Agriculture Banking and Finance News & Reports

CBN Nudges Banks to Increase Loans to Agricultural Sector

The Central Bank of Nigeria (CBN) has said that the best way to boost food production in the country is for banks to increase lending to the agricultural sector to 10% within the next four years. According to the Governor of the Bank, Godwin Emefiele, who spoke at the 13 banking conference in Abuja organized …read more →

Agriculture News & Reports

UNFAO, Cross River partner to boost agrotech capacity in MDAs

The United Nations Food and Agricultural Organisation (FAO) and the Cross River State government have agreed to a partnership that would result in agricultural and ICT  training for staff based in major ministries, departments and agencies in the state. The agreement was finalised after a meeting by representatives of both parties, which included Asibong Inyang, …read more →

AFRICAReports Agriculture Infrastructure Financing News & Reports

Food Security: AfDB Projects Have improved 9 Million Lives – Report

African Development Bank (AfDB) has said that the Water Mobilisation Project to Enhance Food Security in Maradi, Tahoua and Zinder Regions (PMERSA-MTZ), implemented between 2011 and 2018 in Niger, has sustainably increased agricultural production and productivity and increased food security for nearly nine million residents of this Sahelian country. In a report published by the …read more →

Agriculture Banking and Finance

Plateau Maize Farmers Commend FG Over Anchor Borrowers’ Programme

The Plateau chapter of the Maize Association of Nigeria (MAN) has commended the Federal Government for introducing the Anchor Borrower Programme (ABP) in the country. The Chairman of the association in the state, Mr Dakat Mbai, who made the commendation, said the initiative would address the basic challenges of food production in the country. The …read more →

AFRICAReports Agriculture Economy Infrastructure News & Reports

Moroccan Firm Seeks To Commission Fertiliser Plants in Nigeria, Ghana In 2024

Morocco’s OCP Group expects a fertiliser plant in Ghana and an ammonia plant in Nigeria to be operational by 2024, the company’s chief growth officer said, adding 2 million tonnes a year to its global output capacity. OCP, the world’s biggest phosphates exporter, will build the two plants, each with a capacity of 1 million …read more →

AFRICAReports Agriculture Infrastructure News & Reports

Cross River, Israeli Firm to Establish $15m Cocoa City Project

The Cross River Government and Israeli Bean & Co. Global Ltd. have signed a full Venture/Public Private Partnership agreement of 15 million dollars for the establishment of a special cocoa city project in the state. The online virtual signing of the agreement was carried out on Wednesday in Calabar, while the Memorandum of Understanding had …read more →

Agriculture Infrastructure News & Reports

Dangote, Stallion, others boost Ekiti Agric sector with $50m investments

EKITI State Government said it had issued a Certificate of Occupancy (C of O) to Stallion Group for a 10 million dollar rice mill in Ado-Ekiti, the state capital. It said Dangote Group is also finalising plans to locate a five million dollars mill within the same location. Mr Akintunde Oyebode, Special Adviser to the …read more →

Agriculture Economy ENERGY Infrastructure Infrastructure Financing News & Reports Power

412km Sukuk-Funded Roads Completed …… We Have doubled our Efforts on Power – Buhari

President Muhammadu Buhari has said that ‘412KM sukuk-funded roads have been completed Buhari said his administration has taken advantage of the Sukuk bond — first issued in 2017 to target key road projects — to complete over 400 kilometers of road across the country He said out of the 643 kilometers of roads targeted through the …read more →

Agriculture Infrastructure Photo News

Work Advances at St Gabriel Coconut Refinery in Akwa Ibom

The St. Gabriel Coconut Refinery project is on course. Some production lines have started arriving and installations are about to commence. The factory already has 400 young people from Akwa Ibom in various aspects of its on-going construction work. At completion, it has the capacity to process 300,000 coconuts each day. This remains a clarion …read more →

Agriculture Economy Infrastructure News & Reports Technology

FG to Sustain Use of Technology to Enhance Farm Yields – President Buhari

President Muhammadu Buhari has said that the Federal Government will sustain the deployment of Geographic Information Services (GIS) and other similar technologies to help farmers achieve increased production. The President made this known when he received a delegation of the Surveyors Council of Nigeria (SURCON) led by the President of the International Federation of Surveyors, …read more →