The Federal Government has expressed concern over Nigeria’s poor performance in agricultural exports, lamenting that despite the sector’s huge contribution to the economy, it generates less than $400m annually in foreign exchange earnings. Minister of Agriculture and Food Security, Senator Abubakar Kyari, stated this in Lagos at the First Bank of Nigeria Ltd. 2025 Agric…
The worrying escalation of the cost of food in Nigeria is not peculiar to the country. That is stated in the latest report by the World Bank in its Food Security Update. Other countries most hit by food inflation include countries in Africa, North America and Latin America. According to the report, aside from the…
A devastating drought, caused by climate change, is pushing over 27m people in Southern Africa to the brink of starvation. That is the fear expressed by the United Nations. The alarm is contained in the statement issued on Tuesday by the UN World Food Programme (WFP). The statement warned about the escalating humanitarian crisis in…
A foremost agro-processing company, Chi Farms Nigeria Limited, in collaboration with the federal government, has launched an initiative aimed to develop the meat processing sector. They plan to do this by establishing six new factories in a $2.5bn livestock investment plan. This was facilitated by the visit of the Nigerian Investment Promotion Commission (NIPC) and…
The leaders of a farmers group and a cooperative society in Enugu state, Obimo Farmers Association and Izunwanne Obimo Multi Purpose Cooperative Society have called on the Governor Peter Mbah to come to the aid of Obimo Community in Nsukka local Government Area of Enugu state. The farmers want the government to provide them with…
No fewer than 60,000 small business owners and entrepreneurs have registered their interest in the upcoming National MSMEs Award by submitting compelling videos to showcase their achievements and innovations. The Special Adviser to the President on Job Creation and MSME, Temitola Adekunle-Johnson, disclosed this in a statement on Monday. Recall that on March 2, the…
The management of Fast Microfinance Bank Limited says it has so far disbursed N7,799,094,397 billion to customers, mainly farmers, traders and artisans in the last seven years in Edo State. It added that a total N841,912,694 million loan out of N7.8 billion disbursed was granted to farmers, traders and artisans in the same period in…
The problem of poverty in Nigeria is now further compounded by the current biting inflation. The governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso said this on Tuesday. He said the current inflationary pressure is pushing Nigerians into different categories of poverty. Recall that the National Bureau of Statistics (NBS) in its…
The Quality, Health, Safety, Environment, and Sustainability, QHSES Leadership Academy, a tuition-free social innovation institution accredited by the American Council of Training and Development and certified to ISO 9001:2015 standards has donated food items and safety instruments to Heritage Homes, one of the orphanage homes in Lagos to mark its first Safetainability Day. QHSES Leadership…
The minister of state, Federal Ministry of Agriculture and Food Security, Aliyu Abdullahi, says Nigerians consumed an estimated 1.6 billion litres of milk and its products annually. Mr. Abdullahi, who stated this at a news conference in Abuja, to mark the 2024 World Milk Day, said that 60 per cent of the products are imported….
