https://en.sputniknews.africa/20241207/nigerias-senate-reportedly-moves-to-criminalize-corn-exports-to-combat-hunger-1069592837.html
Nigeria's Senate Reportedly Moves to Criminalize Corn Exports to Combat Hunger
Nigeria's Senate Reportedly Moves to Criminalize Corn Exports to Combat Hunger
Sputnik Africa
The move comes amid Africa's most populous nation's worst cost-of-living crisis in recent memory, exacerbated by the government's ongoing economic reforms... 07.12.2024, Sputnik Africa
2024-12-07T12:11+0100
2024-12-07T12:11+0100
2024-12-07T13:21+0100
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nigeria
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food
world food crisis
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The Nigerian Senate has passed a bill criminalizing the export of significant quantities of unprocessed corn, aiming to alleviate the West African nation's escalating food crisis.These reforms, while intended to stabilize the economy, have fueled inflation and driven informal corn exports to neighboring countries due to favorable exchange rates.The bill, which requires presidential approval to become law, would prohibit the export of unprocessed maize exceeding one metric ton. Violators would face fines equivalent to the value of the corn or a one-year prison sentence.This action is driven by alarming projections: a recent joint government and UN report predicts a one-third increase in food insecurity next year, affecting over 30 million Nigerians. Corn, a staple food also used in animal feed and processed foods, is central to this crisis.
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nigeria, africa, united nations (un), west africa, food, world food crisis, food security , expo, export, economy
nigeria, africa, united nations (un), west africa, food, world food crisis, food security , expo, export, economy
Nigeria's Senate Reportedly Moves to Criminalize Corn Exports to Combat Hunger
12:11 07.12.2024 (Updated: 13:21 07.12.2024) Muhammad Nooh Osman
Writer/Editor
The move comes amid Africa's most populous nation's worst cost-of-living crisis in recent memory, exacerbated by the government's ongoing economic reforms, including currency devaluation and fuel subsidy removal.
The Nigerian Senate has passed a bill criminalizing the export of significant quantities of unprocessed corn, aiming to alleviate the West African nation's escalating
food crisis.
These reforms, while intended to stabilize the economy, have fueled inflation and driven informal corn exports to neighboring countries due to favorable exchange rates.
The bill, which requires presidential approval to become law, would
prohibit the export of unprocessed maize exceeding one metric ton. Violators would face fines equivalent to the value of the corn or a one-year prison sentence.
This action is driven by alarming projections: a recent joint government and UN report predicts a one-third increase in
food insecurity next year, affecting over 30 million Nigerians. Corn, a staple food also used in animal feed and processed foods, is central to this crisis.
