The International Monetary Fund estimates that the number of Nigerians lacking food security increased from about 2.5 million as of December 2019 to about 4.5 million as of September 2021.

The IMF attributed this increase to be a result of the COVID-19 pandemic, adding that the country would continue to experience the impacts of the pandemic due to rising food insecurity and increased poverty levels.

“The social impacts of the pandemic may be more enduring with rising food insecurity and an increase in the already-high levels of poverty,” the report read.

Also, the World Bank said the Federal Government of Nigeria did not take any concerted action towards curbing inflation in 2021 despite inflation shock pushing an estimated eight million Nigerians below the poverty line.

However, the President of the African Development Bank, Akinwumi Adesina, recently said that technology can be deployed to boost food security and transparency in Nigeria.