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The Ogun government on Monday explained why it approached the World Bank to secure a $350 million loan. The state Commissioner for Budget and planning, Mrs Aderenle Adesina, and her counterparts in Ministries of Education, Agriculture and Commerce and Industry at a press conference in Abeokuta, also dismissed claims that the House of Representatives Committee […]
Tony Ejinkeonye is the president of Abuja Chamber of Commerce and Industry and national vice-president of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA). In this interview with BusinessDay’s HARRISON EDEH, the business leader gives his thought on viable economic models that can support Nigeria’s industrialisation and revenue diversification. The federal […]
The Nigeria Government is to revive six fertilizer blending plants before the end of the year, through the Infrastructure Unit of its Sovereign Wealth Fund. The Managing Director of Nigeria Sovereign Investment Authority (NSIA), Mr Uche Orji disclosed this on Monday in Abuja when the Minister of Information and Culture, Alhaji Lai Mohammed paid him […]
The 2550 hectares of land secured for farming activities by the Kwara State government under its Off-takers Demand Driven Agriculture (ODDA) scheme have been oversubscribed by youth farmers in the State. The State Commissioner for Agriculture, Bamidele Adegoke, who disclosed this in Ilorin, expressed delight that more youth are showing interest in agriculture. He added […]
Keen to receive the Acting President Yemi Osinbanjo in Taraba State on Thursday, Governor Darius Dickson Ishaku at the weekend flagged off the construction of Wukari-Tsokundi road in the ancient Wukari local government area. The 30-kilometre road contract, awarded to a Chinese firm, Wiz China Worldwide Limited, costs N5.8 billion and is expected to be […]
Nestlé Nigeria’s says it is using its Sorghum and Millet in the Sahel (SMS) Project to improve livelihoods across the communities in which the company operates, a top official has said. Nestle’s Corporate Communications and Public Affairs Manager, Victoria N’dee Uwadoka, made the assertion while reviewing some farmers visit to the company’s factory at Agbara […]
An upsurge in commodity prices has pushed up the earnings of Okomu Oil Palm Company Plc as the firm continues to focus on cost containment with a view to bolstering margins. For the first six months through June 2017, Okomu Oil Plc’s net income surged by 73.53 percent to N6.23 billion from N3.59 billion earned […]
A lot of times, we are tempted to think entrepreneurship has to begin with one grand never-before-seen idea that will change the way we live forever. While that is true, what is also true is that at the core of entrepreneurship is solving problems and the easiest way to discover a problem, is to take […]
Europe is roiling under toxic eggs scare making countries pull eggs from the shelves and Netherlands poised to cull millions of chickens. Britain said 20,000 of the contaminated eggs have already been sold and consumed, according to the country’s Food Standards Agency. The eggs were imported between March and June, it said. The scare began […]
Non-oil export is generating controversy as some Nigerians argue that the export of agricultural produce like yam would create scarcity in the local market and lead to price hike. Some even argue that Nigerians don’t have enough of the agricultural produce to eat not to talk of exporting. But the Minister of Agriculture and Rural […]
The Rice Millers Association of Nigeria (RIMAN) has raised alarm over the smuggling of expired rice into the country and fraudulently selling it to unsuspecting customers as locally produced rice at exorbitant prices. This was revealed in a statement jointly signed by the association’s Chairman and Secretary, Peter Dama and Saifuddeen Abdulrahman respectively. “We have […]
Oluomo Oluwole Oluleye, an indigene of Efon Alaye, Efon Local Council, Ekiti Central Senatorial District, Ekiti State and a livestock farmer, is the Chairman, Daytin Ventures Limited Efon-Alaaye. He delved into the industry after a fulfilled career, which spanned over 33 years, from the National Productivity Centre, to the Petroleum Product Pricing Regulatory Agency (PPPRA), […]
The Acting President, Prof. Yemi Osinbajo has commissioned WACOTRice Limited’s state-of-the-art rice mill, with capacity of processing over 120,000 metric tonnes of paddy per annum. The N10b investment, sited in Argungu, Kebbi State, will also create over 3,500 direct and indirect jobs, as the company participates in the entire rice value chain, from seed multiplication […]
♦ Importation Is The Remedy-Toromade The maize industry is currently challenged by an array of diseases and pests, especially armyworm caterpillar, stem borers; and Corn earworms, among others, which have dealt deadly and devastating blows on maize plantations across the country. That the development is a serious threat to the country’s annual turnover of US$6b […]
The University of Ilorin and a Lagos-based company, Origin Group Nigeria Limited, have signed a Memorandum of Understanding (MoU) for the commercial production of honey through the university’s Apiary Unit. Speaking during the MoU signing ceremony, the Vice Chancellor of the University of Ilorin, Prof. AbdulGaniyu Ambali, commended the group for being the first company […]