World Bank: Malnutrition Costs Nigeria $2.5 Billion Annually
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How it started
What happened
A Chairman of the House of Representatives Committee on Nutrition and Food Security stated that malnutrition costs Nigeria more than oil pipeline vandalism and power outages combined. Citing the World Bank, the chairman reported that Nigeria loses $2.5 billion annually to malnutrition, which accounts for 12% of the country's GDP due to reduced productivity, healthcare costs, and lost potential. The chairman also noted that 32% of children under 5 are stunted, 7.1% are wasted, and 58% of women of reproductive age are anaemic.
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Why it matters
The findings frame nutrition as an economic issue rather than solely a social welfare concern. The chairman argued that investing in nutrition yields $16 in economic returns for every $1 invested. This highlights a massive economic drain on Nigeria's productivity and growth.
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Who's involved
- NigeriaThe sovereign state where the economic losses and policy discussions are centered.
- World BankThe international financial institution that provided the figures on Nigeria's economic losses.
- house of representativesThe legislative body of Nigeria where the committee chairman presented the findings.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- NigeriaSpeculative
Nigeria might face reduced GDP growth and increased healthcare costs due to systemic malnutrition.
How it developed
Newest first. Tap a step to see who reported it.- Politics focused on socio-economic life in Niger Delta in 1995.Sub-event
- The Nigerian House of Representatives delivered a speech calling for stronger food safety laws and enforcement.Sub-event
- Adebayo warns about foreign seed dependence in Nigeria while the House seeks to tackle malnutrition in the country.Sub-event
Historical data from 1995 showed Nigeria's malnutrition losses and the role of its legislature.1 source
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The entities involved
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Nigeria
sovereign state in West Africa
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World Bank
international financial institution
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house of representatives
general term for legislative bodies
Related events
- The housing deficit in Nigeria is being addressed, with the issue being discussed in the context of the African continent.
- The Central Bank of Nigeria (CBN) released a report detailing Nigeria's current economic performance.
- Riley Moore, representing West Virginia, is seeking accountability in Nigeria.
- The Association of Nigerian Authors held a convention in Abuja and urged the Nigerian government to address economic hardship.
- Federal government commits to strengthening Nigeria’s healthcare system through reforms.