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High Cost Of Food Price Affects 2m Displaced Nigerians- ICRC
The International Committee of the Red Cross (ICRC) says soaring prices is affecting the livelihood of about two million displaced Nigerians.
A statement on the ICRC website on Tuesday said that over a decade of armed conflict has left more than two million people displaced in the North-East of Nigeria.
It noted that people who fled their homes and lost their livelihoods due to the ongoing conflict in the North-East are struggling to put food on their table.
It said that the inflation rate reached a four-year record high of 18 per cent in March 2021, according to the National Bureau of Statistics.
“People displaced by the conflict are among the most vulnerable and are disproportionally affected by price fluctuations.
“Families struggle to find work, care for their loved ones and also put food on the table,” said Sarrah El-Moumouhi, deputy head of Maiduguri sub-delegation for the ICRC.
It said that according to official statistics, 40 per cent of Nigeria’s population, or almost 83 million people, live below the country’s poverty line of N137,430 (382 dollars) per year.
It said that ICRC provided microeconomic grants to vulnerable groups of people who lost their income due to the ongoing armed conflict to enable them start small businesses.
“However, steep inflation of the past year has hit them hard and an increasing number of people are struggling to keep their business afloat,’ it said.
It said that in 2020, more than 16,000 people received cash for investment through the ICRC’s micro-economic grants, adding that 173 entrepreneurs received grants through the ICRC-Tony Elumelu Foundation partnership
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CSO Salutes Trump
A Civil Society Organization (CSO) under the aegis of Initiative for Leadership Development and Change (ILDC) has congratulated President Donald Trump as the 47th President of the United States of America.
Chief Ugochukwu Nnam, President of the CSO said this in an interview with the Newsmen in Abuja on Monday.
He expressed optimism over improvement on not just American economy but global economy with the inauguration of Trump.
“This is a man with greater vision of making environment around him great.
“In less than few hours of his inauguration, TikTok is back into existence, this shows how he is going to revive the world economy,” he said.
The ILDC boss who reiterated his confidence in Trump’s Presidency, described him as a man of clues and ideas to drive a stable America and the world at large.
He lauded Trump’s collaboration with global entrepreneurs like Elon Musk in an effort to revitalize America’s economy.
According to him, men and women of ideas flock together, they work together for better society and this is what Trump is doing.
Recall that Donald Trump became the 47th President of the U.S by polling 312 electoral votes Vice President Kamala Harris’ 226 votes in Nov, 2024.
Following the oath of office, Trump will address the nation before he is expected to parade across town to the White House and attend three inaugural balls in the evening
About 200,000 supporters are expected to visit the city to mark the presidential transfer of power.
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