Jawasi Social

Saturday, November 23, 2024

20.8% of Nigerian households borrow food to eat – NBS report

The National Bureau of Statistics has disclosed that 20.8 per cent of Nigerian households resorted to borrowing food or seeking help from friends and relatives to survive over the past 30 days. This finding is contained in the General Household Survey-Panel Wave 5 (2023/2024), supported by the World Bank. It reveals the grim state of food insecurity across the country. According to the report, 65.8 per cent of households were unable to afford healthy, nutritious, or preferred meals due to financial difficulties, while 63.8 per cent relied on a limited variety of foods. A further 62.4 per cent of households admitted to being anxious about running out of food, with 60.5 per cent saying they ate less than they should. Alarmingly, 12.3 per cent reported that at least, one member of their household went an entire day without food. - Are they going to distribute the money from the open-lie governmet debts street by stret?

N’Assembly under fire as Nigeria’s debt hits N138tn

The National Assembly has been slammed over the speedy approval of loan requests presented by President Bola Tinubu. Experts warned that the continuous plunge of the country into debt without scrutiny could put the country into serious trouble. Both the House of Representatives and the Senate gave expeditious approval for the $2.2bn (N1.767tn) loan request barely 48 hours after President Tinubu made the request. The approval followed the presentation of a report by the Chairman of the Senate Committee on Local and Foreign Debts, Aliyu Wamakko (APC, Sokoto North), during plenary. Tinubu explained that the loan was integral to his administration’s fiscal strategy for the coming year, in a letter read during Tuesday’s Senate and House of Representatives plenaries - The 'administration’s fiscal strategy' but not physical as the undevourable-greedily savings!