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Nigeria is set to introduce genetically modified crops into the country’s farming system starting 2017 with the commercial release of the home-grown genetically modified cowpea (beans), which Institute for Agricultural Research, ABU, Zaria worked on in the last 13 years. Also next year, the country is expecting the research on Bt. Corn and Cotton for […]
With success stories of good harvests this year, and import restrictions which resulted in competitive prices for farm produce, farmers are warming up to expand their production nationwide. Aisha Mohammad, the public-private partnership officer of FADAMA III, Additional Financing, in Niger State said they are encouraging farmers to produce more food for the country. “We […]
The Union of Tomato Paste Manufacturers in Nigeria has said the once vibrant tomato industry might stop existing in 2017 if the Central Bank of Nigeria (CBN) does not amend its policy on forex to exclude triple concentrate tomato paste from the scope of the 41 items under the restricted list. The union, through its […]
Bauchi State government has launched the Anchor Borrower’s Scheme with 20,000 farmers that registered for the scheme. The scheme was initiated by the federal government through the Central Bank of Nigeria (CBN) as an agricultural intervention to help farmers boost production Governor Mohammed Abubakar officially launched the scheme in Bauchi State at Gadar-Maiwa town. Speaking […]
Market Commodity Wholesale Retail Last Week Variance Measure Price(N) Measure Price(N) P/Kg(N) W(N) R(N) W(N) R(N) Ajah Modern Market, Lagos State. Drum Beans (Olotu) 100Kg 39,500 Paint Bucket 1,700 445 38,500 1,600 1000 100 Garri (White) 60Kg 7,500 Paint Bucket 700 233 7,500 700 0 0 Maize (White) 100Kg […]
Cotton, one of the nation’s most valuable export tree crops before the oil boom of the 70s, is gradually becoming history in Nigeria despite the potential to have a share in the estimated $3 trillion global textile industry. From the 1960s to late 1980s, about 176 textile companies were active in Nigeria when Kaduna, Kano […]
The Federal Government has kick started the Agricultural Policy through the launch of a N10 Billion Women in Agriculture Environment Impact Fund (WAEIF) in Abuja to achieve some key targets among which is using women to unlock food security potentials. While declaring the launching of the fund open, President Muhammadu Buhari, represented by the Minister […]
The President Muhammadu Buhari-led administration’s efforts to diversify the nation’s economy, have led to a significant boost and patronage of made-in-Nigeria products as well as Small and Medium Enterprises (SMEs), an entrepreneur, Mr. Nnanna Ibemgbo has said. President Buhari has consistently maintained that a strong manufacturing sector and SMEs will create more jobs and wealth […]
In 2050, when the population of Africa is two and a half times larger than now, the continent will scarcely be able to grow enough food for its own population. Even if much higher yields are achieved on all current cropland, further expansion into uncultivated areas is likely and very risky due to biodiversity loss […]
The Nigeria Cassava Growers Association (NCGA) has appealed to the Federal Government to encourage flexible agricultural policies to boost cassava production in the country by 2017. Mr Segun Adewumi, the National President of the association, made the appeal while speaking with the News Agency of Nigeria (NAN) in Abuja on Monday. Adewumi said that such […]
Soybean prices soared Tuesday while corn and wheat gained on dry South American weather and short covering following losses last week, according to analysts. Meanwhile, USDA reported a double-digit jump in yearly exports across the board. January soybeans soared 25 ¾ cents at $10.14 ¾ after dropping below $10 last week. March corn jumped 9 […]
President-elect Donald Trump and his team have created a new office in his administration to focus on the industrial sector. The newly created ‘White House National Trade Council’ will be responsible for policies to promote domestic manufacturing. The head of the office is Peter Navarro, a critic of China’s trade policies. In one book he […]
An egg market analyst says the global outbreaks of avian influenza could give US egg producers a much needed price boost. Brian Moscogiuri with Urner Barry says when the US lost 11 percent of its egg production other countries stepped in to fill that market opportunity. “We actually saw the European market benefit with prices […]
For Nigeria to put an end to importation of fish and other aquaculture produce, the Federal Government needs to lift restriction placed on all water bodies, especially underutilised Dams across the country, for easy access to farmers. The Minister of Agriculture and Rural Development, Audu Ogbeh, recently disclosed that government is planning to open up […]
• Lagos Empowers 315 Women, Youth In Agric Value Chains The Commercial Agriculture Development Project (CADP) said it has disbursed 73 per cent of the World Bank assisted funds to commercial farmers in the benefitting states, to help the country become one of the world’s food exporters again. Speaking during the 13th CADP (4TH RCADP) […]