Close Menu
Chronicle NG
    Trending Stories
    Alex Scott scores winner as Bournemouth beat Arsenal at Emirates Stadium in Premier League clash

    Arsenal title hopes hit by Bournemouth defeat

    April 11, 2026
    Pope Leo XIV arrives in Algeria for historic visit promoting interfaith dialogue

    Pope Leo begins historic Algeria visit to promote interfaith dialogue

    April 11, 2026
    World Bank deletes Nigeria Development Update report three days after release

    World Bank deletes Nigeria Development Update report three days after release

    April 11, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Arsenal title hopes hit by Bournemouth defeat
    • Pope Leo begins historic Algeria visit to promote interfaith dialogue
    • World Bank deletes Nigeria Development Update report three days after release
    • Oyedele admits errors in new tax laws, promises correction
    • Atiku condemns terrorism in Nigeria, thanks Trump for support
    • Okpebholo mourns Gen Braimah, calls death symbolic sacrifice
    • Shettima visits Borno, condoles Army over Boko Haram attack
    • Zulum donates N50m to family of soldier killed by terrorists in Borno
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Saturday, April 11
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle NG

    Economic Hardship: Nigerians spend all their income on food alone – Peter Obi

    David GreatBy David GreatMarch 13, 2024No Comments3 Mins Read
    Facebook Twitter Telegram WhatsApp
    Obi condemns killing of Emir by kidnappers, calls for war against terrorism
    Facebook Twitter WhatsApp

    The presidential candidate of the Labour Party in the 2023 general election, Peter Obi, has decried the high cost of food items across Nigeria, saying an average Nigerian household now spend all their on food alone.

    Obi, in a signed statement posted on social media, revealed this against the backdrop of a UNICEF Cadre Harmonisé report, which projected that 31.5 million Nigerians are at risk of acute hunger by August 2024.

    The Cadre Harmonisé is a unifying tool that helps to produce relevant, consensual, rigorous, and transparent analyses of current and projected food and nutrition situations. It classifies the severity of food and nutrition insecurity based on the international classification scale through an approach that refers to well-defined functions and protocols.

    Expressing his concerns over the current economic and food crisis bedeviling the country, the former Anambra governor stated that Nigeria now ranks among the top 20 hungriest nations in the world.”

    The situation has now become more complex with the high cost of living and high inflation rate, which pervades our economy. Today, with our ranking of 109 out of 125 countries measured on the Global Hunger Index, Nigeria is considered among the 20 hungriest nations in the world.

    • Nigerians blast Peter Obi over ‘new Nigeria is possible’ statement

    “Many Nigerian households now spend almost all their income on food alone, leaving all other family expenses to anyone’s imagination.” the statement partly reads.

    Advising the government on a way out of the current crisis, Obi emphasized the need to switch the nation’s economy from consumption to a productive one.

    He said, “I have consistently maintained that the surest way to fight hunger in Nigeria is by moving our nation from consumption to production, which entails aggressive investment in agriculture by fully exploring and cultivating the vast arable lands mostly in the Northern parts of the country.

    “Now that we have been given notice of the impending danger – the additional number of Nigerians that will face hunger by June this year, I strongly urge that we work hard and put in place measures that will help us to avert it. We must take urgent steps to boost food production in the country to defeat the rising hunger and attendant anger in the nation.”

    Concluding his thoughts, Obi urged the government to deal decisively with the scourge of insecurity, which has hindered many farmers across the country from accessing their farmlands.

    “With the high level of insecurity and terror attacks in many parts of the country hindering farmers from their agricultural activities, and management of our monetary policies impacting negatively on small businesses in the agricultural sector, the government must secure the farmers and give them adequate support for increased food production. Building a productive Nigeria remains our focus in the New Nigeria, which is possible.” he stated.

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    Pope Leo XIV arrives in Algeria for historic visit promoting interfaith dialogue

    Pope Leo begins historic Algeria visit to promote interfaith dialogue

    World Bank deletes Nigeria Development Update report three days after release

    World Bank deletes Nigeria Development Update report three days after release

    Tinubu: Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms

    Oyedele admits errors in new tax laws, promises correction

    Atiku Abubakar speaking during interview on ADC crisis and 2027 election plans

    Atiku condemns terrorism in Nigeria, thanks Trump for support

    The Governor of Edo State, Monday Okpebholo, has expressed deep sadness over the death of Brigadier General Oseni O. Braimah, describing it as a painful loss to Edo State and the nation.

    Okpebholo mourns Gen Braimah, calls death symbolic sacrifice

    Shettima departs Nigeria for Senegal’s 65th independence anniversary, chronicle.ng

    Shettima visits Borno, condoles Army over Boko Haram attack

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    Alex Scott scores winner as Bournemouth beat Arsenal at Emirates Stadium in Premier League clash

    Arsenal title hopes hit by Bournemouth defeat

    April 11, 2026
    Pope Leo XIV arrives in Algeria for historic visit promoting interfaith dialogue

    Pope Leo begins historic Algeria visit to promote interfaith dialogue

    April 11, 2026
    World Bank deletes Nigeria Development Update report three days after release

    World Bank deletes Nigeria Development Update report three days after release

    April 11, 2026
    Tinubu: Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms

    Oyedele admits errors in new tax laws, promises correction

    April 11, 2026
    Atiku Abubakar speaking during interview on ADC crisis and 2027 election plans

    Atiku condemns terrorism in Nigeria, thanks Trump for support

    April 11, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.