• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, October 30, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Afrexim Warns African Countries Against High Food Importation Bills

by Kingsley Okoh
10 months ago
in Business
afrexim
Share on WhatsAppShare on FacebookShare on XTelegram

African nations spend an average of $50 billion each year importing food, a reliance that could surge to $110 billion by 2025 without urgent interventions, according to a report by the African Export-Import Bank (Afreximbank).

Advertisement

Despite vast arable land and natural resources, many African countries are increasingly dependent on external food sources, leading to growing food insecurity and under-nourishment.

The report highlights the alarming trend where African nations, even with their fertile land, fail to meet their own food needs. The United Nations Economic Commission for Africa predicts that food imports could rise significantly, reaching $110 billion by 2025, up from $15 billion in 2018.

Advertisement

This dependence on food imports has left African economies vulnerable to external shocks. The ongoing conflict between Russia and Ukraine has exacerbated this problem, particularly for countries reliant on Ukrainian wheat. The war has caused disruptions in wheat supplies, resulting in price hikes and further insecurity across the continent.
The Food and Agriculture Organization (FAO) reports that 282 million people, or 20 percent of Africa’s population, are undernourished, an increase of 57 million people since the start of the COVID-19 pandemic. In 2023, over 846 million people in Africa faced moderate or severe food insecurity, with 315 million experiencing severe conditions. Nearly 30 percent of African children suffer from stunting due to poor nutrition.

In Nigeria, the hunger rate is particularly concerning. With 28.8 percent of its population affected by hunger, the country also faces high rates of child malnutrition, including 18 percent of children being malnourished, 31.5 percent stunted, and 6.5 per cent wasted.

Afreximbank stressed that addressing food security and reducing dependence on imports will require a comprehensive approach that tackles both economic and social challenges. If left unaddressed, this ongoing dependence on food imports will continue to strain Africa’s economies, making the continent even more vulnerable to external disruptions.

RELATED NEWS

MAN Calls For Urgent Reforms In Boosting Manufacturing Sector

Schneider Electric Recognised for Excellence in Sustainable Design

Prioritise Nigeria’s Oil Sector Funding, Upstream Regulator Urges Bank of America

After Lagos, Agency Targets Bayelsa, Niger, Others For Clearance Of Water Hyacinth

Join Our WhatsApp Channel


SendShareTweetShare

OTHER NEWS UPDATES

35% Lending Rates Stoke High Prices, Discouraging Investment – MAN
Business

MAN Calls For Urgent Reforms In Boosting Manufacturing Sector

2 hours ago
IWD: Female Employees Share Career Journey At Schneider Electric
Business

Schneider Electric Recognised for Excellence in Sustainable Design

18 hours ago
Prioritise Nigeria’s Oil Sector Funding, Upstream Regulator Urges Bank of America
Business

Prioritise Nigeria’s Oil Sector Funding, Upstream Regulator Urges Bank of America

18 hours ago
Advertisement
Leadership join WhatsApp

LATEST UPDATE

House Of Reps Seeks Upgrade Of UI, UNN, ABU

2 hours ago

MAN Calls For Urgent Reforms In Boosting Manufacturing Sector

2 hours ago

Youths In Bloody Clash Over Killing Of Suspected ‘Yahoo Boy’ In Edo

2 hours ago

NAFDAC Recalls Substandard Astamocil, Astamentin Antibiotics From Market

2 hours ago

Governor Fintiri Hosts Davido Ahead Of Adamawa Concert

2 hours ago
Load More

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.