High Food Prices Loom, USAID Warns Nigeria, Others

The United States Agency for International Development has warned Nigeria and other African countries to brace up for higher food prices, following recent developments that have temporarily halted Ukraine’s food exports to African countries.

USAID’s Deputy Administrator for Policy and Programming, Isobel Coleman, said this on Thursday at a virtual press conference.

According to her, Russia’s decision to withdraw from the Black Sea Grain Initiative had already begun to trigger higher food prices around the world.

She noted the impact of this food price hike would be more felt in developing countries that were import-dependent, and had conventionally relied on grain imports from Ukraine.

The Black Sea Grain Initiative was conceived to specifically allow for commercial food and fertiliser (including ammonia) exports from three key Ukrainian ports in the Black Sea, which are Odessa, Chornomorsk, Yuzhny/Pivdennyi.

The Russian invasion of Ukraine in February 2022, led to a complete halt of maritime grain shipments from Ukraine, previously a major exporter via the Black Sea. Additionally, Russia temporarily halted its grain exports, further exacerbating the situation.

This resulted in a rise in world food prices and the threat of famine in lower-income countries such as Nigeria, and accusation that Russia was weaponising food supplies.