By Mercy Aikoye
The House of Representatives Committee on Nutrition and Food Security has launched an investigation into the ₦1.12 trillion disbursed by the Central Bank of Nigeria through the Anchor Borrowers Programme (ABP) from 2017 to 2024. This probe also covers other federal government agricultural initiatives during this period.
Committee Chairman Chike Okafor expressed concern that despite massive funding, Nigeria still struggles with food insecurity, scarcity, and malnutrition. He emphasized that judicious use of these funds could have prevented the current crisis, where millions of Nigerians struggle to afford basic meals.
The Committee on Nutrition and Food Security aims to collaborate with the executive arm of government and other stakeholders to address food security challenges. By doing so, they hope to make Nigeria a food-secure and nourished populace. This initiative is part of the legislative response to tackle food scarcity and nutritional dangers facing the country.
Nigeria currently faces a grave threat to the health and livelihoods of millions due to insufficient access to nutritious food. This has led to hunger, malnutrition, and exacerbated existing health conditions. With 24.9 million Nigerians in an acute stage of hunger and 85.8 million with insufficient food consumption, the situation demands urgent attention.
The investigation will cover the Central Bank’s Anchor Borrowers Program, which aimed to disburse ₦1.12 trillion to 4.67 million farmers involved in maize, rice, or wheat farming through 563 anchors. It will also examine NIRSAL’s disbursement of ₦215,066,980,274.52 to facilitate agriculture and agribusinesses.
The committee will work with relevant government ministries, departments, and agencies to implement solutions and ensure a more food-secure Nigeria. By collaborating with stakeholders, they aim to find lasting solutions to the country’s food crises.
The investigation’s outcome will hopefully lead to improvements in the management of agricultural funds and initiatives, ultimately addressing food scarcity and malnutrition in Nigeria. The House’s decision demonstrates its commitment to ensuring transparency and accountability in government programs and initiatives.
