What do you believe is the single most important factor driving up the cost of living in Nigeria?

As the world faces the rising effects of climate change, there is an urgent need to rally the population and governments towards promoting environmentally friendly farming practices (agroecology).

The challenge is pressing in developing countries, where industrial agriculture characterised by monocultures and the heavy use of synthetic fertilisers and pesticides poses significant threats to the environment, soil, and ecosystems.

These are part of the recommendations contained in the recently released ActionAid International's 2024 report, titled: How the Finance Flows: Corporate Capture of Public Finance Fuelling the Climate Crisis.

The report indicates that taxpayer money in developing countries is being extracted and given as subsidies to fossil fuel and industrial agricultural companies while some of it goes into terms of tax reliefs or tax exemptions.

It further shows that the industrial agriculture sector has benefited from publicly financed subsidies worth a staggering $238 billion a year on average, in the years between 2016 and 2021 globally.

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