The International Monetary Fund (IMF) has warned Nigeria and other Sub Saharan countries against hunger-related social unrests as a direct consequence of Russia’s invasion of Ukraine, which combined with inflation, rising debt poses a major threat to economic growth in the region.
The International Monetary Fund (IMF) has warned Nigeria and other African countries of the possibility hunger-related social unrests ahead, as a direct consequence of Russia’s invasion of Ukraine.
This was contained in its Sub-Saharan Africa Regional Economic Outlook released in Washington DC, United states of America, yesterday.
Africa is said to depend on Russia and Ukraine for about 50 percent of its wheat import.
The Director, African Department, Mr. Abebe Selassie who virtually briefed the press said: “Food price increases will hurt the most vulnerable and may add to social tensions, particularly in fragile and conflict-affected states. Food security is already a critical issue across the Sahel.
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