Despite the persisting food insecurity in the country, the erstwhile Presidential Aide on National Assembly Matters, Senator Ita Enang, has said that over 65 per cent of the Ministry of Agriculture’s budget is not linked to improving food security. Enang alleged that President Tinubu signed the 2024 budget in a rush without being advised by…
Former presidential candidate of the Labour Party Peter Obi on Friday, lamented the deaths of students of Nasarawa State University, following a stampede at the sharing of food palliatives. Recall that the state governor, Abdullahi Sule had promised to distribute rice to all students in the state to ameliorate the current economic situation in the…
Farmers across the 36 states and the Federal Capital Territory are set to receive tractors at a subsidised rate as the Minister of Agriculture and Food Security, Abubakar Kyari revealed that the ministry will receive 500 tractors assembled by the John Deere Group. The expected tractors are the first batch of 2,000 tractors that the…
The Minister of Agriculture Food and Security Abubakar Kyari, on Tuesday, announced a new development by the federal government to inject 58,500 metric tons of rice into the country’s markets. Kyari’s assertion was made at an interactive session with the National Assembly joint committee on agriculture and rural development in Abuja. This move he noted…
Despite an existing $2.7bn secured under President Bola Tinubu’s administration from the World Bank, the federal government is about to secure another loan to the tune of $500 million. The authorities say the new loan is to bolster rural access and agricultural marketing in the country. Recall that the international money lender had approved four…
To support citizens’ purchasing power, the Lagos State government will on Sunday commence discounted sales of food items such as rice, beans, gari, bread, eggs, tomatoes, and pepper, among others. This will be done across the five divisions of the state, and beneficiaries will enjoy a rebate of 25 percent on every purchase. The state…
Data by the National Bureau of Statistics NBS, on Friday, revealed that food inflation in Nigeria spiked to an all-time high of 37.92 percent in February. The food inflation rate on a year-on-year basis surged by 13.75 percent against the 24.35 percent recorded in February 2023. NBS said the surge in food inflation on a…
. LAUDS NIGERIAN MONETARY POLICY The International Monetary Fund, IMF through its Director of Communications, Julie Kazak has advised the federal government on the importance of reducing the high prices of food, drugs and transportation. The world body said this could be done through the implementation of social protection measures. This is contained on its…
The Director General of World Trade Organisation WTO, and former Nigerian minister, Dr. Ngozi Okonjo-Iweala has called for the need to address the global setback limiting Nigeria’s export potential in the international market. Iweala said exported agricultural products are challenged with rejections in international markets due to non-compliance with international Standard Phytosanitary Measures (SPS) requirements….
The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso on Wednesday, delivered fertilizers amounting to over N100bn to the Federal Ministry of Agriculture and Food Security FMA&FS. The gesture is part of efforts to boost food security in Nigeria. Cardoso said farmers will receive over 2.15 million bags of fertilisers, noting that one…
