• World - Africa
  • Updated: September 20, 2023

Niger: How Coup May Put Pressure On Nigeria's Food Market — World Bank

Niger: How Coup May Put Pressure On Nigeria's Food Market �

The World Bank has stated that the ongoing coup crisis in Niger may lead to additional pressure on Nigeria and other West African nations’ food markets.

In its September 'Food Security' Update, the global bank shared that the Nigerien coup d’état puts an additional seven million people at risk of falling into severe food insecurity in the region against a backdrop of soaring commodity and staple food prices, and severe food insecurity already affecting 3.3 million people during the lean season.

In its description of the implication of economic and financial sanctions the Economic Community of West African States and the West African Economic and Monetary Union imposed on the country, it said food prices increased by up to 21 per cent in August in Niger.

“With the government’s limited financial capacity to implement its food assistance programme, continued provision of food aid by the World Food Programme remains essential, but access restrictions are hindering the delivery of aid.

“Moreover, FAO expects that shortages of seeds and feed and high fertilizer costs will affect the next agriculture season, exacerbating food insecurity, which is expected to persist beyond the lean season”, the World Bank said.

“The main factors affecting food security are civil insecurity and conflict, which have led to forced displacement; climatic shocks; political instability; the consequences of the COVID-19 pandemic; and the war in Ukraine, which have increased the volatility of prices for foodstuffs and other commodities and caused widespread inflation.

“Current food prices of the main staple and imported food products remain higher than during the same period last year”, it added.

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