Naira crisis: Over 24 million Nigerians at risk of facing severe hardship

Cadre Harmonise is an international tool used by renowned international organisations like ECOWAS, United Nations agencies (FAO, WFP and UNICEF), and non-governmental organizations (ACF, Save the Children, Oxfam) to measure analyses of current and projected food and nutrition situations.

The CH report which covers March 2023 picked data from Abia, Adamawa, Bauchi, Benue, Borno, Cross-River, Edo, Enugu, Gombe, Jigawa, Kaduna, Kano, Katsina, Kebbi, Kogi, Kwara, Lagos, Nasarawa, Niger, Ogun, Plateau, Rivers, Sokoto, Taraba, Yobe, and Zamfara, and the Federal Capital Territory (FCT).

The CH report also noted the devastating effect of the Central Bank Of Nigeria, CBN’s naira redesign project which was seen as one of the key drivers of the crisis in Nigeria. The report added that the development led to so many households facing hunger and want due to their inability to access cash and food commodities.