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AgroBusiness Times

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Katsina Govt Partners CBN, Unveils Marshal Plan For Rice Production

Katsina State Government has keyed into the Central Bank of Nigeria (CBN) Anchor Borrower Programme (ABP) for rice production in dry season highlighting the state Marshal plan to tackle challenges currently facing the agricultural sector, including its vision for adequate rice for local consumption and eventually for export. At the launch of the programme at […]

Plastic Rice Not Plasticized, But Unsafe For Consumption – NAFDAC

The National Agency for Food Drug Administration and Control (NAFDAC) has confirmed that the 102 bags of rice seized by Customs operatives earlier this month is unsatisfactory for human consumption due to contamination by microorganisms even as they have clarified that they are not plasticized. The NAFDAC Acting Director-General, Mrs Yetude Oni made this confirmation […]

Agric Agency Budgets N73.54m For Local Travels

The National Agricultural Seeds Council (NASC) has budget a sum of N65million to be spent on local travels and transport for training purposes in 2017. Similarly, another N8.54 million was set aside for local travel for other purposes other than training. The agency which is charged with the overall development and regulations of the national […]

Lagos Reviews LAKE Rice Sales, Assures Of Availability

The Lagos State government has again assured residents of the availability of LAKE Rice at designated outlets across the State. The Commissioner for Agriculture, Toyin Suarau, gave this assurance yesterday while reviewing sales reports of the product from retail outlets and centres. Suarau said the government was working assiduously to ensure availability of the product […]

CBN, Heritage Bank Offer N2b Lifeline To Triton Aqua

The Central Bank of Nigeria (CBN) in partnership with Heritage Bank Limited has provided a N2 billion long-term facility, under the Commercial Agriculture Credit Scheme (CACS) to Triton Aqua Africa Limited (TAAL). The move was part of efforts to support the real sector and unlock food and wealth creating potentials in the nation’s agriculture sector. […]

‘Agric Production Systems In Nigeria, Others Need A Radical Change’

Agric production, Regardless of the approach or transformative pathway chosen to change food systems and trade regimes, African countries need to undertake radical change in agricultural production systems, adopt agribusiness and promote regional agricultural value chains as a vein for regional integration. This was the view of the Director of the United Nations Economic Commission […]

Farming Becoming Money Earner For Bakassi IDPs

The Internally Displaced Persons (IDPs) in Bakassi, who had lived their lives as fishermen, are embracing farming, as a new occupation. They say it is helping them pick up the pieces of their lives after they were displaced from their ancestral home to Cameroon. Channels Television’s correspondent, Imani Odey, visited a farm at Akwa Ikot […]

Kaduna Residents Plead With Govt. To Intervene In Food Price Hike

Ahead of the Christmas celebration, residents of Kaduna state, northwest Nigeria lament over the hike in cost of food items and other commodities needed to make the occasion a memorable one. While some residents complained that prices of essential commodities have gone up, traders on the other hand groan over low patronage. The Sheikh Gumi […]

Plastic Rice Seized In Nigeria

Nigeria has confiscated 2.5 tonnes of “plastic rice” smuggled into the country by unscrupulous businessmen, the customs service says. Lagos customs chief Haruna Mamudu said the fake rice was intended to be sold in markets during the festive season. He said the rice was very sticky after it was boiled and “only God knows what […]

Ambode, Bagudu launch Lake Rice In Lagos

Lagos State Governor, Mr. Akinwunmi Ambode and his Kebbi State counterpart, Alhaji Atiku Bagudu on Wednesday launched the much anticipated Lagos-Kebbi Rice christened LAKE RICE, saying that the partnership which culminated into the launch was not only designed to ensure food security but showcase the ability of Nigeria to become a producing nation. Speaking at […]

Obasanjo Visits Obaseki, Wells Farm To Boost Edo Economy

Edo State Governor, Mr. Godwin Obaseki on Tuesday received in audience, former President Olusegun Obasanjo and Billionaire businessman, Capt. Hosa Okubor, as part of government’s efforts to create conducive business environment in the state. A government house statement by the Chief Press Secretary, Mr. John Mayaki, said Obasanjo was in Government House to give his […]

How Technological Innovation Can Revolutionalise Nigeria’s Livestock Sector

Over the years, the Nigerian government has not given the livestock sector appropriate official recognition and support despite contributing 6-8 per cent of the Gross Domestic Product (GDP) and 20-25 per cent of the agricultural GDP. Trade in livestock and allied products runs into billions of naira yearly, with millions of people ranging from transporters, […]

50kg Rice Not N8,000 in Ebonyi, Says Miller

The Chairman of Abakaliki Rice Mill Company Limited, Mr. Joseph Nnunnu has denied reports that a 50 kilogramme bag of local rice sells for N8,000 in the Ebonyi State capital. Following a recent visit by Agriculture minister, Audu Ogbeh and Central Bank Governor Godwin Emefiele with some members of the presidential task force on rice […]

Banks to Invest N30bn in New Agric/SME Fund

The Bankers Committee said that banks will contribute about N30 billion of their profit after tax in a newly created Agriculture/Small and Medium Enterprises, SME, fund, designed to support the funding and access to finance by SMEs and primary agriculture. These were part of a series of measures taken 8th annual Bankers Committee retreat to […]

Ogun Honours IITA, AATF, Bill & Melinda Gates For Commitment To Agriculture

The International Institute of Tropical Agriculture (IITA), African Agricultural Technology Foundation (AATF), and the Bill & Melinda Gates Foundation were honored by the Ogun State Government for their work on agricultural transformation in the state and Africa. The state Governor, Senator Ibukunle Amosun presented plaques of honor to the three institutions during a courtesy visit […]