{"id":100208,"date":"2022-10-11T07:46:37","date_gmt":"2022-10-11T06:46:37","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=100208"},"modified":"2022-10-11T07:46:37","modified_gmt":"2022-10-11T06:46:37","slug":"flooding-imf-seeks-assistance-for-farmers-infrastructure-to-curb-food-insecurity-in-nigeria","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/flooding-imf-seeks-assistance-for-farmers-infrastructure-to-curb-food-insecurity-in-nigeria\/","title":{"rendered":"Flooding: IMF Seeks Assistance For Farmers, Infrastructure To Curb Food Insecurity In Nigeria"},"content":{"rendered":"<div style=\"text-align: justify;\">With many farmlands under water due to the flooding in Benue, Kogi, Anambra and some other States in Nigeria, the International Monetary Fund (IMF) has warned that the country could be facing higher food prices, saying government getting food and cash to help people could help get people back on their feet.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The IMF also stressed the need for government to invest in building technology that will issue early warning systems as well as platforms where it can easily access climate finance that will help safeguard against shocks such as the one it is facing currently.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Speaking during the analytical corner on \u201cClimate Change and Food Insecurity in Sub-Saharan Africa\u201d on the first day of the 2022 IMF\/World Bank Annual Meetings in Washington DC, Mai Farid of the Fund\u2019s African Department said: \u201cwe are very cognizant of the challenge that the flood of that magnitude affects Nigeria and neighbouring countries.\u201d<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Stating that Sub Saharan Africa, which Nigeria is part of, is the most food insecure region and also the region most vulnerable to climate change and yet the least prepared to pay, Farid said \u201cin terms of the supply of agricultural production, it is going to drop which will put even further pressure on prices. And in addition, the floods have affected some of the transportation networks which makes it even harder for food to transfer into the country or even out in any essence storage.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cSo we do recognise that these are incredibly difficult context to address. However, as we mentioned, our work actually does point towards establishing a telecommunications system that gives farmers the ability to be aware of an upcoming change forecast that would kind of predict a flood or, or a drought, all those things will help them prepare and be some kind of an ex ante preparedness approach.\u201d<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Also on the digitalization she said the government could create platforms that could connect \u201cvendors that could be able to provide you with when you have facing the shortfall, trade networks and trade corridors. That way the countries with bumper harvest somewhere far from the affected region could actually be providing for that shortfall in supply of commodities.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cRebuilding better is something that countries need to take into account since climate change is not going anywhere and as we mentioned is inevitable. And therefore making sure that infrastructure is climate resilient, that you are able to actually withstand that next shock, flood barriers come to mind, given the countries that we mentioned, these are expensive and this is where more efficient expenditure as well as making sure that you have platforms to perhaps attract climate finance.\u201d<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">On his part, John Spray of the Asia and Pacific Department of the IMF said, \u201cone thing our model tells us is that there can be permanent effects and short term shocks. And so getting people to food and cash early, getting that social assistance out to people can have a really big impact in the long run. So there\u2019s a kind of urgency where we think it\u2019s important that when there is a shock that people can get access to food. They don\u2019t have to take more drastic measures, pulling children out of school or sacrificing other assets.\u201d<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Farid while stating that food insecurity in Africa has been rising faster than in the rest of the world, noted that \u201cover the past decade, you can see a persistent deterioration in sub Saharan Africa\u2019s fixed Security Index. This is partly due to pressures from rapid population growth. Recurring and intensifying natural disasters and lack of resilience<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cBut when global droughts globally occurred in Sub Saharan Africa, more frequent and severe climate shocks have become a new normal, just Nigeria, Chad and Cameroon have been hit by severe floods. These are countries where most farmers rely on rain fed agriculture, with less than 1% of arable land equipped for irrigation, meaning farming and livestock are unable to cope with both rain.\u201d<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>With many farmlands under water due to the flooding in Benue, Kogi, Anambra and some other States in Nigeria, the International Monetary Fund (IMF) has warned that the country could&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":51111,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-100208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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