{"id":26996,"date":"2018-11-02T07:28:37","date_gmt":"2018-11-02T07:28:37","guid":{"rendered":"http:\/\/fdcng.com\/?p=26996"},"modified":"2018-11-02T07:28:37","modified_gmt":"2018-11-02T07:28:37","slug":"fdc-bi-monthly-economic-business-update-november-01-2018","status":"publish","type":"post","link":"https:\/\/fdcng.com\/fdc-bi-monthly-economic-business-update-november-01-2018\/","title":{"rendered":"FDC BI-MONTHLY ECONOMIC & BUSINESS UPDATE – NOVEMBER 01, 2018"},"content":{"rendered":"

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DOWNLOAD PDF<\/a><\/div> [\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Dear Subscriber,<\/p>\n

Massive flooding in parts of northern Nigeria has devastated households and livelihoods, leading to food shortages and major disruptions to the agricultural value chain. The floods, which began in May\/June, coincided with the drop in agricultural sector expansion which fell to 1.19% in the second quarter of 2018 \u2013 down from a 3% expansion in the previous quarter. This underscores the need for Federal Government support of the affected states in the form of flood defense to avert a food crisis in one of the poorest regions in the country. This will also suppress the resultant inflationary pressures.<\/p>\n

Rice, one of the commodities affected by the floods, is a common https:\/\/iabdm.org\/klonopin-online\/<\/a> staple across many Nigerian households. Certain funding and policy intervention programs implemented by the government have seen rice importation decline by over 90% and attracted investments in excess of N300bn. However, Nigeria\u2019s objective of self-sufficiency by 2020 will be mere rhetoric if the challenge of smuggling is not addressed.<\/p>\n

On the bright side, state governments are collaborating to produce cheaper variants such as the Lagos-Kebbi rice, popularly known as LAKE rice. Increased partnerships of this nature need to be encouraged if the government\u2019s vision to be self-sufficient by 2020 is to become reality.<\/p>\n

In this edition of the FDC Bi-monthly publication, the FDC Think-Tank analyzes these issues and their implications on businesses and the economy at large.<\/p>\n

Enjoy your read.[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"

[vc_row][vc_column][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Dear Subscriber, Massive flooding in parts of northern Nigeria has devastated households and livelihoods, leading to food shortages and major…<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,35,21],"tags":[],"_links":{"self":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/26996"}],"collection":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/comments?post=26996"}],"version-history":[{"count":1,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/26996\/revisions"}],"predecessor-version":[{"id":26997,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/26996\/revisions\/26997"}],"wp:attachment":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/media?parent=26996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/categories?post=26996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/tags?post=26996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}