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
IFC lends 170 million rand to Lula to boost digital, unsecured SME lending 80% of funds will support micro and small enterprises Deal strengthens a...
Presco launches $164M rights issue to fund expansion, open until Dec. 2 Offer allows shareholders to buy 1 new share for every 6...
FEDA invests $300M in A2MP to boost Africa’s mineral processing capacity Funds target rare earths, bauxite, manganese for green tech and...
Hikma opens $17M pharmaceutical plant in Tunisia to boost exports and supply Facility to produce cardiovascular, diabetes, and antibiotic...
Most Read
01

The Bank expects a 41% rise in 2025 and a further 6% increase in 2026. Gold topped $4,00...

World Bank sees precious metal prices staying high until 2027
02

Social media users accuse the UAE of backing Sudan’s RSF militia. Activists and celebrities c...

UAE faces backlash over alleged role in Sudan’s gold and arms trade
03

Launch led by Maroc Telecom, Orange, and Inwi Rollout targets 25% coverage by end-2025 under Digi...

Morocco Launches 5G Nationwide Ahead of 2025 Africa Cup of Nations
04

DRC met Alibaba, Isoftstone to discuss adapting China’s e-commerce model Joint working group ...

DRC in Talks with Alibaba, Isoftstone to Develop a Chinese-Style E-Commerce Model
05

West African officials met in Lomé to improve municipal finances for crisis response Talks focuse...

West African Officials Draft Crisis-Proof Budget Strategy in Lomé
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.