Amid the lingering crisis between farmers and herders across the country, President Bola Tinubu has announced the creation of a Federal Minister of Livestock Development. Tinubu inaugurated the Renewed Hope Livestock Reforms Implementation Committee at the State House, Abuja, on Tuesday, 9 July, 2024. Recall that on September 14, 2023, the National Livestock Reforms Committee …read more →
Agriculture
FG Cancels Import Duties on Food for 5 Months
The Federal Government, on Monday, announced a 150-day duty-free import window for food commodities as it stepped up efforts to tackle rising inflation which had impoverished many Nigerians. The government also expressed its decision to collaborate with states to expand land cultivation across the country. Consequently, the government suspended duties, tariffs and taxes for the …read more →
Gov Oyebanji Inaugurates A-Bamisil Palm kernel Crushing Plant in Ekiti
Governor Biodun Oyebanji of Ekiti on Friday, inaugurated A-Bamisil, a privately owned 200 metric tons per day capacity palm kernel oil (PKO) crushing plant to reduce unemployment, hunger and poverty in the state. Oyebanji, while inaugurating the A-Bamisil Palm kernel Crushing Plant located along Ijan road in Ado-Ekiti, promised that his administration would play a …read more →
Dangote Sugar Announces Merger Plans with NASCON, Dangote Rice to Form N553 Bn Entity
Dangote Sugar Refinery has revealed its strategic move to strengthen its market presence and capitalize on future prospects by announcing a merger with NASCON Allied Industries and Dangote Rice Limited. The announcement, made on Tuesday in a regulatory filing with the Nigerian Exchange Limited, marks a significant step towards consolidating operations and leveraging opportunities in …read more →
Development Partners Commit $30 Billion to Food Production in Africa
Development partners have committed $30 billion to boost food production in Africa over the next five years, the President of the African Development Bank (AfDB) said on Friday at the close of a summit on food security on the continent. The continent is facing its worst food crisis ever, with more than one in five …read more →
Heifer, Coldhubs, Launch Solar-Powered Storage Solutions in Lagos to Enhance Smallholder Farmers
Heifer International’s sponsored agritech storage solution; ColdHubs, was yesterday formally introduced into the Lagos market with the launch of the facility for smallholder farmers and sellers of perishable farm produce at the ABAT CBD Market in Ibeju-Lekki. The ColdHubs innovation, which is being sponsored on a large scale by Heifer International, is part of …read more →
Nigeria’s GDP Grows 3.4% in 2021, Driven by Non-Oil Sector
Nigeria’s Gross Domestic Product (GDP) grew by 3.98 percent in the fourth quarter of 2021, its biggest growth since 2014, according to latest data by the nation’s statistics agency. The National Bureau of Statistics (NBS) report showed that fourth quarter growth indicates a steady economic recovery accounting for an annual growth of 3.40 percent in …read more →
NIRSAL Boosts Cocoa Exports with Credit Guarantee
The Nigeria Incentive-Based Risk Sharing System for Agriculture Lending Plc (NIRSAL) is committed to enabling Nigerian cocoa farmers to benefit from the $67 billion global cocoa market, according to its chief executive officer, Aliyu Abdulhameed. While on a tour of ADT Russet Limited, in Apapa, Lagos State, which is a beneficiary of N1.5 billion facility …read more →
CBN to Boost Cotton Production, Revive Textile Industry
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has said that the regulatory bank aims at empowering the cultivation of 80,000 hectares of cotton in 2021. Emefiele who said in a series of tweets on the official Twitter handle of the bank, noted that this will be with an average output …read more →