Agriculture

Showing: 101 - 110 of 115 Articles

Osinbajo inaugurates Kano River Irrigation Scheme

Abuja, May 12, 2023 – Vice President Yemi Osinbajo has inaugurated the multi-billion-naira Kano River Irrigation Scheme (KRIS) which will serve at least one million residents in Bunkure Council Area of Kano State. According to a statement by Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, Mr Laolu Akande, the scheme is a component of the Transforming Irrigation Management in Nigeria Project (TRIMING). Speaking at the inauguration of the scheme, Osinbajo said: “the Project is an innovative approach adopted by the Federal Government, …

Prices of food items rise across the country – NBS

Abuja, May 3, 2023 – The National Bureau of Statistics (NBS) has reported that prices of food items such as yam, beans and beef witnessed increases in March. The was reported by the NBS Selected Food Prices Watch Report for March 2023 released in Abuja on Wednesday. The report said the average price of 1kg beef boneless on a year-on-year basis, increased by 25.05 per cent from N1, 982.92 in March 2022 to N2, 479.61 in March 2023. “On a month-on-month basis, 1kg beef boneless increased by 1.38 per cent …

Ecobank collaborates with IITA to train, support 16,000 youths on agriculture

Lagos, March 14, 2023 – Ecobank Nigeria Limited is partnering with the International Institute of Tropical Agriculture (IITA) to train and provide support services to 16,000 Nigerian youths on wealth creation through agriculture. The training is targeted at young Nigerians between the ages of 18 to 40 years and will cover key areas like poultry, aquaculture, horticulture, and value addition. Announcing the training partnership in Lagos, Ms. Ayo Osolake, Head, Public Sector and Agricbusiness said the training was designed for both digital and physical audiences and was structured into phases. The …

Anchor Borrowers’ loans repayment stands at 52.39% – CBN

Abuja, March 6, 2023 – Farmers who took loans under the Anchor Borrowers Programme (ABP) of the Central bank of Nigeria (CBN) have repaid 52.39 per cent of the loans. The farmers had repaid N0.503 trillion, remaining the balance of N0.119 trillion not due for repayment as at Feb. 2023. The Anchor Borrowers’ Programme (ABP) was introduced by the CBN in 2015 as part of its intervention funds to farmers. Dr. AbdulMumin Isa, the CBN Acting Director, Corporate Communications Department, said the CBN had released total of N1.079 trillion to …

ECONOMIC AGENDA FOR INCOMING ADMINISTRATION

By – DR MUDA YUSUF The Nigerian economy is in a stumbling and fragile state and in dire need of a new direction.  The political transition offers a great opportunity to chart a new course. ECONOMIC GOVERNANCE The administration should establish quality economic governance consistent with tested economic principles and empirical evidence, and contextualized within socio-economic peculiarities. This is critical from the onset of the administration for signaling and investors’ confidence. Good economic governance framework would entail the following: FOREIGN EXCHANGE POLICY REFORM OIL AND GAS SECTOR REFORM OIL AND …

Cattle breeders condemn govt’s silence on ‘killing’ of 40 pastoralists

Lagos, Jan. 28, 2023 – The Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) has condemned the silence of the government on the ‘killing’ of over 40 pastoralists and butchers in Nasarawa State on Jan. 26. 2023. According to a statement issued by the association on Saturday, the affected persons were killed by an air strike in Rukubi Village in Doma Local Government Area of Nasarawa State.   MACBAN describe the silence of government as reprehensible and total lack of regards to the loss of lives of ordinary Nigerians who …

AfDB commits $10b to make Africa world’s food basket

Dakar, Jan. 27, 2023 – The African Development Bank Group (AfDB) is  committing $10 billion over the next five years to boost Africa’s efforts to end hunger and become a primary food provider for itself and the rest of the world. Dr Akinwumi Adesina, the Bank Group President, said this on Wednesday at the Dakar 2 Africa Food Summit in Diamniadio, east of the Senegalese capital of Dakar. He called on more than 34 heads of state, 70 government ministers, the private sector, farmers, development partners, and corporate executives to work out …

Nigeria to earn $500m from cashew exports in 2023

Abuja, Jan. 25, 2023 -Dr Mohammed Abubakar, the Minister of Agriculture and Rural Development, said Nigeria projected to realise $500 million from cashew export in 2023. Nigeria generated $250 million from the export of cashew nuts in 2022. The Minister, who was represented by the Permanent Secretary in the Ministry, Dr Ernest Umakhihe, said this at the Nigerian Cashew Day and cashew season commencement in Abuja. He said that agriculture exports had become important source of non-oil export earnings. The minister said that agriculture exports growth represented more that 10 …

Lagos is testament to Buhari’s rice revolution – Sanwo-Olu

Lagos, Jan. 24, 2023 – Gov. Babajide Sanwo-Olu of Lagos State says Lagos is a testament to President Buhari’s rice revolution. Sanwo-Olu made the pledge on Monday while conducting President Muhammadu Buhari round the premises of Imota Rice Mill in Ikorodu on the first day of the president’s two-day official visit to Lagos State. President Buhari inaugurated the rice mill on Monday as part of his activities in the state. Sanwo-Olu said Lagos State was already acting to the wishes and directives of the president when he assumed office. “When …

Imota rice mill has bright prospects – expert

Lagos, Jan. 23, 2023 – The Imota Rice Mill to be inaugurated by President Mohammadu Buhari on Tuesday has bright prospects in view of the huge rice consumption in the country. The mill is the largest rice mill in Africa and the third-largest in the world. Mr Akin Akeredolu-Ale, the Chief Executive of Lagos Commodities and Futures Exchange (LCFE), made this observation in Lagos on Monday. He said the estimated consumption of rice by Lagosians alone is one million metric tonnes per annum. “The Lagos State Government, through the Ministry …


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