In Nigeria And Other African Nations, Food Prices Will Continue To Rise. — Ukraine
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According to Andriy Yermak, head of the Ukrainian President’s Office, the Russian invasion of Ukraine may deepen the food crisis in Nigeria and other African nations.
The war has already had an impact on the cost of basic foods in the nation, particularly bread.
Among the top five producers of wheat, barley, and maize in the world are Russia and Ukraine.
In an interview with Legit, Yermak claimed that most African countries are directly impacted by the war.
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According to him, rising food and energy costs result in higher pricing for all commodities.
Food and energy price increases result in higher pricing for all commodities, according to Yermak. The interests of the vast majority of Africans are directly impacted by this feature. You are well aware that political discontent, agitation in the streets, and even war are extremely likely to follow a significant spike in prices.
Yermak responded that the impact of the war has already started on the economy of Africa and Nigeria.
He went on to give examples of how the lack of wheat supply has led to a dramatic rise in bread prices in Nigeria and other African nations.
“Today, more than 90 million tons of grain have accumulated in our storage facilities,” the presidential adviser stated. Ukraine used to export more than 50 million tons of grain per year to various parts of the world. More than 25% of this volume was sent to African nations.
In the past, Ukraine has routinely sent substantial amounts of food to nations all around Africa, from Tanzania to Libya, Tunisia, and Morocco. Cameroon, Uganda, Sudan, as well as a few other nations, have all accepted some of those grain shipments from Ukraine.
Even Nigeria, which in 2020 overtook the United States as the fourth-largest importer of wheat, got some of this volume from Ukraine.
