Agriculture

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Agriculture Business Planning

Coffee association launches Nigerian-Canadian Coffee Exchange Corridor

Lagos, July 11, 2023 – The West African Specialty Coffee Association (WASCA) has launched the Nigerian-Canadian coffee Exchange Corridor in the country. It is an initiative to strengthen bilateral trade between Nigeria and Canada and promote the remarkable diversity and quality of Nigerian coffee to the international market.  Larry Segun-Lean, the President of WASCA, expressed his enthusiasm for the Nigerian-Canadian Coffee Exchange Corridor, saying that the initiative marked an exciting chapter in the history of Nigerian coffee. Through this partnership, we aim to share our rich coffee heritage with the …

Agriculture Commodities

Coffee association launches Nigerian-Canadian Coffee Exchange Corridor

Lagos, July 10, 2023 – The West African Specialty Coffee Association (WASCA) has launched the Nigerian-Canadian coffee Exchange Corridor in the country. It is an initiative to strengthen bilateral trade between Nigeria and Canada and promote the remarkable diversity and quality of Nigerian coffee to the international market.  Larry Segun-Lean, the President of WASCA, expressed his enthusiasm for the Nigerian-Canadian Coffee Exchange Corridor, saying that the initiative marked an exciting chapter in the history of Nigerian coffee. Through this partnership, we aim to share our rich coffee heritage with the …

Agriculture General News Maritime/Shipping

NAFDAC calls for collaboration with pre-shipment agencies

Lagos, July 10, 2023 -The National Agency for Food and Drug Administration and Control (NAFDAC) has again called for collaboration of critical stakeholders in the nation’s ports to revamp Nigerian non-oil exports. Prof. Mojisola Adeyeye, its Director General, expressed the agency’s discomfort at the alarming rate at which Nigerian food exports were being rejected abroad at a consultative meeting with Pre-shipment Inspection Agents (PIAs) on Friday, The Director General was represented at the meeting by Dr Abimbola Adegboye, the Director, Port Inspection Directorate (PID), who also heads the Office of …

Agriculture General News

Ecobank restates commitment to empowering youths for agribusiness

Lagos, June 22, 2023 – Ecobank has reiterated its commitment to supporting investments that will stimulate the growth of the Nigerian economy and transform the opportunities into businesses and empowerment of youths. Bolaji Lawal, its Managing Director and Regional Executive, said the bank was ready and determined to tap into the energy of the vibrant youthful population in Nigeria by providing incentives to make agriculture attractive to them. He spoke at the Agribusiness Investors Network organized by the Innovative Youth in Agriculture (I-Youth) held at the Ecobank Pan Africa Center (EPAC), …

Agriculture Business Solutions

NAHCO begins export of raw Nigerian foods abroad  

Lagos, May 13, 2023 – The Nigerian Aviation Handling Company (nahco aviance),  a ground handling service provider at Nigerian airports, has started exporting raw Nigerian foods abroad. The food export business is being done by its new subsidiary, NAHCO Food and Beverages Limited. It started with the exportation of fresh pepper after obtaining the necessary regulatory certification and approval from the Nigerian Agricultural Quarantine Service (NAQS) and with due consultation with foreign food standards agencies. The company said the new export business was being done in conjunction with some appointed …

Agriculture

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, …

Agriculture

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 …

Agriculture

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 …

Agriculture

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 …

Agriculture Capital market Manufacturing/Industry Money market

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 …