Despite the Federal Government’s campaign for economic diversification and export promotion, there is growing exporters’ apathy due, among others, to logistic difficulties at exit points. While the availability of supply is not in doubt, the bureaucratic bottlenecks at the airports and alleged extortions by a legion of government officials have more or less made the […]
Farm settlement was a government intervention scheme initiated to promote efficiency in the utilization of land resources and dignity in farming through provision of infrastructure.
LAPO Microfinance Bank (MfB) Limited, has disbursed over N20 billion as agric loan to micro and small enterprises engaged in livestock, arable and tree crops farming, as part of efforts encouraging federal government’s diversification plan. Managing Director, Lapo MfB, Mr. Godwin Ehigiamusoe, stated this at a Forum, where he revealed that the bank has so […]
Stanbic IBTC has said it plans to increase its allocation to the agricultural sector given the importance of the sector to job creation and economic prosperity and growth. The CEO, Stanbic IBTC Holdings Plc, Mrs. Sola David-Borha, made the commitment at the 2016 Stanbic IBTC Business Leadership Series in Lagos. David-Borha said financing remains a […]
The story of Nigerian agriculture is embedded within the country’s political history. Nigeria had a predominantly agricultural economy in the hundred odd years spent under British colonial rule and well into its first decade of independence. In the 1960’s, Nigeria was the world’s second largest producer and exporter of cocoa, the largest exporter of palm […]
Rice importation into the country is to end next year, the Minister of Agriculture and Rural Development, Chief Audu Ogbe, has assured. He spoke at a joint Anchor Borrowers rice farm inspection with the Governor of the Central Bank of Nigeria (CBN) Mr. Godwin Emefiele and the Governor of Niger State, Alh Abubakar Bello, at […]
Vice President Yemi Osinbajo has said that over 800 suspected herdsmen have been arrested by the security agencies. Prof. Osinbajo made this disclosure, Friday at a Townhall event in Houston, Texas in the US where he interacted with US-based Nigerians. The Vice President at the well attended townhall meeting moderated by Mr. Rudolf Okonkwo of […]
As part of measures to accelerate Federal Government’s sustainable growth policies on Rice production in the country, AfricaRice, pan African intergovernmental agricultural research center has provided 50 Rice Farmers with modern mechanised technology training.28 of the benefiting youths were trained with the use of locally fabricated Rice threshers, while others specialised in the maintenance of […]
The future of Nigeria lies in developing enterprises in the form. Growing the agricultural sector can rapidly increase industrialisation that can simultaneously create jobs and wealth. A report released recently by the Alliance for a Green Revolution in Africa (AGRA) indicated that countries which paid intense attention to farmers and food production in the past […]
• ‘700 trailer loads of grains leave Nigeria daily’ The Federal Government has disclosed plans to commence buy-back from farmers at a guaranteed minimum price, to check rising prices of food items in the market. The Minister of Agriculture and Rural Development, Audu Ogbeh, who disclosed this to journalists in Abuja said that on a […]
The Federal Government has commenced training 120 Nigerians across the 36 states on the fabrication of agro-processing machines, to serve as a catalyst for agricultural revolution in the country. The scheme, rolled out through the Federal ministry of Agriculture, is aimed at spreading the skill so acquired and imparting same to other interested Nigerians. Yesterday, […]
Against the backdrop of economic diversification, the Kano State government has entered into talks with a United Kingdom based cotton processing company. This was disclosed by the Commissioner of Agriculture and Natural Resources, Dr. Nasiru Yusuf Gawuna, assured that the state is making every move to improve cotton production in the state. “We are aiming […]
• Forex crisis, recession hike rates for traders, manufacturers • We still fund real sector, say lenders Banks are taking their scarce assets to governments as foreign exchange crisis and economic recession threaten return of investments. Lending rates to different sectors of the economy for the month of September as published by the Central Bank […]
Commodity Price Between October 21, — October 27, 2016 Market Commodity Wholesale Retail Last Week Variance Measure Price(N) P/Kg(N) Measure Price(N) P/Kg(N) W(N) R(N) W(N) R(N) Bodija Market, Oyo State. Drum Beans (Olotu) 100Kg 30,500 305 Congo 500 342 31,000 500 -500 0 Garri (White) 60Kg […]
The Miyyati Allah Cattle Breeders Association, Kebbi Chapter, has appealed to the state government to establish additional earth dams and expand grazing reserve areas in the state. The state Chairman of the association, Alhaji Muhammad Dan-Ali, made the appeal in an interview with the News Agency of Nigeria (NAN) in Birnin Kebbi on Friday. “The […]