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Nigeria’s average import bill in the first five months of 2017 reached about N588.1 billion per month. This is in contrast to what it was in 2005 when oil prices was about $50 per barrel for an extended period of time, and monthly average import bill was N12.4 billion. Governor of the Central Bank of […]
A report by Euro Monitor International titled, Nigeria’s Dairy industry, has identified growth prospect for cheese production in Nigeria. Cheese, popularly called wara, is a product of milk. The report stated: “Cheese in Nigeria is still a niche category, as no company in Nigeria is currently producing cheese. Although Nigerians do consume lots of unpackaged […]
The Chairman, Anambra Central Traditional Rulers’ Council, Igwe Chukwuemeka Ilouno, has advised community leaders and elders to re-orientate the youth toward self-employment drive through participation in agriculture and agro-allied businesses. Ilouno is also the Eze-Dunu of Ifitedunu community. Ilouno gave the advice when he spoke with newsmen in Enugu on Wednesday on the significance of […]
Messers Cellulant Nigeria has been selected by the Government of Afghanistan to come and implement the World Acclaimed eWallet system in its Agriculture sector. Afghanistan is the first country in Asia to adopt the eWallet System. The e-Wallet system was conceived in Nigeria, by Dr, Akinwumi Adesina the President of AfDB & Former Minister of […]
Media Trust Limited, the publishers of the Daily Trust titles, has entered into a partnership with some selected radio and television stations to ease access to information on agriculture among rural farmers. The partnership, is facilitated by ENABLE2 (Enhancing Nigerian Advocacy for a Better Business Environment phase II), a DFID-funded programme and being implemented by […]
The Kano State Government has expressed concern over the refusal of rice farmers to refund over N900 million loans which were advanced to them under the Anchor Borrowers’ programme. Prof Mahmoud Daneji, the Managing Director of the state Agricultural and Rural Development Authority (KNARDA), made the complaint at a news conference in Kano on Monday. […]
A Nigerian startup is developing the first agricultural commodities exchange in Africa’s most populous country to take advantage of the government’s efforts to boost farming output to reduce reliance on oil. The exchange, Integrated Produce City Ltd., will be located near the southern city of Benin, about 300 kilometers (186 miles) east of Lagos, Nigeria’s […]
About N6 billion is currently expended annually in foreign exchange on tomato imports, the Director General of the Raw Materials Research and Development Council (RMRDC), Dr. Hussani Ibrahim has disclosed. Speaking during the presentation of improved tomato seeds to vegetable farmers in Kaduan state on Tuesday, the DG said, “With an annual national domestic demand […]
The Central Bank of Nigeria has reviewed the Guidelines for Commercial Agriculture Credit Scheme (CACS), to enhance its effectiveness and further mitigate the risks faced by participating financial institutions in financing the agricultural sector. This revision affects Sections 16 and 17 of the Guidelines and introduces significant changes, including a requirement that henceforth, the Nigeria […]
The Bank of Industry (BOI) has signed an agreement with OXFAM for the disbursement of Two Hundred Million Naira (N200, 000,000) to OXFAM’s Village Saving and Loan Associations (VSLA) in Nassarawa, Benue and Plateau states. The funding was part of the Federal Government Enterprise and Empowerment Program (GEEP), aimed at strengthening the livelihoods capacity and […]
There was noticeable tension in Calabar, Cross River State, as the Minister of State for Environment, Ibrahim Jubril, handed over 145 snakes and reptiles to the University of Uyo, Akwa Ibom State, for scientific research. The reptilees were on transit to Europe, seized by the Nigerian Customs Service, after they were smuggled into Nigeria from […]
Farm mechanisation is one aspect of agriculture which has made agriculture easy, profitable and attractive to Nigerian farmers, especially the youths. The conventional ways of farming which are manual, have not yielded much result as people especially youths have dumped their hoes and cutlasses to seek white collar jobs, thereby leaving agriculture solely for the […]
The Nigerian Agricultural Insurance Corporation, NAIC, yesterday, assured flood affected farmers with valid documents of claims evidencing their insurance cover of succor. Onwawe Chukwuma, an officer of NAIC who represented the management at a ‘One Day Stakeholders’ Roundtable Workshop on Lowering Lending Risk to Micro, Small and Medium Enterprises, MSMEs, in the Agricultural Value Chain’ […]
The Coordinator of Nigeria’s foremost Broiler Out-grower scheme, ‘natnuPreneur’, Mr. Gbolade Adewole has affirmed the commitment of the scheme, to help boost supply of high quality locally bred chicken for consumption, and making quality chicken available and affordable. The natnuPreneur scheme is a broiler chicken outgrower scheme exclusive to natnudO foods, a subsidiary of Amo […]
Few weeks ago in Kebbi State, there was dramatic accusation and denial between Senator Adamu Aliero and Governor Aminu Bello Masari of Katsina State on the one hand and ministers of agriculture, Chief Audu Ogbeh and Finance, Kemi Adeosun on other about importation of over 300 metric tonnes of maize. While both the ministers of […]