Public Management

G7 commits $382 million to remedy food security in northeast Nigeria

G7 commits $382 million to remedy food security in northeast Nigeria
Friday, 09 July 2021 15:59

The G7 group, an inter-governmental political forum including Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, is committing $382 million to tackle the increasing food crisis and famine in the Northeast region of Nigeria.

This was disclosed on Thursday, July 8, 2021, in Abuja during a meeting held by Catriona Laing- the British High Commissioner to Nigeria- alongside stakeholders and the federal government to launch the G7 Famine Prevention and Humanitarian Compact.

“We are deeply concerned about the humanitarian situation in the North East where 8.7 million people need assistance, and 1.9 million people have been displaced because of the conflict, with another 300,000 having fled to neighboring countries,” said Catriona Laing. “The G7 has agreed to urgently provide an initial $7 billion in humanitarian assistance. This includes $382 million desperately needed in Nigeria’s North East,” she added.

According to a report by the United Nations, “One year after the declaration of the COVID-19 pandemic, the outlook for 2021 and beyond is grim. Conflict, pandemic-related restrictions fuelling economic hardship and the persistent threat of adverse weather conditions will likely continue driving food crises.” 

The G7 group’s Famine Prevention and Humanitarian Crisis Compact reported that 237 million people will be needing humanitarian assistance this year. Countries that are at immediate risk of famine - South Sudan, north-east Nigeria, and Yemen will be priorities. However, countries such as Tigray in Ethiopia, Burkina Faso and the Central Sahel, the Democratic Republic of the Congo, Sudan, Haiti, Afghanistan, and Syria are also a point of focus.

In this light, the G7, in addressing the financing gap, aims to provide an initial $.1.5 billion of humanitarian and related resilience-strengthening support to the three countries at risk of famine -$382 million to Nigeria, $341 million to South Sudan, and $800 million to Yemen. All three financings will be disbursed as soon as possible.

Closing the financing gab to tackle food insecurity is one aspect to be fixed. In this regard, the UN Secretary-General António Guterres, stated: “Conflict and hunger are mutually reinforcing. We need to tackle hunger and conflict together to solve either…We must do everything we can to end this vicious cycle.”

Solange Che

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Cameroon inflation averages 3.1% in year to January 2026 Food prices up 6.6%, but fall 1.9% in January IMF sees inflation easing to 2.9% in...
Study finds nearly 80% of respondents in both markets already hold stablecoins Users cite faster, cheaper payments as digital dollars gain traction...
Kenya raised $2.25B via dual-tranche Eurobonds to buy back 2028/2032 debt, luring investors with yields of 8.1% and 8.95% to smooth...
Standard Chartered Zambia raised its capital to 520 million kwachas (about $27.5 million) through a bonus share issue, without raising new...
Most Read
01

ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...

ECOWAS Eco Currency May Launch Without WAEMU in 2027 Push
02

South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...

Three Countries Drove 70% of Africa’s M&A Deal Value in 2025
03

Investigation targets alleged breaches of Nigeria’s 2023 data protection law Platform processes p...

Nigeria: Investigation on Chinese Owned Temu Regarding Privacy Breach Concerns for Local Users
04

Nigeria opened a formal investigation into Temu over alleged violations of its 2023 data protectio...

Nigeria Opens Data Privacy Probe Into Temu in Sovereignty Push
05

The main point of contention between Niamey and France’s Orano concerns the uranium stock extracted ...

Niger-France uranium dispute: How 156 tonnes became 156,000 in global reporting
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.