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Russian/Ukraine War: ActionAid Calls on FG to Roll Out Social Protection Measures to Mitigate Economic Crunch

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Russian/Ukraine War: ActionAid Calls on FG to Roll Out Social Protection Measures to Mitigate Economic Crunch

Russian/Ukraine War: ActionAid Calls on FG to Roll Out Social Protection Measures to Mitigate Economic Crunch

By: Michael Mike

ActionAid has lamented the rising cost of living in Nigeria and across the world as a result of the ongoing war between Ukraine and Russia, therefore calling on Nigerian government to immediately roll out social protection measures to mitigate the effects on Nigerians

A statement on Friday said: “The cost of food, fuel, and fertiliser in some of the world’s poorest communities is soaring, with families spending double, triple, and nearly four times what they were paying before Russia invaded Ukraine, a new analysis by ActionAid finds.”

The statement added that while the average cost of wheat products like pasta has increased by more than 50% in local markets and communities in the 13 countries surveyed, families in Lebanon, which is heavily dependent on imports from Ukraine and Russia, are spending as much as 275% more than they were at the end of February.

The statement read: “In the Horn of Africa, where 20 million people are already facing severe hunger due to prolonged drought, communities in Somaliland are now spending more than double (163%) as much on a loaf of bread. Average prices for cooking oil have increased by over 60%, but in some areas of Somaliland, costs are up by as much as 260%.

“In Nigeria, findings show that the prices of wheat bread have increased up to 59 % in Sanrab semi-urban community in Kwara state. In Yobe state urban community of Nasarawa, the prices of wheat bread have increased up to 67 %. In Lagos, the price increase has been up to 127%. In rural areas of Kaduna, fertiliser prices have increased up to 111 %. At the same time, few areas of Lagos have witnessed up to a 111 % increase in sunflower cooking oil.”

Also Read: Deputy Commander of Ukraine’s Navy killed in action –…

The statement while noting that the UN Food and Agriculture Organisation (FAO) is releasing its latest global food price index, which found that world food commodity prices reached their highest levels last month, said ActionAid’s analysis finds that, at the local community level, food and fuel price hikes are far outstripping already record-breaking rises globally*, suggesting the Ukraine war has exacerbated ongoing food and fuel price challenges in communities most impacted by the climate crisis, humanitarian emergencies, and political and economic turmoil. 

The survey of market traders and community members in 13 countries across Africa, Asia, Latin America and the Middle East found that the cost of essentials has increased with fertilizer up by an average of 83% (rising by up to 196% in the Elfeta area of Ethiopia), cooking oil up by an average of 64% (rising by up to 260% in the villages of Googeysa and Xidhinta in Somaliland); petrol up by an average of 63% (rising by up to 253% in the Myaing area of Magway District, Myanmar, cooking gas up by an average of 60% (rising by up to 175% in one area of Zimbabwe); pasta up by an average of 53% (rising by up to 275% in the Baalbek area of Bekaa district, Lebanon) and bread up by an average of 48% (rising by up to 163% in villages of Ceel-Giniseed and Teysa, Somaliland).

ActionAid International’s global climate justice lead, Teresa Anderson, said: “The conflict in Ukraine has created a perfect storm of skyrocketing prices for food, fuel and fertiliser, disproportionately affecting local communities who barely have any belt left to tighten.

“Our survey found that prices are now double, triple or almost four times as much as before the war started in some places.

“The world is now on track for a global food crisis that looks far more deadly, devastating, and prolonged than 2007-08. Governments and international institutions must take urgent action to avert catastrophic hunger on an unprecedented scale.”

According to the statement, just over two months from the start of Russia’s invasion of Ukraine, families in existing hunger hotspots worldwide are already feeling the burden of skyrocketing prices.

Mothers are reported to having have to take their children out of school to afford to buy food and shared their heartache at only being able to provide one meal a day for their families. In Somaliland, one woman spoke of giving her children black tea to stave off hunger pangs.

Other people said they have become sick from drinking unclean water from ponds, and many families are incurring debt to cover essential expenses such as medical costs, seeds and fertiliser. 

As well as the soaring cost of wheat products and cooking oil, the cost of fuel and fertilisers is also rising at an alarming rate.

ActionAid’s survey shows the cost of petrol and cooking gas has gone up by around 60% on average. However, one community in Myanmar reports that the price of petrol has soared by 253%, and families in Zimbabwe report petrol increases as high as 227% and cooking gas increases by 175%.

Chemical fertilisers, a key component of industrialised farming systems, require large amounts of fossil fuels for their production. The survey shows that the average fertiliser price has increased by more than 80%. However, prices have gone up by as much as 196% in one district of Ethiopia. With the planting season about to begin or already underway in many parts of the world, crop yields and farming incomes will be hit hard in 2022. 

Country Director of ActionAid Nigeria, Ene Obi, in her reaction, said: “The Ukraine-Russia war has worsened the cost of living in many parts of the world, but the gaps in governance and lack of social safety-net have thrown more Nigerians into the abyss of poverty. The current hyper-inflation has made the meagre income of many Nigerians insignificant; for a government committed to lifting 100million Nigerian out of poverty, there is a need for reflection and immediate action.

Rising public debt, unemployment, inflation, and high cost of living require the immediate embracing of fiscal federalism in absolute terms. This will enable the country to break the vicious cycle of poverty. It will eliminate the wholesale dependence on oil, making Nigeria a monolithic economy. Adopting fiscal federalism principles will be a practical approach to solving the challenges governments at all levels face today, such as the generation and equitable distribution of income, efficient and effective allocation of resources, and economic stability. Revenue drive and allocation of resources can be done effectively by states and local governments with strong measures to curtail graft and corruption”.

ActionAid therefore called for the immediate roll-out of social protection measures, which target women and girls, including cash transfers and food support, to assist families most at risk.

The statement further read that: “Governments must rapidly train farmers on agroecological approaches to avert dramatic global yield losses from a worldwide lack of fertilisers later this year to avert dramatic global yield losses. Agroecology means adopting farming practices that work with nature, such as using local manure to build soil fertility and reduce reliance on chemical fertilisers. “In the longer term, governments dependent on food imports must also invest in national and regional food reserves to act as buffers and reduce countries’ vulnerability to food shortages and price rises. The global fallout from the Ukraine crisis shows why a just transition to renewable energy and agroecological farming practices is more urgent than ever to address climate change and protect communities from shocks to world food and energy markets.”

Russian/Ukraine War: ActionAid Calls on FG to Roll Out Social Protection Measures to Mitigate Economic Crunch

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UK Reaffirms Commitment Towards Economic Growth, Sustainable Development Across Nigeria

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UK Reaffirms Commitment Towards Economic Growth, Sustainable Development Across Nigeria

By: Michael Mike

The United Kingdom has reaffirmed its commitment to supporting inclusive economic growth and sustainable development across Nigeria as the country
navigates rising energy costs and the growing urgency of the climate crisis,

The British Deputy High Commissioner, Mr. Jonny Baxter made the commitment on Wednesday at his residence in Lagos in a statement at the second edition of W.O.M.A.N by Alitheia, a high-level forum for Women in Manufacturing, Agribusiness, and Nutrition and key stakeholders, hosted by Alitheia Capital, a pioneer in gender-lens impact investing private equity firm, in collaboration with Manufacturing Africa, a UK government programme focused on attracting Foreign Direct Investment into the manufacturing sector.

Themed “Scaling Sustainable Manufacturing & Energy Transition for Women-led SMEs in Africa,” this year’s edition brought together a dynamic mix of industry leaders, women entrepreneurs, investors, policymakers, and energy solution providers to explore the pivotal role of women-led businesses in Africa’s sustainable industrial transformation.

The discussions, according to a statement by the British High Commission in Nigeria. addressed the acute pressures SMEs face amid surging fuel prices and electricity tariffs – conditions that have made sustainable energy adoption both an environmental and economic imperative. Insights from Alitheia’s own portfolio reveals that adopting renewable energy can cut operational costs by as much as 60%, underscoring the financial viability of clean energy for scaling women-led businesses.

Participants examined practical pathways for women entrepreneurs to access clean energy solutions, scale sustainable manufacturing practices, and contribute meaningfully to Africa’s green economy.

In his remarks, the British Deputy High Commissioner in Lagos, Mr. Jonny Baxter stated: “We are proud to collaborate with Alitheia Capital on W.O.M.A.N. (Women in Manufacturing, Agribusiness, and Nutrition) to drive Africa’s green industrial future. We recognise the indispensable role of women in this transition and are committed to expanding access to capital and capability to ensure sustainable growth. This event reflects our shared vision for inclusive and transformative development, and we are committed to supporting this journey through targeted investments and strategic private partnerships.”

Also speaking, Co-Founder and Managing Partner at Alitheia Capital, Tokunboh Ishmael said: “We are no longer just talking about sustainability as a nice-to-have. It’s an economic imperative, especially for women entrepreneurs at the heart of Nigeria’s industrial transformation and through W.O.M.A.N by Alitheia, we’re not only spotlighting solutions—we’re scaling them. In our own portfolio, we’ve seen up to a 60% reduction in energy costs among businesses that have adopted clean energy. This is proof that green transition is not only possible but profitable.”

The event also featured keynote addresses and panel discussions with industry leaders including Yemisi Iranloye (CEO, Psaltry), Affiong Williams (CEO, ReelFruit), Temilola Adepetun (Managing Director, SKLD), James Fabola (CFO, Arnergy Solar), Bukola Badmos (Executive Director & CFO, Starsight Energy), and Sarah Ogbewey, (Head, Strategic Partnerships, Renewable Energy & Mobility, Sterling Bank).

Alitheia Capital also launched Nzinga, its SME capacity-building platform designed to equip entrepreneurs with tools for scaling their businesses sustainably. In parallel, Manufacturing Africa unveiled its Green Business Building (GBB) accelerator, which will drive the growth of green businesses through strategic support on core business problems, leading to the development of an ecosystem for green manufacturing and green jobs in Nigeria.

The day closed with an ESG knowledge session, exhibitions from green energy and manufacturing solution providers, and a resounding call to action: expand access to capital, strengthen ecosystems, and enable policy that supports inclusive green industrialization.

UK Reaffirms Commitment Towards Economic Growth, Sustainable Development Across Nigeria

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French Government Calls for Collaboration to Protect Oceans for Plastic Threat

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French Government Calls for Collaboration to Protect Oceans for Plastic Threat

By: Michael Mike

The French government wants Nigeria, the rest of Africa and the global community to mobilise resources, policies and collaboration to protect the oceans from the dangers of plastic waste.

The French Deputy Ambassador to Nigeria,
Jean-François Hasperue, made the call on Wednesday in Abuja during a plastic waste awareness programme at the French Institute.

Hasperue said the call for a united front to tackle the challenge became necessary because plastic waste has become one of the most pressing environmental crises facing the globe, with oceans bearing the brunt of the escalating threat.

The envoy explained that from floating debris to microplastics embedded in marine organisms, the evidence of damage on the oceans has been overwhelming.

He said: ‘’Our panellists were explaining that the microplastics that are eaten by fish in the lagoon of Lagos might be eaten by people in Asia because fish have been taken by foreign boats and sold everywhere in the world. So yes, it’s a global issue that we need to address. And there is one specific issue, of course, we decided to address within the UN conference in Nice, is the one of biodiversity beyond national jurisdictions.

“Because it has been for too many years, a gap in which we have not been able to raise cooperation among countries to save these biggest parts of the oceans. And I expect that we will announce that we have reached the 60 signatories for ratification by the end of this week. So the BBNG will be able to be implemented starting the 1st of January 2026.”

According to Mr Hasperue, the French government is raising awareness in Nigeria particularly in Nigerian universities as part of global strategy to build capacity of students and also to rally support for empowering global local communities.

He said: “We are part of a global strategy of France, because of course we would like to act at different level. We act first globally, and that’s why we decided to welcome the UN Conference on Ocean, which is actually happening in Nice from the June 9th to the 13th this very week. And that’s why in the wake of this global conference, we wanted here in Nigeria and in Abuja to organise at our level a debate, but not only a debate here, but activities all over the month of June.

“And we had not less than 11 activities happening in six different states in Nigeria, first of all to raise awareness in Nigeria, but also to rally support for empowering global local communities.”

Hasperue underscored the importance of the UN Ocean Conference to addressing the dangers of plastic waste on oceans, noting that awareness creation remains very critical to ending the menace.

He added that: “We have to take into consideration that plastic, although it has been a solution at some point of history, that it has been now so massive, so huge, that it has become a problem. So now we have to better think how to better produce plastic, how to make sure that plastic is better recycled, and how we make sure that it will less affect all life all over the world.
They are part of a global strategy by France to not only act at the global level, but also at the level of the communities. So we have a double approach, top down, but also a bottom up, to make sure that we create the link between what we are doing on the global stage to raise awareness, but that it has a translation down to the local communities. In every country we are working with the governments and civil society organisations.”

The Deputy French Ambassor to Nigeria stressed that the French government is helping Nigerian universities with recycling plastic and micro plants as well as funding of projects in the universities.

He said: “We have a fund of 750,000, 100,000 euros now, which is about helping universities in recycling plastic. So within this project, we have two micro plants that will be given to Nile University and UNILAG to recycle plastic within the universities. We are also funding a project in five different universities.”

Similarly, Sebastien Bede, the Attaché for Scientific and Higher Education Cooperation at the French Embassy, pointed out that the French government has been cooperating with Nigerian partners to develop projects and implement solutions to plastic waste.
‘’So we have this project we call the French Embassy Fund to actually develop and implement solutions to tackle plastic pollution in Nigerian university campuses. And the idea is threefold. First, as previously the Deputy Ambassador said, to equip two universities here in Nigeria, UNILAG, Nile University in Abuja, with microplants to recycle plastic.

This comes with capacity building, with Plastic Odyssey, to train the staff and develop integrated solutions, which goes from collecting the plastic on the campus, sort it out, clean it, grind it, and then the final product. So we have the input and the output. So there’s been a collective reflection on what is the need here in Nigeria on the campuses.

About 17 Nigerian university students were awarded for their efforts in turning plastic waste to viable economic ventures.

French Government Calls for Collaboration to Protect Oceans for Plastic Threat

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OP-ED: “A RESCUE PLAN FOR SUSTAINABLE DEVELOPMENT”

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OP-ED: “A RESCUE PLAN FOR SUSTAINABLE DEVELOPMENT”

By: Michael Mike

This month, leaders will gather in Sevilla, Spain, on a rescue mission: to help fix how the world invests in sustainable development.

The stakes could not be higher. A decade after the adoption of the Sustainable Development Goals and many global commitments to finance them, two-thirds of the targets are lagging. And the world is falling short by over $4 trillion annually in the resources developing countries need to deliver on these promises by 2030.

Meanwhile, the global economy is slowing, trade tensions are rising, aid budgets are being slashed while military spending soars, and international cooperation is under unprecedented strain.

The global development crisis is not abstract. It is measured in families going to bed hungry, children going unvaccinated, girls being forced to drop out of school and entire communities deprived of basic services.

We must correct course. That begins at the Fourth International Conference on Financing for Development in Sevilla, where an ambitious, globally supported plan to invest in the Sustainable Development Goals must be adopted.

That plan should include three essential elements.

First, Sevilla must help accelerate the flow of resources to the countries who need it most. Fast.

Countries must be in the driver’s seat, mobilizing domestic resources by strengthening revenue collection and addressing tax evasion, money laundering and illicit financial flows through international cooperation. This would provide much-needed resources to prioritize spending on areas with the greatest impact such as education, healthcare, jobs, social protection, food security, and renewable energy.

At the same time, national development banks, regional and Multilateral Development Banks need to come together to finance major investments.

To support this, the lending capacity of these banks needs to triple so developing countries can better access capital on affordable terms with longer timelines.

This increased access should include re-channeling of unconditional reserve assets — or Special Drawing Rights — to developing countries, preferably through Multilateral Development Banks to multiply their impact.

Private investment is also essential. Resources can be unlocked by making it easier for private finance to support bankable development projects and by promoting solutions that mitigate currency risks and combine public and private finance more effectively.

Throughout, donors must keep their development promises.

Second, we must fix the global debt system. It is unfair and broken.

The current borrowing system is unsustainable, and developing countries have little confidence in it. It’s easy to see why. Debt service is a steamroller crushing development gains, to the tune of more than $1.4 trillion a year. Many governments are forced to spend more on debt payments than on essentials like health and education combined.

Sevilla must result in concrete steps to reduce borrowing costs, facilitate timely debt restructuring for countries burdened by unsustainable debt, and prevent debt crises from unfolding in the first place.

In advance of the conference, a number of countries put forward proposals to ease the debt burden on developing countries. This includes making it easier to pause debt service in times of emergency; establishing a single debt registry to strengthen transparency; and improving how the IMF, World Bank and credit-ratings agencies assess risks in developing countries.

Finally, Sevilla must raise the voice and influence of developing countries in the international financial system so it better serves their needs.

International financial institutions must reform their governance structures to enable greater voice and participation of developing countries in the management of the institutions they depend on.

The world also needs a fairer global tax system, one shaped by all governments — not just the wealthiest and most powerful.

The creation of a “borrowers club” for countries to coordinate their approaches and learn from one another is another promising step toward addressing power imbalances.

The meeting in Sevilla is not about charity. It’s about justice, and building a future in which countries can thrive, build, trade, and prosper together. In our increasingly interconnected world, a future of haves and have-nots is a recipe for even greater global insecurity that will keep weighing down progress for all.

With renewed global commitment and action, Sevilla can spark new momentum to restore a measure of faith in international cooperation and deliver on sustainable development for people and planet.

In Sevilla, leaders must act together to make this rescue mission a success.

OP-ED: “A RESCUE PLAN FOR SUSTAINABLE DEVELOPMENT”

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