Agriculture

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Agriculture Foreign General News

U.S. invests $200m on food security in Nigeria

Abuja, March 22, 2024 – The United States Government has invested $200 million in food security in Nigeria in the last five years. David Greene, the US Acting Ambassador to Nigeria, said this in Abuja on Thursday at the 2024-2029 Global Food Security Strategy Launch. He said the U.S. government also gave $150 million as grants to 33 private sector companies in Nigeria, while it also invested $22 million in Nigeria’s cocoa value chain, spanning across seven states. Greene, who is also US Embassy Charge de Affairs, said the implementation of …

Agriculture

FG to ban portfolio, political farmers – minister

Abuja, March 21, 2024 – The Federal Government will ban portfolios and political farmers parading as real farmers ahead of this year’s farming season. Aliyu Abdullahi, the Minister of State, Agriculture, said this on Thursday at a roundtable on “the Food Price, the Forex and the Farmer” organised by the Progressive Forum. He said government would soon begin to identify real farmers to ensure that government; attention to the sector got to real farmers. The minister said the president had given his ministry the necessary support to ensure that the …

Agriculture

FG starts distribution of 42,000 tons of grains – minister

Abuja, March 20, 2024 – Abubakar Kyari, the Minister of Agriculture and Food Security Minister, says the Federal Government has started distribution of the 42,000 metric tonnes of grains. Kyari said this during an interactive session with the National Assembly Joint Committee on Agriculture Production Services and Rural Development on Tuesday. He said the Federal Government started the distribution from some focal points in state capitals across the country. “We have received directive and approval from Mr. President to distribute for immediate impact 42,000 metric tonnes of assorted grains free …

Agriculture Business Planning Capital market ICT Investment Manufacturing/Industry Money market Oil and Gas

Nigerian economy is resilient, attractive to investors – IMPI

Abuja, March 19, 2024 – The Independent Media and Policy Initiative (IMPI) says the Nigerian economy is very resilient and attractive to investors as investments in its key sectors are highly profitable. It also says there are verifiable data to show that Nigeria has a robust investment climate under the President Bola Tinubu administration contrary to the narrative of an economy shorn of investor confidence. In a policy statement signed by its Chairman Niyi Akinsiju, the policy think tank noted that it came to that conclusion after a comparative analysis …

Agriculture ICT

Peter Obi descries astronomical rise in food prices

Abuja, March 13, 2024 – Peter Obi, the Presidential Candidate of Labour Party in the 2023 election, has decried the astronomical increase in prices of food items in the country. He said the average Nigerian household now spent all his earnings on foods alone. Obi made the observation in a statement posted on X handle on Wednesday. Obi said he made the observation against the backdrop of a UNICEF Cadre Harmonisé report which projected that 31.5 million Nigerians at risk of acute hunger by August 2024. Obi said that Nigeria …

Agriculture

CBN donates 2m bags of fertilisers worth N100bn to farmers

Abuja, March 14, 2024 – The Central Bank of Nigeria (CBN) has donated abou two million bags of fertilizers worth about N100 billion to farmers. The donation was made through the Federal Ministry of Agriculture and Food Security to farmers on Wednesday. Yemi Cardoso, the Governor of the CBN, delivered the bags of fertilizers to Abubakar Kyari, the Minister of Agriculture and Food Security, at a ceremony on Wednesday in Abuja.  Cardoso said the donation was in line with the fundamental objective of the CBN and ministry of agriculture ministry …

Agriculture

Nigeria has potential to boost agric exports, create jobs – Okonjo-Iweala

Abuja, March 13, 2024 – Dr Ngozi Okonjo-Iweala, the Director-General of the World Trade Organisation (WTO), says Nigeria has the potential to boost agriculture exports and create jobs through agriculture. She said this on Tuesday during the inauguration of the $1.2 million programme for improving the standard of Nigeria’s sesame and cowpea exports. She said that in spite of its potential, Nigeria had lost out in agricultural export markets and become a net importer of food due to its failure to tap available opportunities. Okonjo-Iweala, who was a former Minister …

Agriculture Money market

FG secures €995m deal to finance agriculture

Minna, March 12, 2024 – The Federal Government has secured a 995 million Euro deal with the Brazilian Government and the German Deutsch Bank Group to finance a Green Imperative programme in Nigeria.   Sen. Abubakar Kyari, the Minister of Agriculture and Food Security, said this in Minna, Niger State, on Monday. According to the minister, the programme is aimed at creating agriculture mechanization hubs in each of the 774 local government areas in Nigeria as part of its implementation plan.  “A memorandum of understanding between the Federal Government and the …

Agriculture General News

Tinubu to inaugurate Minna Airport, agro-processing zone Monday

Minna, March 9, 2024 – President Bola Tinubu will inaugurate Minna International Airport, agro-processing zone and agric equipment company on Monday. Gov. Mohammed Umaru-Bago of Niger said while inspecting the projects on Saturday, that about 2,000 hectares would be utilised for the agro-processing zone project. Also on the inspection team was the President of Nigeria Union of Journalists (NUJ), Chris Isiguzo. Bago said about 1,000 hectare would be utilised for drip irrigation and green houses while an additional 1,000 hectare was specifically for processing of dairy products. He added that the …

Agriculture Commodities

Customs arrest 120 truckloads of foods being smuggled out of Nigeria

Abuja, March 5, 2024 – About 120 truckloads of food items from Nigeria were arrested by the Nigerian Customs Service (NCS) while being smuggled out of the country in the last two weeks. Adewale Adeniyi, the Comptroller General of the Nigerian Customs Service (NCS), said this on Tuesday during a sectoral debate organised by the House of Representatives. He said the president had directed that the arrested trucks be diverted to the local markets in the area to force down prices of these items. Adeniyi urged the country to avoid quick …