{"id":406178,"date":"2010-03-09T01:45:00","date_gmt":"2010-03-09T06:45:00","guid":{"rendered":"tag:blogger.com,1999:blog-16711557.post-2136882083843064457"},"modified":"2010-03-09T01:45:14","modified_gmt":"2010-03-09T06:45:14","slug":"africa-spends-20-billion-yearly-to-import-food","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/406178","title":{"rendered":"Africa Spends $20 Billion Yearly to Import Food"},"content":{"rendered":"<div style=\"float: right; margin-left: 10px; margin-bottom: 10px;\"><a href=\"http:\/\/www.flickr.com\/photos\/53911892@N00\/438236995\/\" title=\"photo sharing\"><img decoding=\"async\" src=\"http:\/\/farm1.static.flickr.com\/171\/438236995_ec45a02173_m.jpg\" alt=\"\" style=\"border: solid 2px #000000;\" \/><\/a><br \/><span style=\"font-size: 0.9em; margin-top: 0px;\"><a href=\"http:\/\/www.flickr.com\/photos\/53911892@N00\/438236995\/\">African women in many countries supply 80% of the agricultural output. The emancipation of women is essential to the development of the continent.<\/a><br \/>Originally uploaded by <a href=\"http:\/\/www.flickr.com\/people\/53911892@N00\/\">Pan-African News Wire File Photos<\/a><\/span><\/div>\n<p>Africa spends $20bn yearly to import food \u2014 Sanusi<br \/>National News Mar 9, 2010<\/p>\n<p>By Henry Umoru<br \/>Nigeria Vanguard<\/p>\n<p>ABUJA\u2014GOVERNOR, Central Bank of Nigeria , CBN, Mallam Sanusi Lamido Sanusi disclosed yesterday that the total projected demand for agri-business financing required in Africa from now till 2050 stands at $620.4 billion, just as the annual demand is put at $6.5 billion.<\/p>\n<p>According to him, funding globally from various sources had been declining over the years, just as he said Official Development Assistant, ODA, to sub Sahara Africa\u2019s agriculture dropped from $1.450billion in 1998 to $713million in 2002.<\/p>\n<p>Sanusi who noted that Africa\u2019s food import bills stand between US$2billion and 20 billion per annum in addition to the continent\u2019s US$2billion annual food aid, stressed that these huge financial resources being expended could be used internally to develop Africa\u2019s agricultural potential.<\/p>\n<p>Speaking yesterday at the ongoing a three-day conference on the development of Agri-Business and Agro-Industries in Africa in Abuja, warned that if the continent fails to address the problem associated with agriculture, there could be impending food crisis in the African continent.<\/p>\n<p>The Apex Bank boss who noted that the proportion of people living below the poverty line of less than US$1 a day increased from 47. 6 per cent in 1985 to 59 per cent in 2000 and still growing, stressed that a large proportion of people in Africa had limited access to food, clothing and shelter, adding that more than 200million people, particularly women and children were still undernourished.<br clear=\"all\" \/><\/p>\n<div class=\"blogger-post-footer\"><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/16711557-2136882083843064457?l=panafricannews.blogspot.com' alt='' \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>African women in many countries supply 80% of the agricultural output. The emancipation of women is essential to the development of the continent.Originally uploaded by Pan-African News Wire File Photos Africa spends $20bn yearly to import food \u2014 SanusiNational News Mar 9, 2010 By Henry UmoruNigeria Vanguard ABUJA\u2014GOVERNOR, Central Bank of Nigeria , CBN, Mallam [&hellip;]<\/p>\n","protected":false},"author":4243,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-406178","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/406178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4243"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=406178"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/406178\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=406178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=406178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=406178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}