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State police will tackle food inflation – Lagos Food Bank founder reveals

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Founder/Executive Director of Lagos Food Bank Initiative, Dr Michael Sunbola, tells FELIX OLOYEDE how the not-for-profit organisation is helping Lagos residents overcome hunger

What inspired the Green Harvest Agri-food Initiative?

Green Harvest, of course, is an additional layer of the solution to hunger and malnutrition in Nigeria. On the broad spectrum, I’ve had a journey of being a humanitarian and a food system activist. That journey spans over 10 years already. What brought me to the development and humanitarian space still boils down to my childhood experience. And, of course, experiencing food insecurity, going to school, and not having lunch in school. And, of course, that kind of had an impact. In the sense that I was not interested in school; I felt I should be somewhere else rather than school. And I look at what impact that might actually be having on several families right now, several children. And, of course, that gave birth to the Lagos Food Bank, which then translated into serving families. And thereafter, the Green Harvest Agri-Food Initiative started to create a more sustainable pathway for beneficiaries to fend for themselves. Because we realise that the truth is we cannot distribute our way out of hunger. There has to be a more sustainable pathway for beneficiaries to fend for themselves, earn a decent income, become more economically viable, and grow healthy food by themselves while improving their income. So, that is what Green Harvest is about. I must also mention that Green Harvest focuses on curbing food waste.

Through the Agricultural Recovery Programme under Green Harvest, we partner with local farmers to recover surplus post-harvest produce. And then we, of course, have that redistributed to beneficiaries who are mostly in need of their daily meals. So instead of having a whole lot of food go to waste on the farms, what we do is partner with these local farmers and recover surpluses from them.

Do the farmers from whom you collect waste give it to you for free, or do you pay them?

We collect these items from them for a stipend. For instance, they might have sold a bunch of farm produce for maybe N500,000, and we pay them N50,000. Because instead of it going to waste, they could use that money to buy seedlings. So, it’s a stipend. It can’t be compared to the value. But if they don’t even get that, the entire produce goes to waste.

We see it as a way of supporting the farmers. So at least, it won’t be a total loss for them.

So, they can still buy seedlings; they can still do some basic things while we capture the rest and redistribute them.

How does this initiative plug into the initial objectives you had when you started the Lagos Food Bank 10 years ago?

The Green Harvest Agri-food initiative is the future of what we are doing at the Lagos Food Bank. Because we are now looking at food production, we are looking at empowerment for beneficiaries and getting them out of the hunger line. We are looking at also using the initiative to empower more families on a large scale. Also going to large-scale food production. So, most of what we are doing currently, while we understand it, still kind of focuses on interventions that are more into consumption. This focuses more on production, covering food waste and empowerment. We are also looking at smart agriculture. And some other innovations that are still coming in agriculture, like the Black Soldier Fly and all of that. All of it comes under Green Harvest Africa, Green Harvest Agri-Food Initiative.

In the short term, like five years, how much are you thinking of investing in this initiative?

In the next five years, I might not be able to give a specific figure for what would go into an investment. Because it is not a limited liability company, it is still a non-profit. But in terms of investment, we are still looking at how we are going to work with other development partners and how they can plug into investing. We might not be able to project value accurately, but we know we’ll be working with a lot of development partners.

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What size of farm are you targeting?

We, of course, are looking at having farms. Right now, we are starting in the South-West.

Oyo State, Ogun State and the like. And the idea is for us to kind of control the supply chain for Lagos Food Bank. And we call that backward integration, where instead of getting some of this food, buying it, we could actually be producing it and then also serving it. It’s more like an initiative that helps us control our supply chain and helps improve income for beneficiaries. Because we are controlling our own supply chain through backward integration, we are also going to work with beneficiaries to empower them to grow their own food through backyard farming. There’s one for Lagos Food Bank, and there’s one for beneficiaries, like decentralised kind of farming where beneficiaries have their own farm in their backyards. It’s all part of the Green Harvest Aagri-food Initiative.

The United Nations, one of its agencies, said about 35 million Nigerians are facing hunger. What do you think is responsible for this large number of hungry people in the country? And how do you think we can tackle it holistically?

Hunger in Nigeria is widespread. It boils down to economic policies, the high cost of living, and the cost of fuel and other essential commodities. And when people can barely earn enough to make a living and sustain themselves, it, of course, leads to hunger and poverty. The NBS report, I think in 2023 or 2024, corroborates the fact that more than 60 per cent of our population are multidimensionally poor. Poverty breeds hunger and hunger breeds malnutrition.

I know there are short-term plans and there are long-term plans. We still have to look, in the short term, at how we can create more economic opportunities for people to earn a decent living. And how can the government look at some of its policies that would, of course, have a long-term impact on reducing the economic burden on the average person? And then we need to invest more in agriculture. We need to look at opening the borders, reducing the cost of food, and empowering more farmers to produce more food. It’s a matter of demand and supply. Food inflation is around 25 per cent or so. And we have the overall food inflation and headline inflation basically. So, if we are looking at all of this put together, they are major drivers of the high cost of food basically. Food prices should be reduced so the average person can afford food and, of course, eat decently and nutritiously.

The Family Farming Programme, under the Green Harvest Agri-food Initiative, focuses on training households in farming techniques. What successes have you recorded so far?

So far, we’ve empowered close to 6,000 families, women and youth. Families or households? Women, basically women and youth.  Because women, of course, empower the family. They produce and help the families in the long run. We’ve done direct beneficiaries over 6,000. And as we speak, they have their farms in their backyards; they have livestock; they are growing vegetables. But mainly, much of the income they make comes from livestock. Chickens, snails and the impact of our backyard farming is widespread as we speak.

And we are able to partner with a number of corporate organisations and institutional developments and institutions as well to kind of scale the Backyard Farming Programme. This is one of the most impactful programmes we currently run under the Green Harvest Agri-Food Initiative. And of course, you can look it up where you see the impacts are there.

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The country still faces high post-harvest loss. How is the Agricultural Recovery Company of the Green Harvest working to rescue these losses?

So, essentially, we work with local farmers, smallholder farmers. And we also work with large-scale commercial farms to recover their surpluses, to cut food waste and to reduce the impact of the amount of food that goes into landfills. This, of course, drives climate change. But the most important thing is: how do we reduce food waste across the entire agricultural value chain? From the farmers, from the food processing companies, or from the entire value chain, basically. Food loss and waste happen across the value chain. And what we do is we partner with these farms. They call us, “We have excess; come and pick it up.” We do the cleaning, we do the harvesting, we do everything. Because we have the manpower to work with over 45,000 volunteers to achieve some of these recoveries from the farms.

We also work with corporates in large-scale food processing. They also call on us, and we can recover a lot of kilos.

Like last year, can you give me a figure of tonnes of food you were able to recover through this initiative?

Last year, working across the entire value chain with farmers and food processing companies, we were able to recover at least 45,000 kg. Yeah. No, kg. Could you convert this to tonnes and let’s see what we have? 45, to be small.

What is the black soldier fly all about?

Black soldier fly farming helps convert organic waste into livestock feed, using one of the most innovative agricultural practices. And working with smallholder farmers to support them with livestock feed. For us, it is still in the early stages. In the next two to three years, we ought to have scaled this black soldier fly farming so we can produce more livestock feed and convert more organic waste, helping farmers with livestock feed.

You once said there is a need for government to give tax incentives to corporates who support food, who make food available for people. Why do you think government should give incentive to them?

What the government can do basically is to provide as much incentive for corporates who have taken it upon themselves to provide through their corporate social responsibilities, some form of support for vulnerable people. And the way it is done in other climes, when the corporate organisations put their resources together, they get incentive, they get tax returns, and such support is not treated as an income or expense, and you don’t tax expenses. But here, a whole lot of corporates that still do corporate social responsibility, they struggle to get such incentive from the government and tax bodies do not exempt that expense. So, if it’s not exempted, it’s part of profit which will be taxed. But if it’s an exempted expense, then it will not be, that way, they can get their returns. They won’t bear the burden.

So, that is even the least we’re expecting that the government could do or work with an organisation like ours to give such relief or exemptions to corporates that are supporting. But just to kind of give a bit of context to what I said earlier, the government creates the enabling environment; it creates support for farmers; it creates economic opportunities for people to fend for themselves. And then gives enough incentive to those who support.

How is insecurity threatening some of your agricultural initiatives?

It means that our current production cannot meet the demands of our population. So, what that implies is that it becomes a major driver of high food costs or food inflation. Because I think our issue here in Nigeria is kind of complex, in the sense that we are not just looking at how to increase yields or farmers’ production; we are dealing with a calculated effort as a result of insecurity towards farmers. When they attack farmers, they are not just afraid to go to the farm; production drops, and demand rises. So, it’s a major driver, and I believe one of the things I feel I think is high time the government implement is the state police. They’ve been on it for more than, for over a decade; in fact, more than two decades. The conversation around state police, I think, is that it’s high time it should be implemented.

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It was part of the current government’s campaign promises, and I think we are overripe for it. Honestly, state police should be implemented and fully actioned so that people’s lives, property and farmers can be protected across borders. And the state should take responsibility for its security.

So, you are saying that state police will help curb insecurity among farmers?

Yes. There’s nothing the Federal Government has done unilaterally that it does as efficiently as it does when it is decentralised. Look at NITEL, look at electricity, etc. If it’s centralised, they don’t have the bandwidth to carry it because of our population. The same point applies to the police. Decentralise it; let the state take responsibility, and that will reduce and depopulate what we have on the exclusive legislative list and move it more to the concurrent list. Let the state take responsibility; let the Federal Government take responsibility. And then decentralise it; the effort is better felt that way.

What are the biggest opportunities and challenges for scaling up Green Harvest Agri-food Initiative nationwide?

The biggest opportunity for us still remains the partnerships we could leverage to scale our intervention across the country. The number of partnerships and how many, of course, people come on board, because we are not a business. We are a non-profit, so the only way we can scale is through partnerships, and because many people still need this empowerment and intervention, and the amount of food that still goes to waste across the entire value chain is massive. So, the opportunities are there.

What are the challenges?

The challenges are mainly limited funding, which still holds back how far we can go. As a non-profit, we can only work with partnerships. If there are no partnerships, there is limited funding. There is no funding, there is no impact. And another challenge could possibly be the fact that if we tend to kind of scale, if the issue of security is not addressed, we are still challenged in that; we are still in that particular pool of challenges that other farmers are facing.

How much support do you get from the government?

Currently, what we are doing is 100 per cent private-sector-driven. The government provides us much more support, but not in any financial terms. And to an extent, maybe personnel support. But finances, I can say categorically, not for now, but we are not foreclosing the possibility of working with the government in the future.

We believe we complement the government’s efforts to bring relief to people. And at the right time, we feel that if the government deems it fits, I think we should come on board. Of course, we have built enough capacity to help the government address the immediate and long-term needs of those in the line of work.

What is your vision for the Green Harvest Agri-food Initiative over the next decade?

Food production, empowerment on a large scale. So, we are looking at having at least a presence in all 36 states in Nigeria. And not just serving people directly, but empowering them and creating economic opportunities for families, for farmers. We also want to become a major player in Nigeria’s entire food system and ecosystem. We also want to be a major player in food production and humanitarian relief.

Source: punchng.com

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Revenue boom: World Bank faults states’ spending priorities, read full details

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The World Bank has criticised the spending priorities of Nigerian state governments, warning that increased revenues following recent economic reforms have not translated into proportionate investments in education, healthcare and social protection.

The global lender observed that although states had increased spending on essential public services, investments in transport infrastructure had grown considerably faster, even in states with poor human development indicators.

A Senior Economist at the World Bank Nigeria Office, Gloria Joseph-Raji, raised the concerns on Tuesday in Abuja during the launch of BudgIT’s 2026 State of States Report, themed ‘From Allocation to Impact: Rethinking State Spending Priorities.’

She said, “Spending on education, health, and social protection has also risen substantially, but it has not kept pace with the rapid growth in transport infrastructure spending, even in states with weaker human capital outcomes.”

Joseph-Raji explained that the bank’s October Nigeria Development Update, which examined budget implementation reports from all 36 states, found that governments had expanded transport infrastructure and reduced their debt burdens, particularly domestic debt, following increased fiscal allocations.

She attributed the revenue growth to petrol subsidy removal, exchange rate unification and improvements in tax administration since 2023, alongside federal intervention funds and the settlement of longstanding obligations to states.

According to her, the additional resources have enabled states to meet salary obligations and created opportunities for improved public service delivery.

However, she warned that excessive dependence on Federation Account allocations continued to expose state finances to fluctuations in federally shared revenue.

“In 2025, federation transfers accounted for more than three-quarters of revenue in all but a handful of states,” she said.

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She disclosed that federation transfers accounted for 73 per cent of aggregate state revenues between 2021 and 2025, excluding Lagos, while internally generated revenue was sufficient to cover recurrent expenditure in only two states.

Joseph-Raji noted that states received 26.72 per cent of net Federation Account revenues and now received 55 per cent of Value Added Tax revenue under the revised sharing formula.

Meanwhile, BudgIT’s Country Director, Vahyala Kwaga, disclosed that aggregate revenue across the 34 states covered in its comparative analysis rose from N4.99tn in 2022 to N15.53tn in 2025, representing an increase of N10.54tn.

He said FAAC allocations increased by more than 232 per cent, from N3.43tn to N11.38tn during the period.

Despite the revenue growth, Kwaga disclosed that the states had spent only N8.60tn, representing 24.4 per cent of their combined N35.22tn approved budgets, by June 2026.

“We must also examine how effectively they deploy the resources available to them, what they prioritise and whether their spending is delivering the outcomes that citizens need,” he said.

He explained that BudgIT had revised its assessment methodology to place greater emphasis on spending in education, healthcare, agriculture, water and sanitation, alongside revenue performance and debt sustainability.

Presenting the report, BudgIT’s Head of Research and Policy Advisory, Adejoke Akinbode, disclosed that total debt across the 35 states assessed increased by 10.41 per cent, from N10.57tn in 2024 to N11.67tn in 2025.

She identified Lagos as the most indebted state, with N2.9tn, while Osun spent N100.17bn servicing debt, equivalent to 28.6 per cent of its revenue.

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Akinbode said Lagos ranked first in overall fiscal sustainability, followed by Enugu, Bayelsa, Delta and Kebbi, while Cross River ranked last. Rivers was excluded because of inadequate fiscal data.

She urged states to reduce administrative costs, strengthen revenue collection and link borrowing to productive investments.

In her keynote address, an economist and lecturer at Amadeus University, Abia State, Dr Iboro Nelson, argued that rising government revenues had failed to compensate households for the economic hardship associated with recent reforms.

She disclosed that states collectively budgeted N1.32tn for healthcare in 2024 but spent N816.64bn, while education expenditure stood at N1.61tn against N2.41tn budgeted.

According to her, average annual spending per resident amounted to N3,483 on healthcare and N6,981 on education, equivalent to approximately N290 and N582 monthly, respectively.

“This is actually not fiscal space, but fiscal illusion,” she said.

Nelson blamed weak budget implementation, unrealistic expenditure projections, overlapping projects and excessive recurrent costs for the limited developmental impact of rising allocations.

Also speaking, a Programme Manager at the Ford Foundation’s West Africa Office, Joy Ehinor-Esezobor, urged governments to measure fiscal success by improvements in citizens’ lives rather than revenue growth or rankings.

“The ultimate measure of success should not simply be a better fiscal ranking, but better services and improved living conditions,” she said.

The programme is seeking to establish a framework for developing Nigeria’s underutilised small hydropower resources through private investment and public-private partnerships.

Source: punchng.com

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Otti woos US investors to Abia

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Governor Alex Otti of Abia State has concluded plans to bring investors, business leaders, policymakers, development partners, diplomatic representatives and entrepreneurs to the state to explore investment opportunities and strengthen commercial relations between Africa and the United States.

In a statement he signed and issued to newsmen on Sunday, the Chief of Staff to the Governor, Pastor Caleb Ajagba, disclosed that the Abia State Government had unveiled plans to attract American and other international investors to the state through the 2026 edition of the African Diaspora Conference and Expo, AFRICANDO, scheduled for this month.

Ajagba said, “AFRICANDO is a platform for translating international economic engagement into concrete investments and commercial partnerships. The state government is working with the organisers to ensure that the conference goes beyond speeches and networking to facilitate transactions, business agreements and sustainable investment.”

According to him, the 2026 edition, with the theme, “Deepening U.S.–Africa Commercial Ties in the Era of AfCFTA,” would connect investment opportunities in Abia and other African markets with American capital, technology, expertise and international distribution networks.

He added, “The African Continental Free Trade Area, AfCFTA, presents opportunities for African businesses to expand beyond their domestic markets, while international partnerships could help them improve production capacity and competitiveness.

“Abia is strategically positioned to benefit from the initiative because of its manufacturing and entrepreneurial base, particularly in Aba, which is known for indigenous manufacturing, commerce and craftsmanship.”

Ajagba added that Otti’s administration “is investing in infrastructure, strengthening public institutions and improving the business environment to position the state as a destination for private investment.”

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He explained that international delegates and prospective investors would be encouraged not only to attend conference sessions but also to visit strategic economic locations, manufacturing clusters, enterprises and government-backed projects to assess investment opportunities firsthand.

He said the approach was intended to give participants a practical understanding of the state’s economic potential and create opportunities for direct engagement with local businesses and relevant government agencies.

“AFRICANDO 2026 is not exclusively an Abia event. It is an international economic platform being hosted in Abia State,” he continued.

He listed agriculture and agro-processing, manufacturing, consumer goods, energy, financial services, healthcare, transportation and logistics, science and technology, artificial intelligence and emerging technologies among the sectors expected to receive attention.

A major feature of the conference, he said, would be a structured Deal Room and Investment Marketplace, where investment-ready projects from Abia and participating businesses would be presented to prospective investors.

Source: punchng.com

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Personal loans hit new high N1.99tn

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Nigerians’ outstanding personal loans increased by an estimated N58.5bn in the second quarter of 2026, reaching N1.99tn at the end of June, as households faced persistent inflationary pressures and high borrowing costs.

An analysis by The PUNCH of the Central Bank of Nigeria’s Second Quarter 2026 Economic Report showed that personal loans rose by 3.03 per cent from approximately N1.93tn recorded at the end of March.

The development came as total consumer credit increased by 3.26 per cent to N3.17tn from N3.07tn in the preceding quarter, representing an increase of about N100bn within three months.

The CBN stated, “Consumer credit outstanding increased by 3.26 per cent to N3.17tn, from N3.07tn in the preceding quarter. The increase reflected growth in both retail and personal loans, which rose by 4.10 per cent and 3.03 per cent, respectively.”

According to the report, personal loans accounted for 62.87 per cent of total consumer credit, while retail loans constituted the remaining 37.13 per cent.

This means that nearly N63 out of every N100 owed by consumers to financial institutions was classified as personal borrowing, highlighting its dominance in the consumer credit market.

Retail loans also increased by approximately N46.5bn to N1.18tn at the end of June, compared with an estimated N1.13tn in March, representing quarterly growth of 4.10 per cent.

Although retail loans recorded a faster percentage increase, personal loans contributed more to the outstanding stock of consumer credit.

The increase in personal borrowing occurred amid renewed inflationary pressures, which continued to affect household purchasing power.

See also  26 states lean on FAAC as wage bills outstrip IGR

The CBN reported that headline inflation rose to 15.91 per cent in June 2026 from 15.38 per cent in March, reflecting increases in the prices of essential goods and services.

The report attributed the development largely to higher energy and commodity prices associated with geopolitical tensions in the Middle East, which increased production and transportation costs.

These conditions placed additional pressure on household expenditure, particularly for consumers whose incomes had not increased sufficiently to offset rising prices.

However, the report did not establish whether the increase in personal loans was driven primarily by household financial difficulties, consumption needs or improved access to credit.

The growth in consumer borrowing also occurred despite elevated lending rates in the banking sector.

 

 

According to the CBN, the average prime lending rate declined marginally to 19.01 per cent in Q2 from 19.37 per cent in the preceding quarter.

In contrast, the maximum lending rate increased slightly to 34.37 per cent from 34.34 per cent, indicating that borrowing remained expensive for some categories of bank customers.

Although these rates reflect broader banking sector lending conditions rather than specific personal loan charges, they provide an indication of the financing environment confronting borrowers.

A recent report ‘Enhancing Financial Inclusion & Advancement’ noted that four in every 10 Nigerians borrowing from formal financial institutions now take loans mainly for consumption and coping needs, as rising financial pressures increasingly push credit away from productive activities.

The ‘2026 Access to Financial Services in Nigeria Survey’ revealed that 40.8 per cent of formal borrowers used loans for coping and consumption, up sharply from 31.7 per cent in 2023.

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The 9.1 percentage-point increase made coping and consumption the largest purpose of formal credit, overtaking productive enterprise borrowing, which fell from 40.2 per cent to 34.3 per cent during the same period.

Borrowing for household assets also declined from 25.2 per cent to 23.4 per cent. The report warned, “Coping/consumption purposes rose from 31.7 per cent to 40.8 per cent; productive purpose fell from 40.2 per cent to 34.3 per cent. We need to ensure that credit builds productive capacity and does not produce distress.”

Formal credit use increased from six per cent of adults in 2023 to 10 per cent in 2026, with about 11.9 million Nigerians borrowing from regulated providers. When informal sources were included, 36 per cent of adults had access to some form of credit.

Credit use among informally employed Nigerians tripled from five per cent to 15 per cent, while borrowing among people aged 18 to 35 rose from four per cent to 10 per cent. Business owners recorded an increase from four per cent to 10 per cent, while farmers rose from two per cent to six per cent.

Source: punchng.com

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