Business

FAO: 9.8 million people in FCT, 16 northern states battling hunger

Published

4 years ago

November 6, 2020

An agency of the United Nations, Food and Agriculture Organisation says at least 9. 8 million people living in 15 northern Nigerian states and the Federal Capital Territory (FCT) are suffering from food insecurity.

It said the findings were the outcome of a food analysis made available on Thursday.

It specifically stated that Abuja, Borno, Adamawa, Yobe, Benue, Gombe, Taraba, Katsina, Jigawa states were struggling with food insecurity and malnutrition.

Others are “Kano, Bauchi, Plateau, Kaduna, Kebbi, Sokoto, Niger and the FCT,” it stated.

Speaking at the presentation of the analysis, the FAO Representative in Nigeria and the ECOWAS, Fred Kafeero, said the results of the analysis had exposed the need for urgent intervention by the government.

“The presentation of the results of the October/November 2020 Cadre Harmonise (CH) analysis for the 16 states and the Federal Capital Territory of Nigeria is such an important stage in determining our next actions and effective response In ensuring food security and nutrition in the country.

“The Cadre Harmonlse or CH (as is popularly called) is a regional framework for the consensual analysis of acute food and nutrition insecurity situations across West African countries through these framework areas of risk of mal-and undernourishment and the food insecure populations are identified.”

He said, “The exercise, which has now been adopted by the Nigeria Food Security stakeholders since 2015 aims at applying the outcome of the analysis in preventing food crisis by identifying the areas affected and the populations as well as proffering appropriate measures towards improved food and nutrition security and livelihoods.

“Distinguished guests, ladies and gentlemen, I am pleased to inform you that the CH analysis results in Nigeria have become the major yardstick for estimating the areas and population of vulnerable people in need of humanitarian assistance as presented in the annual Humanitarian Needs Overviews (HNOs) and the Humanitarian Response Plans (HRPs) especially in the three BAY states of NE.

“This October/November 2020 CH analysis happens to be different from the previous years, as it took Into consideration the unprecedented impact of the COVID -19 pandemic on the various outcomes of FNS and the inference of the various FNS contributing factors.

“Despite the relaxation of the COVlD-19 lockdown measures, several households are still currently experiencing difficulties in accessing their basic food and nonfood needs due to disrupted livelihoods. This has resulted in reduced HHs opportunities for income and food and nutrition security.”

The result of the analysis also projects that 13.9 million people may suffer from food insecurity from the affected states in 2021.

Kafeero explained further that “in this context, FAO and partners have adapted their programme to respond to the Increased need. For the 2020 rainy season In NE, FAO reached 63,300 HH with quality seeds and fertilizers distribution.

“Another 12,000 HH have been reached with livestock support. We are planning to reach about 19,000 HH for the upcoming dry season in collaboration with the FMARD, WFP and IFAD.

“The exercise, which has now been adopted by the Nigeria Food Security stakeholders since 2015 aims at applying the outcome of the analysis in preventing food crisis by identifying the areas affected and the populations as well as proffering appropriate measures towards improved food and nutrition security and livelihoods.”

Business

Top 5 crypto apps that work with Nigerian Bank accounts

Published

10 hours ago

November 12, 2024

Trends Admin

Top 5 crypto apps that work with Nigerian Bank accounts

Nigeria is the number one country by crypto adoption in Africa and the second largest in the world.

Cryptocurrency is a revolutionary idea in the country and resonates well with the country’s large demographic of young people.

Despite mixed signals from the Nigerian authorities as regards crypto regulation, the sector is still thriving in the country and cryptocurrency is fast becoming an everyday means of transaction.

Earlier this year, Nigerian authorities led a crackdown on crypto entities accusing them of currency manipulation and other unregulated activities.

The highlight of the era was the prolonged dispute between Nigerian authorities and Binance Limited which led to the detention of a Binance executive for 7 months.

The crackdown led to an investor flight in the crypto space with Binance closing down its Peer to Peer feature and Kucoin and OKX pulling out of the Nigerian market.

The investor flight led to a shortage of crypto apps that the Nigerian crypto community can use for their day-to-day transactions.

Despite the vacuum, some crypto apps and resources are filling in the gap in the market while ensuring a smooth experience for Nigerian traders and crypto enthusiasts.

Some of these apps work with Nigerian banks making their services more tailored and relative to the Nigerian end user.

Yellow Card

Yellow Card is a pan-African crypto exchange that allows users to buy, sell, and Trade cryptocurrencies. The crypto exchange supports Nigerian Banks in its services and users can sell their crypto assets and withdraw them in Naira into the Nigerian banks.

The exchange has an instant transfer feature where sold cryptocurrencies can be sent to your Nigerian bank account directly. This makes for convenient use amongst Nigerian and African users.

Quidax 

Quidax is another cryptocurrency exchange that supports Nigerian bank accounts. The exchange allows users to buy cryptocurrencies with Nigerian bank accounts.

This process occurs via Bank transfers or a Quidax Bank Account number which is usually the User’s bank account number.

Quidax is one of the two crypto exchanges to receive a full license from the Nigerian Securities and Exchange Commission under Emomotimi Agama.

Busha 

Busha is a cryptocurrency exchange platform that allows users to buy and sell cryptocurrencies with the naira. The Indigenous crypto exchange supports Nigerian bank accounts for payouts.

Busha Users can make deposits to Merchant’s Nigerian Bank accounts through their Naira wallet on the platform.

Busha is the second of the two crypto exchanges to receive a full license from the Nigerian SEC.

Local Traders 

Local Traders is a P2P crypto exchange platform gaining some popularity in the Nigerian crypto space. The platform offers over 750 payment options including traditional Nigerian bank accounts.

Nigerians using the platform for P2P transactions can send money directly to their Nigerian Bank accounts through Bank transfer and Paystack.

The P2P sector in Nigeria took a hit following the discontinuation of Binance Naira P2P. platforms like local traders are filling the void.

Koyn 

Koyn is a crypto app that facilitates the sale of major cryptocurrencies like Bitcoin, Litecoin, Ethereum, and Tether. The app is gaining ground in the Nigerian crypto market due to its ease of use.

The crypto app supports Nigerian bank accounts and readily converts crypto naira which can be easily withdrawn to Nigerian bank accounts.

The app has a dedicated rate calculator which varies according to the given market price for the day.

Koyn is patronized mostly by Nigerians who don’t want to go through the hassle of direct P2P.

The crypto industry in Nigeria is still lagging in much-needed infrastructure to meet up with the demand in the Nigerian market. This is partly due to an unclear regulatory framework from relevant Nigerian authorities for investors and crypto end users in the country.

The issuing of Full licenses to Busha and Quidax marks a significant step forward in the Nigerian crypto space as regards regulation and its role in creating an enabling environment for growth.

Top 5 crypto apps that work with Nigerian Bank accounts

Railway

Nigerian railway adds extra train to Friday, Saturday trips on Lagos-Ibadan route

Published

10 hours ago

November 12, 2024

Trends Admin

Nigerian railway adds extra train to Friday, Saturday trips on Lagos-Ibadan route

The Nigerian Railway Corporation (NRC) has announced the introduction of additional train trips on its Lagos-Ibadan Train Service (LITS) route, exclusively for Fridays and Saturdays.

This initiative increases weekend trips from two to three, offering commuters greater travel flexibility.

The announcement, made via the NRC’s official X (formerly Twitter) handle on Tuesday, revealed that the new Lagos-to-Ibadan trip will depart at 1:40 pm, complementing the existing schedules of 7:45 am and 4:00 pm.

For the Ibadan-to-Lagos route, the additional trip is set for 10:50 am, joining the regular departures at 8:00 am and 4:30 pm.

Nigerian railway adds extra train to Friday, Saturday trips on Lagos-Ibadan route

Business

NNPCL to deliver 12 CNG stations, LNG mini plants

Published

18 hours ago

November 12, 2024

Trends Admin

NNPCL to deliver 12 CNG stations, LNG mini plants

Mele Kyari, Group Chief Executive Officer (GCEO) of Nigerian National Petroleum Corporation (NNPC Ltd), has stated that the company has finalised plans to deliver 12 Compressed Natural Gas (CNG) Mother Stations and Mini LNG Plants as part of efforts to increase the existing 1.6 billion cubic feet of gas supply for the domestic market.

In a statement issued on Monday, the NNPCL’s Chief Corporate Communications Officer (CCCO), Olufemi Soneye, quoted Kyari as saying this at the opening ceremony of the 42nd Nigeria Association of Petroleum Explorationists (NAPE) Annual International Conference and Exhibition, themed “Resolving the Nigeria Energy Trilemma: Energy Security, Sustainable Growth, and Affordability,” held in Lagos.

He said, “The energy trilemma is a profound responsibility we shoulder as stewards of Nigeria’s energy future. NNPC Ltd is working tirelessly to improve our supply chain, develop new refining capacities and expand our retail network.”