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AgroBusiness Times

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Recession Worsens On N’Delta Crisis, Despite Agric Rebound

—Analysts: Nigeria in need of fiscal stimulus, reforms       —FG allays concern over worrying economic data           —Moody’s: Country to expand by 2.5% next year There seems to be no end in sight to Nigeria’s economic woes, as the third quarter real gross domestic product (GDP) growth data released […]

It’s Unhealthy For Universities To Generate Funds – Jega

Former chairman of Independent National Electoral commission (INEC), Prof. Attahiru Jega has said it is unhealthy for universities to be struggling to generate funds to carry out their mandates saying education is the only way Nigeria can get back from its current situation. Jega spoke during the higher educational summit Themed: “Exploitation Diversity, Different and […]

Nigerians Need Not Panic Over Famine Reports – Ogbeh

The minister of Agriculture, Chief Audu Ogbeh, has assured Nigerians that the federal government is working round the clock to avert any imminent famine in 2017. Speaking with journalists in Abuja at the weekend, Chief Ogbeh lamented that the Nigerian elite had distanced themselves from agriculture in the last five decades, since the discovery of […]

Dizengoff Farms Laments High Import Duty On Equipment

The Country Manager of Dizengoff Nigeria, Antti Ritvonen, has called on the government to review the import duty on some agricultural equipment especially the greenhouse equipment which is one of the trending agricultural technologies in the world. Ritvonen said greenhouse agricultural technology can help the country achieve its planned food sustainability and further create jobs […]

CBN Assures On Food Sufficiency

The Governor of the Central Bank of Nigeria (CBN) Mr Godwin Emefiele, says Nigeria is on the verge of being self sufficient in food production. The News Agency of Nigeria( NAN)reports that Emefiele spoke in Isa town, Sokoto State, on Saturday when he launched the 2016 Wheat planting season. “The journey to make Nigeria self […]

Coconut Farming As Huge Forex Earner

Cash crops have been creating millionaires, jobs and sustaining the economy of many nation around the world, just as coconut represents golden chance for Nigeria to rake in over $2.5billion annually. However, some cash crops in the country like cocoa, cashew, soybeans and others have also penetrated international markets, where the demand for these crops […]

PMB Tasks N/Delta Youths On Agriculture

President Muhammadu Buhari has urged the people of the Niger Delta region to shun illegal pipeline vandalisation and oil theft and seek wealth creation through peace and focus on agriculture for sustainable economic development and wealth creation. President Buhari,who was represented by the Minister of state for Agriculture and Rural Development, Senator Heineken Lokpobiri, made […]

2017 Famine: Tambuwal Urged FG To Buy, Store Excess Grains Now

Possibly worried by the news making the rounds that Nigerian is likely to face famine come 2017, Sokoto state governor, Aminu Waziri Tambuwal has advised the federal government to take very urgent and proactive measures capable of averting the challenge. Tambuwal, who insisted that, he cannot explain why Nigeria chooses to ban importation of grains, […]

5.2m Zimbabweans Face Food Crisis

As Zimbabwe grapples with drought, the United Nations said that at least 5.2 million citizens will face food shortages during in the first quarter of next year. The UN described the drought as the worst drought in 25 years, Africa Review said on Thursday. The 2013 population census put Southern African country at 14.15 million […]

AfDB Supports BOA With $1.2m

Prof. Danbala Danju, the Managing Director, Bank of Agriculture( BOA) says the African Development Bank ( AfDB) has provided a $ 1.2million grant for the repositioning of the bank. Danju told newsmen in Sokoto on Sunday, that the repositioning would enable the bank operate according to global standards. “Repositioning the bank established over 43 years […]

Commodity Price Between November 11, — November 17, 2016

Commodity Price Between November 11, — November 17, 2016 Market Commodity Wholesale Retail Last Week Variance   Measure Price(N) Measure Price(N) P/Kg(N) W(N) R(N) W(N) R(N) Bodija Market, Oyo State.               Drum Beans (Olotu) 100Kg 30,000 Congo 500 342 30,000 500 0 0 Garri (White) 60Kg 17,000 Congo 270 […]

ABU, Hungary To Generate 1.3 Tonnes Liquid Fertilizer Annually

The Ahmadu Bello University (ABU) Zaria has entered into an agreement with a Hungarian company Agrar-Biothanol to produce 1,333 tonnes of liquid organic fertilizer and 2.66 million litres of ethanol annually as well as 1.2mw electricity. When completed, the electricity produced would cater for thirty percent of the university’s electricity consumption, and enhance agricultural training […]

Dairy: Nigeria To Reduce Importation, Produce Locally

Nigeria is on its way to limiting importation of milk as it forms alliance with West African and European dairy farmers on local production. The alliance is expected to ensure that the demand gap for dairy products in the country is closed. This was made clear during a two- day roundtable hosted by Arla Foods […]

Recession: Experts advise FG not to lay all emphasis on agriculture

An agriculturist, James Idahosa says the Federal Government should develop the manufacturing sector concurrently with agriculture in enhancing the success of its diversification agenda. Idahosa said this in Abuja on Thursday that agricultural production must necessarily be accompanied with a functional processing and manufacturing sector. He said that this was the only way the country’s […]