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Nigerian Investor Sets Up $135 Million Commodities Exchange

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 […]

‘N6b Expended Annually In Foreign Exchange On Tomato Import’

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 […]

CBN Revised The Guidelines For Commercial Agricultural Credit Scheme (CACS)

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 […]

A-Ibom Inaugurates C’ttee Over High Cost Of Garri

The Akwa Ibom State Government has set up a four-member Cassava Seed Multiplication Committee to interface with stakeholders in cassava value chain in order to scale down the soaring price of garri in the second planting season. The committee, which is also to maintain stock of cassava seeds for proper distribution in the state, has […]

BoI Partners Oxfam To Disburse N200m For Farming

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 […]

FADAMA III: 300 Youths, Women Undergo Training In Jigawa

The FADAMA III Project in Jigawa has trained 300 youths and women in agricultural entrepreneurship, as part of efforts to boost food production in the state. The state Project Coordinator, Alhaji Aminu Isa, stated this during an interview with the News Agency of Nigeria (NAN) in Dutse on Monday. Isa said that the beneficiaries received […]

Drama, As Minister Hands Over Snakes Smuggled From Cameroon To UNIUYO

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 […]

BATFN Spends N1bn To Empower Farmers In Rural Areas

The British American Tobacco Nigeria Foundation (BATFN) said on Monday that it has spent over N1 billion to empower farmers in rural areas to ensure sufficient farm produce. Mrs Abimbola Okoya, the Executive Director of the foundation, said this at the presentation of the NIS 9001:2015 Quality Management System of the foundation to Standard Organisation […]

Oyo, Ogun Cassava Farmers Adopt Mechanisation Through CAMAP Project

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 […]

Osun Commences All Year Round Farming Through Solar-Powered Irrigation

In line with its diversification programme and part of efforts to make Osun state the food basket of the West, the Osun State Government has embarked on all year round farming through massive irrigation system. The initiative was aimed at fulfilling one of the six-point integral action plan of the present administration, which is to […]

NAIC Assures Flood Affected Farmers Over Claims

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’ […]

Angola To Produce Canned Food

The Angolan market gained recently two canned food plants of tuna, sardines and horse mackerel, which can soon be exported to the European market, said Friday the Fisheries minister, Victoria Barros Neto in Tômbwa Municipality, south-western Namibe Province. With the rehabilitation of these food plants the country will have on the domestic market canned food […]

Mozambique Harvests Its First Genetically Modified Maize

Mozambique’s Institute of Agricultural Research (IIAM) is harvesting its first genetically modified maize (GM maize), which has been grown in a test field of Chókwè research station in the southern province of Gaza. According to the daily paper “Diario de Mocambique” the aim is assist the productive sector with drought resistant and insect tolerant seeds […]

Snake Smugglers Disappear From Custody In Calabar

Two persons, suspected to have smuggled 145 poisonous snakes and other tropical rainforest reptiles from Cameroon to Nigeria, have disappeared from the custody of the Nigerian Agricultural and Quarantine Agency in Calabar, the office they were handed over to by the Nigerian Customs Service along with their consignment. Mr. Ibrahim Jubril, the Minister of State […]

$35 Billion Food Importation Into Africa

As important as food is to the family, nation and the African continent, how much commitment is there to its availability in sufficient quantities, and acceptable quality as well as at affordable prices? The recent experiences in Somalia and South Sudan where negative impacts of insufficient or total absence of food are manifest, speak loudly […]