CBN Interventions and Food Security: Rationale, Experience and Challenges

Authors

Yusuf P. Yila, Central Bank of Nigeria

Publisher

Central Bank of Nigeria

Keywords

CBN, Interventions, food security

Abstract

Prior to the outbreak of the Coronavirus (COVID-19) pandemic, conflicts, deteriorating socio-economic conditions, natural hazards, changing climatic conditions, prevalence of pest and diseases, etc., had led to reduced incomes, disrupted supply chains, and resulted in severe chronic and acute hunger across several countries, worldwide. These conditions were exacerbated by COVID-19 impacts, leading to severe and widespread increases in global food insecurity affecting vulnerable households in almost every country. These impacts expected to continue through 2021 and beyond as the Delta variant continues its spread (World Bank, 2021). Thus, the effects of the Pandemic on national food security systems becomes critical issue for policy analysis and interventions

Author Bio

Yusuf P. Yila is the Director of Development Finance Department of the Central Bank of Nigeria

Publication Title

CBN Economic and Financial Review (EFR)

Issue

4

Volume

59

First Page

67

Last Page

78

Recommended Citation

Yila, Y. P. (2021). CBN Interventions and Food Security: Rationale, Experience and Challenges. Economic and Financial Review. 59(4) 67-78