Climate change: International Monetary Fund Says Nigeria floods will increase food prices

Written by on October 11, 2022

The International Monetary Fund has charged Nigeria to brace up for the effect of climate change and this year’s floods.

IMF African Department official, Mai Farid stressed that food prices will most likely increase due to climate change and flood.

Farid gave the indication on Monday during a session on ‘Climate Change and Food Insecurity in Sub-Saharan Africa’.

She said the IMF was aware of how the magnitude of the floods have impacted communities in Nigeria and neighbouring countries.

Farid advised governments in Sub-Saharan Africa to invest in early warning system technology and infrastructure, while IMF Asia and Pacific Department official, John Spray warned of permanent effects and short term shocks.

Uploaded by – ADULEYE OYINKANSOLA


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