Climate-vulnerable indebted countries paying billions to rich polluters - NaijaAgroNet

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G20 nations have raked in nearly US$50 billion through debt repayments from the world’s poorest and most climate-vulnerable countries since the COVID-19 pandemic hit, according to new analysis by International Institute for Environment and Development (IIED), reports NaijaAgroNet.

Payments by 58 least developed countries (LDCs) and Small Island Developing States (SIDS) reached $21 billion in 2022 – up from $14 billion in 2021 and $13bn in 2020.

But despite the huge sums countries in the global South have spent on interest and capital repayments to the richest nations, G20 countries still held a total of $155 billion of bilateral LDC and SIDS debt in 2021.

The burden of debt on poorer countries has increased due to the global economic slowdown stemming from Russia’s invasion of Ukraine, COVID-19 and global price and interest rate rises. This has put many poor countries in increasingly critical positions, while forcing some to default and pushing others to the brink.

Smoking ovens help internally displaced fish processors in Cameroon - ITREALMS

NaijaAgroNet: ... Linking agrobiz, sustainable environs, people & technology

Sitting on the Logone River in the Far North region of Cameroon, right on the border of Chad, Logone-Birni has experienced more than its share of conflict and upheaval. The Boko Haram insurgency, which has been affecting the Far North region for nearly a decade, meant that many have suffered violence and disruption.

But in December 2021, violent clashes erupted once again. This time the conflict arose between inland fishers, ethnic herders and farmers over limited water resources, a result of climate change and declining rainfall. Tens of thousands of people were forced to flee for their lives.

Food security: Oyo to partner IITA - ITREALMS

NaijaAgroNet: ... Linking agrobiz, sustainable environs, people & technology

Oyo State governor, ‘Seyi Makinde, has expressed the readiness of his administration to collaborate with the International Institute of Tropical Agriculture (IITA) to ensure food security in the state.

Governor Makinde stated this on Tuesday, while receiving the Director-General of the IITA and CGIAR Regional Director, Continental Africa, Dr. Simeon Ehui and his team at the Courtesy Room of the Governor’s Office.