The global feed additives market, valued at $45.38bn in 2024, is projected to grow to $59.82bn by 2029, according to a report by Markets and Markets, a research company that offers in-depth analysis of different sectors of the economy. The global feeds additives sector is expected to expand at a compound annual growth rate of…
The National Orientation Agency (NOA) in Ebonyi has launched a campaign against the use of harmful chemicals in food preservation. It has, therefore, advised foodstuff dealers in the state to avoid the dangerous practice. The State Director of the Agency, Mr. Theophilus Nwokpor, made the appeal on Monday in Abakaliki during an awareness campaign on…
The Chief Executive Officer of the Nigerian Economic Summit Group (NESG), Dr. Tayo Aduloju, on Thursday called for the rebasing of the country’s economy to stimulate new growth that is indispensable for crafting evidence-based policies to strengthen sectoral performance. The is as the National Bureau of Statistics (NBS) has said data emanateing from the rebased…
The Food and Agriculture Organization of the United Nations (FAO) has urged the adoption and consumption of healthy diets as a consistent lifestyle habit. The report, released on Thursday, emphasised that eating healthy should not be limited to a New Year’s resolution that is abandoned as the year progresses. It added that the food consumed…
The Governor of Benue State, Hyacinth Alia, has announced plans for the state to return to full farming activities in 2025, despite the prevailing insecurity in the region. This decision was reached after a productive meeting on strategies to enhance agricultural productivity and address food insecurity with Vice President Kashim Shettima. In his address to…
Good things are coming the way of rice farmers in Taraba State. Part of the support the are getting from the government and international agencies include training aimed at taking them away from traditional methods of farming. One of such trainings was held recently by he International Fund for Agricultural Development (IFAD)’s Value Chain Development…
There is a scientific approach to curb artificial inflation, particularly in the food sector. That is what the National Bureau of Statistics (NBS), in collaboration with the Nigerian Economic Summit Group (NESG), have decided to apply in their monthly report beginning from the end of January. They announced that three new indices to track price…
The candy and chocolate giant Hershey Co., according to Bloomberg, has requested approval from the Commodities Futures Trading Commission (CFTC) to purchase over 90,000 metric tons of cocoa. The Pennsylvania-based global confectionery company, in a bid to secure its cocoa supply ahead of a speculated scarcity in 2025, intends to acquire the product through the…
The Kaduna State Government has announced plans to plant 10 million trees in the next four years in a bid to tackle climate change and protect the environment in the state. The Commissioner of Environment, Alhaji Abubakar Buba, disclosed this while speaking to stakeholders in Kaduna on Wednesday. He noted that last year alone, the…
The President of the Trade Union Congress (TUC), Comrade Festus Osifo, has revealed that untapped agricultural potentials have deprived the country of an annual revenue of $100bn. Osifo highlighted the country’s reliance on agricultural food imports as a factor driving underdevelopment in the sector. According to him, channeling loans toward agricultural development and reducing taxation…
