The Federal Government has tasked the Bank of Agriculture, BOA, to adopt innovative financing models to expand access to affordable credit for smallholder farmers, women, youths and agribusinesses. The government said improved agricultural financing was necessary to increase food production, create jobs, reduce poverty and strengthen the resilience of agricultural value chains. The statement was…
The Federal Government has unveiled the National Agricultural Mechanisation Policy and National Agricultural Mechanisation Investment Strategy, alongside plans for a tractor assembly plant capable of producing up to 4,000 units annually. The government said the policy framework would support efforts to increase food production, reduce import dependence, create jobs and build a sustainable agricultural mechanisation…
Nigeria’s headline inflation rate eased to 15.43 per cent year-on-year in July 2026, down from 15.91 per cent recorded in June, even as food inflation accelerated sharply during the period. The latest inflation figures released by the National Bureau of Statistics (NBS) on Monday showed that the decline in headline inflation was accompanied by renewed…
Nigeria’s business activity recorded its strongest performance in five months in July 2026, driven by robust expansion in the agriculture, manufacturing and services sectors, as the Nigerian Economic Summit Group (NESG) Current Business Performance Index (CBPI) rose to 108.6 points, its highest level since February. The latest Business Confidence Monitor (BCM) released by the NESG…
The Minister of State for Agriculture and Food Security (FMAFS), Aliyu Abdullahi on Thursday called for stronger partnerships among African governments, research institutions, development partners and the private sector to tackle food insecurity and build resilient agricultural systems across the continent. Abdullahi said Africa must move beyond commitments and translate agricultural policies, research and partnerships…
The Federal Government on Thursday has urged cooperative societies in Nigeria’s South-South region to support the proposed Cooperative Bank of Nigeria and the National Cooperative Sector Digitalization Drive. The Minister of State for Agriculture and Food Security and Supervising Minister of Cooperative Affairs, Senator Aliyu Sabi Abdullahi, made the call in Yenagoa, Bayelsa State, during…
The Federal Government has announced the operationalisation of the National Agricultural Development Fund (NADF) to strengthen agricultural research, technology development and commercialisation in Nigeria. The Minister of Agriculture and Food Security, Senator Abubakar Kyari, announced this on Wednesday, July 29, 2026, during Nigeria Day at the 9th Africa Agriculture Science Week in Abuja. Kyari said…
More than 500 African leaders, policymakers, finance institutions, researchers and private-sector representatives have adopted the Abuja Clarion Call on Sustainable Financing for Agricultural Research, Development and Innovation. The declaration was adopted on Tuesday, July 28, 2026, during a High-Level Ministerial Dialogue on Sustainable Financing for Agricultural Research, Development and Innovation held in Abuja as part…
The Federal Government has urged African countries to use public procurement strategically to improve logistics, reduce post-harvest losses and strengthen food security. The Permanent Secretary, Federal Ministry of Agriculture and Food Security, Dr Marcus O. Ogunbiyi, made the call on Tuesday, July 28, 2026, at the Africa Procurement and Supply Chain Summit and Awards 2026…
The Minister of Agriculture and Food Security, Senator Abubakar Kyari, has urged African countries to develop agricultural technologies suited to their own needs instead of relying primarily on innovations developed elsewhere. Kyari made the call on Monday, while opening the 9th Africa Agriculture Science Week (9AASW) and the 10th General Assembly of the Forum for…
