BREAKING: FG in Talks with Japan Over ¥15bn Emergency Loan to Tackle Food Crisis in Nigeria
In a bid to address the worsening food insecurity across Nigeria, the Federal Government has entered discussions with the Japan International Cooperation Agency (JICA) to secure a ¥15 billion (approx. $110 million) emergency loan.
The development was disclosed in an official statement issued by the Federal Ministry of Finance, highlighting the urgency to boost food production, stabilize prices, and support vulnerable communities affected by inflation and scarcity.
Why This Matters
With millions of Nigerians facing rising food costs and shortages, the proposed loan aims to:
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Support agricultural development and food supply chains
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Reduce dependency on food imports
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Enhance emergency food programs nationwide
The partnership with JICA signals stronger international collaboration in Nigeria’s ongoing battle against economic instability and hunger.
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In a bid to address the worsening food insecurity across Nigeria, the Federal Government has entered discussions with the Japan International Cooperation Agency (JICA) to secure a ¥15 billion (approx. $110 million) emergency loan. The development was disclosed in an official statement issued by the Federal Ministry of Finance, highlighting the urgency to boost food production, stabilize...
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