What's New

A caricature of the situation in climate finance, particularly regarding Africa, is a classic vicious circle: Climate finance is not flowing because of the lack of bankable investment plans; the lack of investment plans is due to a lack of faith that climate finance will flow.

The current El Niño phenomenon is expected to result in rainfall deficits and below-average harvests throughout Southern Africa in 2024, according to a recent alert from FEWS Net. Poor households throughout the region will likely face reduction in livelihoods and income and difficulty purchasing adequate food.

The CGIAR Initiative on National Policies and Strategies Nigeria has released the new Nigeria Food Security Simulator. This Excel-based tool allows users to estimate short-term impacts of household-level income or food price shocks and related policy decisions on diets and food security in the country.

An estimated 23 percent of Nigeria’s GDP comes from agriculture, and as many as 70 percent of the nation’s labor force engages in the agricultural sector. At the same time, approximately 40 percent of Nigerians face poverty and food insecurity, driven in part by low agricultural productivity and low levels of technology adoption. With climate shocks expected to become more frequent and extreme, these smallholder households will be even more vulnerable to reduced agricultural productivity, loss of incomes and livelihoods, and food and nutrition insecurity.

Food systems in Africa have the potential to drive dramatic economic, food security, and environmental transformation in the coming decades, according to the 2023 Africa Agriculture Status Report (AASR). Realizing this potential, however, will require significant political will and investment, from both the public and the private sectors, in infrastructure, open trade, research and development, technological innovation, and enhanced education and opportunities for Africa’s rapidly expanding young population.