutrient-dense foods such as eggs, fish, poultry, or meat.

The report, however, warns that while countries are still recovering from the socioeconomic impacts of the COVID-19 pandemic, the effects of growing inequities, conflicts, and the climate crisis have pushed food prices and the cost of living to record-high levels.

“A recently published report by the government and partners titled ‘Cadre Harmonisé’ estimates that nearly 32 million people across 26 states of Nigeria are food insecure during this year’s lean season between June and August.

“Globally and in Nigeria, several factors are fueling the child food poverty crisis, including food systems that fail to provide children with nutritious, safe, and accessible options.

“Others are families’ inability to afford nutritious foods and parents’ inability to adopt and sustain positive child feeding practices.”

It added that cheap, nutrient-poor, and unhealthy ultra-processed foods and sugar-sweetened beverages are aggressively marketed to parents and families and are the new normal for feeding children.

“These unhealthy foods and beverages are consumed by an alarming proportion of young children experiencing food poverty, displacing more nutritious and healthier foods from their daily diets.

“The report shows that in Nigeria, the number of children facing serious hunger is much higher in the poorest families (44 per cent) compared to the richest families (17 per cent).

“However, much more needs to be done to ensure that every child has access to and consumes a diverse diet,” the statement said.

To end child food poverty, UNICEF called on governments, development and humanitarian organisations, donors, civil society, and the food and beverage industry to urgently transform food systems.

It added that nutritious, diverse, and healthy foods were the most accessible, affordable, and desirable option for carers to feed young children.

“Leverage health systems to deliver essential nutrition services to prevent and treat malnutrition in early childhood, including support for community health and nutrition workers to counsel parents and families on child feeding and care practices.

“Activate social protection systems to address income poverty through social transfers (cash, food, and vouchers) in ways that are responsive to the food and nutrition needs of vulnerable children and their families,” it said.

(NAN)

https://gazettengr.com/one-in-three-children-in-nigeria-experiencing-severe-food-poverty-unicef/
Travel › Re: Azman Air Hostesses Dressed In Hijab (Photos) by NwaNimo1(m): 7:15pm On Jun 07, 2024
Education › Re: Brickhall School: Autopsy Report Confirms Miguel Ovoke Died From Choking On Meat by NwaNimo1(m): 7:12pm On Jun 07, 2024
Politics › Re: Kashim Shettim Commissions Vice President's Residence (Photos) by NwaNimo1(m): 5:30pm On Jun 07, 2024
Celebrities › Re: Nick Cannon Insures Testicles For $10m, After 12 Children From 6 Women by NwaNimo1(m): 5:12pm On Jun 07, 2024
Politics › Re: Tinubu Spent First Year Analyzing Buhari Failures- Bode George by NwaNimo1(m):
Sports › Re: I Nearly Pulled My Gun' Odartey After DNA Test Proved He Wasn’t Father Of 3 Kids by NwaNimo1(m): 10:56am On Jun 07, 2024
Foreign Affairs › Re: Netanyahu To Address US Congress On 24 July by NwaNimo1(m): 8:26am On Jun 07, 2024
Business › Re: Yobe Microfinance Bank Launches Ram Loans Scheme For Sallah Celebrations by NwaNimo1(m): 11:31pm On Jun 06, 2024
Politics › Re: Naira Crash: Nigeria Secures Fresh $925 Million Loan by NwaNimo1(op): 10:55pm On Jun 06, 2024
Politics › Re: N5.4tr Fuel Subsidy: APC Govt Cesspit Of Corruption, Deceit, Says PDP by NwaNimo1(m): 10:50pm On Jun 06, 2024
Crime › Re: Tension In Calabar Market As Rate Collectors Reportedly Kill Iron Excavator by NwaNimo1(m): 10:49pm On Jun 06, 2024
Politics › Naira Crash: Nigeria Secures Fresh $925 Million Loan by NwaNimo1(op): 10:46pm On Jun 06, 2024
Nigeria has secured an additional $925 million loan from the African Export-Import Bank (Afreximbank) to help stabilize the country’s economy. shocked

In a statement on its website on Thursday, Afreximbank announced an additional disbursement of $925m under the syndicated $3.3bn crude oil-backed prepayment facility sponsored by the Nigerian National Petroleum Company Limited.

Its latest accordion disbursement for Project Gazelle Funding Limited brings the total current funded facility size to $3.175bn.

Arranged and coordinated by Afreximbank, the accordion arrangement saw the raising of a combined total of $925m from a consortium of crude oil off-taker lenders including but not limited to the Oando Group and Sahara Energy Resource Limited.

“Afreximbank acted as Mandated Lead Arranger, Technical and Modelling Bank, Bookrunner, Facility Agent, Offshore Account Bank, Intercreditor Agent and Collateral Agent for the transaction which is expected to provide further support for Nigeria’s macroeconomic stability and long-term economic growth while enhancing the country’s industrialisation and trade development efforts,” the bank stated.

This follows the success of the first accordion tranche of the $3.3bn facility.

In December 2023, the project received funded commitments totaling $2.25m.

The $925m accordion arrangement raises the total amount disbursed to $3.175bn.

Commenting on the disbursement, President and Chairman of the Board of Directors of Afreximbank, Prof Benedict Oramah, said, “The milestone achieved thus far on this facility demonstrates the bank’s capabilities in performing its role as a crucial development partner for Africa.

“It reaffirms our commitment to assisting our member states in their efforts to achieve economic growth and stability. This funding will greatly support the attainment of Nigeria’s short and long-term economic development priorities.”

Oramah described the original facility as ‘a landmark’ for being the largest crude oil-backed facility in Nigeria and one of the largest syndicated debts raised in Africa.

He said the closure of the first accordion demonstrated the existence of positive market appetite for well structured commodities-backed instruments.

The Group Chief Executive Officer, NNPC Limited, Mele Kyari, commended Afreximbank management and team for their investment philosophy and active interest in co-creation of prosperity.

“The successful disbursement of the first accordion under project Gazelle and its interest in funding viable and strategic projects is a clear indication of investors’ confidence in NNPC and Nigeria’s growth aspirations,” Kyari stated.

He further assured Afreximbank and all investing communities of NNPC’s resolve to continue to grow the nation’s hydrocarbon resources and strengthen its partnerships across the oil and gas value chain locally, and globally.

On August 17, 2023, the NNPCL announced that it had secured a $3.3bn emergency crude oil repayment loan from the Afreximbank.

It explained that the loan would be used by the oil company to support the Federal Government in stabilising Nigeria’s exchange rate.
https://politicsnigeria.com/naira-crash-nigeria-secures-fresh-925-million-loan/

Foreign Affairs › Re: Spain To Join South Africa’s Genocide Case Against Israel by NwaNimo1(m): 6:21pm On Jun 06, 2024
Politics › Re: El-Rufai Replies Kaduna Lawmakers Over Corruption Allegation by NwaNimo1(m): 11:51pm On Jun 05, 2024
Politics › Re: Kaduna Assembly Seeks El-Rufai's Probe Over Alleged ₦423 Billion Fraud by NwaNimo1(m): 10:31pm On Jun 05, 2024
Politics › Re: Senate Approves 300% Pay Rise For CJN, Other Judicial Officers by NwaNimo1(m):
Sports › Re: Nigeria Vs Benin Republic: 2026 World Cup Qualifier - 1 - 2 (Full Time) by NwaNimo1(m): 7:52am On Jun 05, 2024
Foreign Affairs › Re: US Congress Passes Bill To Sanction ICC As It Seeks Arrest Warrant For Netanyahu by NwaNimo1(m): 7:50am On Jun 05, 2024
ICC should issue an arrest warrant for Biden.......its American bombs being used in the massacre.

https://storage.ko-fi.com/cdn/useruploads/display/e7c9062a-8179-47e7-9e7e-5370e938f1b1_21.gif
Politics › Re: Labour Vows To Reject Meagre Addition To ₦60,000 As Minimum Wage by NwaNimo1(m): 9:05pm On Jun 04, 2024
Politics › Re: Soludo Appoints Bianca Ojukwu As Member Of COOU Governing Council by NwaNimo1(m):
Politics › Re: EMT Emergency Taskforce (EET). by NwaNimo1(m): 5:33pm On Jun 04, 2024
The economic stabilisation plan was developed by the EMT Emergency Taskforce (EET).

https://storage.ko-fi.com/cdn/useruploads/display/07f20ab2-91e8-40a0-87ae-bf42afd4bb2b_19.gif

.....Emergency Taskforce = ET?
Politics › Re: Heritage Bank: CBN Should Not Destabilize The Country's Financial System —Obi by NwaNimo1(m): 10:38pm On Jun 03, 2024
Too late.....they will now be bank runs; people withdrawing cash in droves

https://storage.ko-fi.com/cdn/useruploads/display/b3ddaa36-20a9-4928-b976-b9842214fef9_17.gif
Politics › Re: New Minimum Wage: What Is The Fate Of Private Workers? by NwaNimo1(m): 10:36pm On Jun 03, 2024
You don't see private businesses crashing up and down because of low patronage?

the more public sector employee's earn, the more is spent in the private sector securing jobs and then wage rises!


https://storage.ko-fi.com/cdn/useruploads/display/b3ddaa36-20a9-4928-b976-b9842214fef9_17.gif

Its called the trickle down effect.....
Crime › Re: Court Sentence Woman To Death For Murdering Ex-Husband In Kebbi by NwaNimo1(m): 9:55pm On Jun 03, 2024
Politics › Re: Many Of Them Are Labour Party Supporters’ – Presidency Reacts To NLC, TUC. by NwaNimo1(m): 9:30pm On Jun 03, 2024
Politics › Re: UK Issues Warning To British Citizens Over Nationwide Strike In Nigeria by NwaNimo1(op): 8:37pm On Jun 03, 2024

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