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NIGERIA: Political will, joint efforts needed to reverse losses of N450bn in GDP due to malnutrition

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• As HarvestPlus announces Nutritious Food Fair in Lagos

 

Efforts to address malnutrition in Nigeria require both collective and political will, a coalition of nutrition advocates led by HarvestPlus have said.

At a gathering in Lagos to announce the 2018 Nutritious Food Fair, the Country Manager for HarvestPlus, Mr Paul Ilona said urgent and coordinated efforts were needed to improve nutrition and end the 450 billion naira annual losses in Gross Domestic Product (GDP) caused by malnutrition in Nigeria.

But beyond losses in GDP, Mr Ilona stressed that the number of deaths and irreparable damage to the growth and well being of children under five and women were alarming.

“For instance, if you take vitamin A deficiency in Nigeria, 30 percent of children under five years are estimated to be vitamin A deficient… And a deficiency in vitamin A lowers immunity, impairs vision, and may lead to blindness and even death,” he said.

Globally, about 2 billion people in the developing world do not get enough essential vitamins and minerals, such as vitamin A, Zinc, and Iron in their daily diets.

Mr Ilona described the lack of essential vitamins and minerals as “Hidden Hunger,” adding that those who suffer from this situation were usually vulnerable to illnesses and infections.

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“In severe cases, hidden hunger can leave children blind, stunted, or with reduced intelligence quotient (IQ), and increases a woman’s risk of dying during pregnancy,” he explained.

To address the challenge of malnutrition, HarvestPlus and the International Institute of Tropical Agriculture (IITA), and National Root Crops Research Institute (NRCRI), Umudike, in the last two decades, developed and released provitamin A cassava varieties. IITA and HarvestPlus also developed and released provitamin A maize varieties. These varieties are being disseminated to farmers using a multi-pronged approach including awareness campaigns.

In 2015, HarvestPlus convened the first Nutritious Food Fair (NFF) in Abuja—an event to draw attention and promote the cultivation, and consumption of biofortified crops as a solution to malnutrition. The 2018 edition of the Nutritious Food Fair (NFF) which is billed to hold in Lagos on 7-9 November, builds on the previous editions and aims to bring awareness on biofortification and the dangers of malnutrition to millions of people in Nigeria’s biggest commercial city.

Francis Aminu of Dangote Foundation said  Dangote Foundation would partner HarvestPlus to end malnutrition in Nigeria. “Dangote Foundation will make a presence at the NFF,” he said.

He reiterated Dangote’s commitment to invest in nutrition and to provide opportunity for every Nigerian child and woman to live healthy.

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Dr Chris Isokpunwu, Head of Nutrition, Federal Ministry of Health commended HarvestPlus for its efforts in fighting malnutrition in Nigeria.

While pledging the commitment of the Federal Government of Nigeria to improve the nutrition of women and children, Dr Isokpunwu called for joint efforts from both the private and public sectors to help fight malnutrition.

Other participants at the event included the International Institute of Tropical Agriculture (IITA), Global Alliance for Improved Nutrition (GAIN), All Farmers Association of Nigeria (AFAN), Technoserve, and the International Potato Center (CIP) among others.

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Senate Approves Tinubu’s $500m Loan for Power Sector Boost

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The Nigerian Senate has approved President Bola Tinubu’s $500 million loan request intended to bolster the operations of the Bureau of Public Enterprises (BPE) to enhance the financial and technical performance of electricity distribution companies, ultimately benefiting citizens.

The endorsement, announced on Tuesday, follows a thorough examination of the report presented by Senator Aliyu Wamakko, who heads the Senate Committee on Local and Foreign Debts overseeing the 2022 – 2024 External Borrowing (Rolling) Plan specifically for the Bureau of Public Enterprises (BPE).

During the presentation of the report, Senator Haruna Manu, serving as the Vice Chairman of the Committee, emphasised the importance for the Senate to duly receive and deliberate upon the report of the Committee on Local and Foreign Debts concerning the 2022 – 2024 External Borrowing (Rolling) Plan for the Bureau of Public Enterprises (BPE).

The $500 million loan constitutes a portion of the $7.94 billion loan originally requested by President Bola Tinubu on November 1st, 2023, within the framework of the 2022-2024 external borrowing plan. In addition to the $500 million, President Tinubu also sought approval for a €100 million loan.

However, during a special plenary session on December 30, the Senate greenlit the borrowing of $7.4 billion after careful consideration of the report furnished by the Committee on Local and Foreign Debt.

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Melinda Gates Resigns from Gates Foundation, Set to Receive $12.5 Billion

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In this file photo taken on September 26, 2018, Bill Gates and his ex-wife, Melinda Gates, introduce the goalkeepers event at the Lincoln Center in New York. Ludovic MARIN / AFP

Melinda French Gates announced Monday she was leaving the philanthropy mega foundation she established with her ex-husband, Microsoft co-founder Bill Gates.

The resignation, which becomes effective on June 7, will leave Bill Gates as the sole chair of one of the world’s most influential and powerful non-governmental organizations.

“After careful thought and reflection, I have decided to resign from my role as co-chair of the Bill & Melinda Gates Foundation,” Melinda French Gates wrote in a statement posted on social media.

The statement gave no reason for her departure, but noted that “under the terms of my agreement with Bill, in leaving the foundation, I will have an additional $12.5 billion to commit to my work on behalf of women and families.”

The couple married in 1994 but announced their divorce in 2021.

They had continued to co-chair the foundation which they established in 2001 with the vast wealth acquired through the success of Microsoft.

With a focus on child poverty and preventable diseases, the foundation has been heavily involved in fighting malaria and in providing toilets and sanitation in poorer parts of the world.

The foundation’s website says it has spent $53.8 billion since 2000, and claims the number of children around the world who die before their fifth birthday has halved in this time.

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Bill Gates thanked his ex-wife for her “critical contributions” to the organization.

“As a co-founder and co-chair Melinda has been instrumental in shaping our strategies and initiatives, significantly impacting global health and gender equality,” he said.

“I am sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work.”

The organization’s chief executive, Mark Suzman, said its name would change to simply the Gates Foundation — it has been known as The Bill & Melinda Gates Foundation.

“I truly admire Melinda, and the critical role she has played in starting the foundation and in setting our values, she has played an essential role in all that we’ve accomplished over the past 24 years,” he said in a video posted to social media.

“I will miss working with her and learning from her. I look forward to seeing her continued impact.”

 

 

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EFCC calls on banks’ compliance officers to uphold confidentiality

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The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has urged Compliance Officers of Banks nationwide to refrain from unauthorised disclosure of EFCC’s investigative activities and requests made to banks’ customers.

Speaking through the Acting Zonal Director of the Ibadan Zonal Command of the EFCC, ACE I Hauwa Garba Ringim, during a stakeholders’ meeting with Compliance Officers of Banks in Oyo State on Tuesday, Olukoyede emphasised the detrimental impact such disclosures have on the investigation of financial crimes and the timely filing of corruption cases in court.

Olukoyede expressed concern over the tacit support fraudsters receive from the Nigerian banking sector, highlighting the challenges it poses to the Commission.

He urged Compliance Officers to promptly respond to EFCC’s correspondence with certified true copies of relevant documents, as this facilitates swift investigation processes.

Also, Olukoyede addressed the illegal trading of naira with Point-of-sale (POS) operators, stressing the need to curtail such practices for the benefit of Nigerians.

In response to the chairman’s directives, Compliance Officers assured the EFCC of their unwavering support and commitment to enhancing collaboration between the Commission and banks for more effective anti-corruption efforts.

 

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