Officials of both Bank of Agriculture and Central Bank of Nigeria (CBN) are battling to explain to Adamawa State Government the disappearance of over N265.7m meant for Anchor Borrowers programme in the state. The apex bank and Bank of Agriculture, Yola branch; are being accused of diverting the money to commercial banks and fixing them […]
Minister of Agriculture, Chief Audu Ogbe, Thursday sought the assistance of the Senate to review the export prohibition law to enable the country export certain food items including yam and goat meat. Ogbe told the Senate Committee on Agriculture and Rural Development that the country cannot export certain agro-products because of the law prohibiting their […]
Global hunger has fallen more than a quarter since 2000, but conflict and climate shocks are beginning to reverse these gains, an annual global hunger index said on Thursday. Nearly half of the 119 countries surveyed had “serious”, “alarming” or “extremely alarming” hunger levels between 2012 and 2016, with war-torn Central African Republic worst affected, […]
•Explains why country keeps borrowing •Advises CBN to deepen forex market Nigeria needs a new policy on taxation in view of its very low level of revenue mobilization capabilities, the International Monetary Fund’s (IMF’s) Director of African Department Abebe Selassie said yesterday He told reporters at the ongoing IMF/World Bank Annual Meetings in Washington, D.C, […]
The country has earned about 307.5 million dollars from the export of sesame in the past fiscal year- the lowest in five years. Hoping there will be no further decline, the Ministry of Agriculture & Natural Resources (MoANR) plans to uplift the revenue from the export of sesame by 16pc in the current fiscal year. […]
Zimbabwe is facing a serious fertiliser shortage, amid revelations that an additional US$60 million is required for importation of raw materials to manufacture adequate stocks outside the US$56 million the country recently secured through an arrangement with the African Import and Export Bank (Afreximbank), an industry representative has revealed. Last week, the Reserve Bank of […]
In order to promote the production of rice in Ogun State, especially the ofada species, Governor Ibikunle Amosun has disclosed that he has approved the acquisition of three rice mills by the state. He said the state is known for rice production, adding that the state is working hard to ensure that rice produced in […]
National Biosafety Management Agency (NBMA) has donated some food items and relief materials to victims of terrorism and insurgency in the country. The Director General/Chief Executive Officer of the NBMA, Dr Rufus Ebegba, while handing over the items to the Executive Director, Victims Support Fund (VSF), Sunday Ochoche in Abuja today (12th sept), said the […]
Waheed Olagunju, Executive Director, Small and Medium Scale Enterprises (SMEs), Bank of Industry (BoI), has said if the per capita income of the country is to make meaning to the population, the nation must start with agriculture and continue to build on agriculture. He added that Nigeria is more of an agrarian country than an […]
The Federal Government has shown commitment to support agriculture, as it is currently supporting Niger Delta ex-militant, Mr Paul Eris, popularly known as General Ogunboss, in rice production in Southern Ijaw Local Government Area of Bayelsa State. The Federal Government ,through the Ministry of Agriculture matched words with action by providing 320 paddies in the […]
The Managing Director and Chief Executive Officer of the Bank of Agriculture (BOA), Kabir Mohammed Adamu has said N37,449,480,101.02 equivalent to 78.4 percent of the bank’s current loans portfolio is in default. According to him, the bank’s current loan portfolio is N47,212,810,354.05 to Micro, SMEs and large scale both on agricultural and nonagricultural beneficiaries out […]
The President of the Biotechnology Society of Nigeria (BSN), Prof. Benjamin Ewa Ubi, and the Chairman of the Federation of Agricultural Commodity Associations of Nigeria (FACAN), Mr. Musa Labaran Wamba, have expressed preparedness to partner with Contec Global Agro limited (CGAL), a multinational agro solutions/inputs provider, for increased agriculture production in the country. The Chairman […]
The Nigeria Incentive Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) has signed a partnership agreement with two leading Moroccan agricultural insurance and re-insurance companies, Mutuelle Agricole Marocaine D’Assurances (MAMDA) and MAMDA Reassurance respectively to expand the range of agricultural insurance products and coverage in Nigeria. The partnership is designed to enable the exchange […]
Nigeria and Brazil thursday in Abuja explored an inter-ministerial framework for partnership on food security. The Brazilian delegation, led by Minister of External Relations, Aloysio Nines Fereirra, and the Minister of Agriculture and Rural Development, Chief Audu Ogbeh, discussed the cooperation on the occasion of the 2017 World Food Celebration. The meeting had in attendance […]
In June, the Minister of Agriculture and Rural Development, Mr Audu Ogbe, flagged off with fanfare the first batch of 72 tonnes of yams being exported to Europe and America from the shores of Nigeria. It was another bold step to expand the base of our foreign exchange earning beyond crude oil. Sadly, that experiment […]