$19bn Required Annually To End Hunger By 2030 – Report.
New research has indicated that all the developing countries including Nigeria require $19 billion every year from now for the world to be able to end hunger by the year 2030.
For the goal to be attained by 2030, the research, entitled “Ceres 2030: Sustainable Solutions to End Hunger” requires the developing countries to increase their annual budget commitment to agriculture while donors are also to double their current amounts of food security and nutrition assistance to about $9 billion from this year.
The research was published last week by Ceres 2030, an offshoot of a partnership of Cornell IP-CALS, the International Food Policy Research Institute (IFPRI), and the International Institute of Sustainable Development (IISD).
In Nigeria, the government appropriated N61.835 billion to agriculture and rural development in the current 2020 budget while in the 2021 budget proposals that were submitted to the National Assembly last week, N110.240 billion was proposed for the sector in a country of over 200 million population.
The estimate will cover three major categories of intervention and the breakdown shows $14 billion of the amount will go to the farm, $2 billion to move food to the markets, and the remaining $3 billion on social protection to empower those that are excluded.
If this amount is pooled, the research that was jointly undertaken by three bodies, said the money will boost the incomes of smallholder farmers around the world, and cut carbon emissions from agriculture to limit the effects of climate change.
The $19 billion estimates of the three-year efforts came from the computable general equilibrium (CGE) model led by, co-director of Ceres 2030, David Laborde, who is IFPRI Senior Research Fellow and a Theme Leader on Macroeconomics and Trade.
“Investments of about $14 billion are necessary yearly,” said German Minister for Economic Cooperation and Development, Gerd Müller.
“We found that donors need to target $9 billion out of the $14 billion on the farm, $2 billion to move food to markets, and $3 billion on social protection to help empower the excluded, “stated Ceres2030 co-director, Carin Smaller.
Co-chair of the Bill & Melinda Gates Foundation, Bill Gates, 2019 joint winner of the Nobel Prize in Economics, Abhijit Vinayak Banerjee, and Special Envoy for the 2021 UN Food Systems Summit, Agnes Kalibata were among those who offered their reflections on the research and joined the call for action on Sustainable Development Goal (SDG) 2, reaching zero hunger by 2030.
For Gates, the launch of the Ceres2030 last week with the support of the German Development Ministry and the foundation is a great step in the right direction. “Nothing on this scale has ever been done because we lacked the tools to analyze this complex information, but with the new research, solid evidence will drive better policymaking.”
Kalibata, Banerjee, and other speakers focused on various aspects of the Ceres2030 research and on a complementary research report by the Center for Development Research (ZEF) in Bonn, in cooperation with the U.N. Food and Agriculture Organization (FAO), including the need for inclusivity, reducing food loss, and partnerships among countries to reach the goal.
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