Group sold 599,027 vehicles in 3rd quarter of 2021, a decrease of 22.3% French carmaker Renault said on Friday it expects a production loss of 500,000 vehicles this year due to a global semiconductor shortage and production shutdowns.
India is grappling with a shortage of vaccines as a new wave of infections grips the country. Several states and vaccination centers have reported an unfulfillable demand.
US domestic industries are struggling to keep up with demand for computer chips and semiconductors. The White House is offering billions in domestic aid to help boost production.
Despite a severe shortage of foreign exchange (forex), overseas education continues to drain the country’s resources, as Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, admitted $80 million weekly disbursements for personal travel allowances or payment of overseas school fees. The amount, which translates to $960 million yearly, is disbursed to banks to enable Nigerians to meet their forex responsibilities. This is after a recent report indicated that Nigerians spend £30 million (about N20 billion) yearly paying tuition in the United Kingdom alone while the country’s education system grapples with challenges of underfunding, poor remuneration, and obsolete teaching facilities.
Water shortage in Lagos: Water vendors smile to the bank
Meat markets, traders in Lagos lament shortage of beef
Farmers in Nigeria are currently shutting down poultries and other livestock hubs due to the scarcity and high cost of available commercial feed caused by a shortage of maize and soymeal.
Plights of IDPs: Shortage of food hits displaced persons in Edo
5 Feb 2017
Northeast food shortage - FG rules out famine, says prediction is false