Agriculture

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Agriculture Uncategorized

Tinubu commends BOI for disbursing N636bn loans  in 2025

Abuja, Feb. 12, 2026 – President Bola Tinubu on Thursday commended the Bank of Industry (BOI) for increasing its loan disbursement to N636 billion in 2025. He described the amount as the highest in the history of the bank and a milestone which validated his administration’s economic reform agenda. According to a statement issued by Bayo Onanuga, the Special Adviser to the President on Information and Strategy, the N636bn disbursed by the bank in 2025 translated directly into productive capacity across Nigeria. He said the record disbursement demonstrated that ongoing …

Agriculture

NIRSAL approves N100bn credit guarantees in 2025

Abuja, Dec. 29, 2025 – The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NISAL) approved over N100 billion in credit guarantees for agriculture loans and investments in 2025. The company disclosed this in a statement on Sunday. It said the credit guarantees were approved for loans and investments in agriculture and agribusinesses across the country. NIRSAL said the credit guarantees had enabled partner financial institutions to extend credit to value chain activities that would otherwise fall outside their risk appetites. It described the achievement as a milestone since it …

Agriculture

Trump to unveil $12bn in long-awaited farm aid program

Washington, Dec. 8, 2025 – The Trump administration on Monday plans to unveil a long-awaited farm aid package, according to a White House official, offering $12 billion in assistance to a key base of support hit hard by low crop prices and the impact of the president’s tariff policies. The aid will include up to $11 billion in one-time payments to crop farmers under the Department of Agriculture’s newly designed Farmer Bridge Assistance program, while the remaining is reserved for crops not covered under the FBA, according to the official, …

Agriculture

Trump says Xi ‘pretty much’ agreed to expand agricultural buys

  Washington, Nov. 26, 2025 – US President Donald Trump said he urged Chinese President Xi Jinping to increase the speed and size of agricultural purchases and said Beijing had “more or less agreed” to do so. “I think he’s going to very much surprise you on the upside,” Trump told reporters aboard Air Force One on Tuesday. “I think he’s going to — I asked him, ‘I’d like you to buy a little faster, I’d like you to buy a little more.’ And he’s more or less agreed to …

Agriculture

FG to stockpile strategic food reserve to ensure food security, stabiles prices

  Kaduna, Nov. 6, 2025 – The Federal Government of Nigeria is to stockpile its Strategic food reserve to ensure food security and stabilize prices. Abubakar Kyari, the Minister of Agriculture and Food Security, said this in Kaduna on Thursday during a working tour of the state on the sideline of the 47th Regular Meeting of the National Council on Agriculture and Food Security. He assured farmers of the readiness of the federal government to address the challenges posed by the paradox of falling food prices in the face of …

Agriculture General News

FG to disburse N6.3bn interest-free loans to 21,000 flood victims

  Abuja, Oct. 13, 2025 – The Federal Government is to disburse ₦6.3 billion interest- and collateral-free loans to 21,000 Nigerians affected by recent flood disasters. Yusuf Sununu, the Minister of State for Humanitarian Affairs and Poverty Reduction, announced this in Abuja on Monday at a roundtable to mark the International Day for Disaster Risk Reduction. He said the gesture is part of efforts to cushion the impact of climate-related crises and strengthen food security According to him, each beneficiary will receive ₦300,000 to support recovery, particularly in agriculture and farming, which were severely impacted by flooding. …

Agriculture

NIRSAL unlocks N70bn in financing agriculture in 2025  

Abuja, Oct. 7, 2025 – The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) has facilitated over ₦70 billion in commercial financing for agribusiness as of the third quarter of 2025. It described the achievement its strongest annual performance since its inception in 2013. The company disclosed this in a statement signed by Jude Nnadozie, its Head, Corporate Communications, NIRSAL Plc. The statement said the result represented nearly a quarter of its cumulative ₦270 billion facilitated for agriculture and agribusiness to date, an achievement that underscores the impact of NIRSAL’s revamped …

Agriculture Uncategorized

Tinubu orders immediate measures to ensure food sufficiency, price reduction – minister

  Abuja, Sept. 11, 2025 – President Bola Tinubu has ordered immediate measures to ensure food sufficiency and price reduction across the country. Aliyu Abdullahi, the Minister of State for Agriculture and Food Security, said this on Wednesday at a workshop on parliamentary reporting for journalists in Abuja. He said the directive focused on ensuring the safe passage of farm produce across routes to cut logistics costs. “The President has given a matching order with a federal executive council committee already handling it on how we are going to promote …

Agriculture

Tinubu’s ban on export of raw shea nuts will position Nigeria for $3bn annual revenue – TSF

Abuja, Sept. 5, 2025 -The Tinubu Stakeholder Forum (TSF) has described President Bola Tinubu’s temporary ban on the export of shea nut as a game-changer that will reposition Nigeria as a global leader in value-added exports.  ‎It said the policy would not only boost shea butter processing, but also ensure improved foreign exchange earnings. The group made its observations in a statement signed by its Chairman Ahmad Sajoh and Secretary Danjuma Sada. ‎The statement reads: “This policy, conveyed by Vice President Kashim Shettima during a multi-stakeholder meeting in Abuja, demonstrates the …

Agriculture

FG to establish cattle breeding centres in each geopolitical zone – minister

Kaduna, July 30, 2025 – The Federal Government is to establish cattle breeding centres in the six geopolitical zones as part of its efforts to boost livestock production. Aliyu Sabi Abdullahi, the Minister of State for Agriculture, disclosed this in Kaduna on Wednesday at the second day of the citizens-government engagement and midterm assessment of the Tinubu administration. He stressed the need for inter-ministerial collaboration between the ministries of agriculture, environment, water resources, livestock development, and the blue economy is crucial to achieving the goals of the Renewed Hope Agenda. …