The report said 31.5 million people, including 83,846 IDPs, in 26 states and the FCT are expected to be in a food crisis between June and August 2024.
The naira dipped to N1,600 against the dollar on Thursday as Nigeria’s economy continues to hurt under President Bola Tinubu’s watch.
Mr Fayose’s statement comes in the wake of naira free fall against the dollar.
The naira depreciation caused the currency to fall further to N1,520.123 to a dollar, data from trading platform Naira Rates revealed Wednesday.
Against a basket of currencies, the U.S. dollar eased slightly by 0.08 per cent to 102.22.
The alarming depreciation, as published by Aboki FX, casts a shadow of uncertainty over the nation’s economic stability.
The naira on Tuesday appreciated against the dollar as it exchanged at N745.19 at the Investors and Exporters window.
The PDP lamented that the naira, “which exchanged for N187 to the dollar under the PDP” had fallen to N1000, and fuel which sold at N87 per liter now sells for over N600.
The currency value has sunk to critical depths for those trying to access it at the parallel market, where most foreign exchange transactions are conducted in Nigeria.
The local currency gained by 4.06 per cent compared to the N773.50 it exchanged against the dollar on Monday.
