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UN allocates $20mllion to curb food security in Nigeria

Written by on June 21, 2023

The United Nations has allocated 20 million dollars to urgently ramp up the response to the alarming food security and nutrition crisis in the north-east of Nigeria.

UN Deputy Spokesperson Farhan Haq disclosed this at a news conference yesterday at UN headquarters in New York.

According to Haq, with nine million dollars from the Central Emergency Response Fund CERF and $11 million from the Nigeria Humanitarian Fund, the UN will support the Government-led response efforts across Borno, Adamawa and Yobe states.

To fiscal matters, the naira appreciated by 1.79 per cent against the United States dollar on the Investor & Exporter forex window yesterday, closing at N756.61 to a dollar.

On Monday, local currency slumped to N 770.38 to a dollar at the close of trading on the I&E window , from N686.96 to a dollar  at the close of trading on Friday.

According to figures obtained from the FMDQ, the trading, which commenced at N701.75 to a dollar,

yesterday reached a high of N781 to a dollar before closing at N756.61 to a dollar.

The trading also recorded improved turnover of $134.47m yesterday from $78.03m at the close of trading on Monday.

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