Agriculture

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FG approves new measures to check malnutrition, food insecurity

Abuja, July 16, 2024 – The National Council on Nutrition (NCN) has approved new measures to address malnutrition and food insecurity in the country. Vice President Kashim Shettima, who is also the Chairman of the Council, announced this on Tuesday in Abuja at the end of the council meeting. He said the objective of the new measures was to improve the nutritional status of all Nigerians. Shettima called for active and proactive participation from all involved, including ministries, departments, agencies, development partners, and other stakeholders. “Our dedication to this Council …

FG distributes 740 truckloads of rice to states, FCT

Abuja, July 15, 2024 – The federal government has distributed 740 truckloads of rice to the 36 states and the Federal Capital Territory (FCT), Abuja. Mohammed Idris, the Minister of Information and National Orientation, disclosed this to journalists at the end of FEC meeting in Abuja on Monday. He said the distribution of the food items was part of the federal government’s intervention to alleviate the current food crisis. The minister said each state, including the FCT, was given 20 truckloads containing 1,200 bags of 25kg of rice. He appealed to …

Tinubu’s agric-mechanisation plan, others will ultimately guarantee food security – TMSG

Abuja, July 15, 2024 – The decision by the Federal government to purchase 2,000 tractors, 4,000 disc ploughs and other mechanised farming equipment is an indication of President Bola Tinubu’s commitment to delivering food security in the country in a short while. The Tinubu Media Support Group (TMSG) mde the observation in a statement signed by its Chairman, Emeka Nwankpa and Secretary, Dapo Okubanjo. The group also said the move was part of the multi-pronged approach by the Tinubu administration to stem the tide of food inflation in the country.  The …

Tinubu creates Federal Ministry of Livestock Development

Abuja, July 9, 2024 – President Tinubu has created a Federal Ministry of Livestock Development. He announced the new ministry in Abuja on Tuesday while inaugurating the Renewed Hope Livestock Reform Implementation Committee.  The setting up of the committee was sequel to the submission of a report from the National Conference on Livestock Reforms and Mitigation of Associated Conflicts in Nigeria. (GBN)

Cocoa Exports: Nigeria may lose $20bn if it fails to meet global standards

Abuja, July 9, 2024 – Rabiu Olowo, the Executive Secretary and Chief Financial Officer of the Financial Reporting Council of Nigeria, has advised the federal government to align with international processing and the reporting expectations on cocoa exports. He said Nigeria might lose over $20bn proceeds from cocoa exports within the next three years if it failed to align with international standards on cocoa exports. He said the loss might occur if the nation did not align with the sustainability adoption road map which will affect the processing and the …

FG suspends import duties, tariffs, taxes on food items for 150 days

Abuja, July 8, 2024 – The Federal Government on Monday announced temporary suspension of duties, tariffs, and taxes on some essential foods for 150 days. Abubakar Kyari, the Minister of Agriculture and Food Security, disclosed this at a press briefing in Abuja on Monday. He listed the affected food items to include maize, wheat, husked brown rice, and cowpeas. The minister said the move was part of the Presidential Accelerated Stabilization and Advancement Plan to achieve food security and economic stability in the country. He also said the government was …

Nigerian, Malawian win Afreximbank-FARA research awards

Nassau (The Bahamas), July 8, 2024 – A Nigerian, Umezuruike Opara and a Malawian, Richard Mkandawire, won the inaugural Afreximbank-FARA Research, Innovation and Competence in Agriculture (AFRICA) Awards. The African Export-Import Bank (Afreximbank) and the Forum for Agricultural Research in Africa (FARA) announced the winners of the awards. The award winners were presented with their awards in Nassau, Bahamas, on the sideline of the 2024 Afreximbank Annual Meetings (AAM2024) and AfriCaribbean Trade and Investment Forum (ACTIF). The awards honour individuals, groups, or established organisations that have made outstanding contributions towards improving …

U.S. GDP grinds lower in Q1

Washington D.C., June 27, 2024 – The US economy grew at a sluggish 1.4% annual rate in the first quarter of 2024, according to the Bureau of Economic Analysis’ latest estimate. This marks a significant deceleration from the robust 3.4% growth recorded in the previous quarter. This is the third estimate for Q1 GDP, incorporating more comprehensive data than previous releases. Upward revisions to nonresidential fixed investment and government spending were partially offset by a downward revision to consumer spending. The downward revision to GDP growth highlights potential headwinds for …

Nigeria has 30.2m agriculture households

Abuja, June 24, 2024 – Nigeria has about 40.2 million agriculture households, the National Bureau of Statistics (NBS) has reported. The NBS reported this in the latest edition of its National Agricultural Sample Census (NASC) 2022 released in Abuja on Monday. The census was conducted by the NBS in partnership with the World Bank, Federal Ministry of Agriculture and Food Security, and the Food and Agriculture Organisation of the United Nations. The report indicated that out of the 91 per cent of agricultural households that cultivated crops, 35 per cent …

Otti pledges to make Abia hub for fertiliser production

Umuahia, June 12, 2022 – Alex Otti, the Abia State Governor, has promised to make the state a hub for organic fertiliser production in Nigeria. Otti made the promise on Tuesday while receiving a group of Turkish investors who are willing set up organic fertiliser production plants in the state. He said he would do the all the needful to ensure the group achieve its objective, adding that there were enough raw materials in the state. “For us in Abia, we are very open for business. You know that when …