The Minister of the Federal Capital Territory (FCT), Nyesom Wike, on Tuesday, inaugurated the rehabilitated phase 2 water treatment plant at the Lower Usuma Dam in Ushafa, Bwari Area Council, valued at about N50bn. Speaking at the ceremony, Wike disclosed that President Bola Tinubu has approved the commencement of additional water projects in satellite towns,…
Analysts at Afrinvest West Africa have projected that Nigeria’s headline inflation will ease further to 21.3 per cent year-on-year in August 2025, supported by foreign exchange (FX) stability, early harvest inflows, and relatively subdued global commodity prices. However, they cautioned that persistent food supply constraints and seasonal factors are likely to sustain upward pressure on…
Senator Ned Nwoko (APC-Delta) has called for the establishment, development and management of ranches across all 774 local government areas and the Federal Capital Territory (FCT) to enhance food security across the country. Nwoko, who represents the Delta North Senatorial District in an interview with the News Agency of Nigeria Abuja, said that his proposal…
The Centre for the Promotion of Private Enterprise (CPPE) has warned that Nigeria’s modest relief in headline and core inflation recorded in July 2025 may be undermined by rising food prices and persistent structural constraints in the economy. According to the July 2025 inflation report released by the National Bureau of Statistics (NBS), headline inflation…
The growing rate of the cultivation of cannabis in Nigeria is becoming alarming. The more the National Drug Law Enforcement Agency (NDLEA) bursts the illegal farms, the more daring the perpetrators get. The chairman of NDLEA, General Buba Marwa (retired) has, therefore, sought the collaboration of the Federal Ministry of Agriculture and Food Security (FMAFS)…
The Minister of Agriculture and Food Security, Senator Abubakar Kyari, has said that active participation of youth and women farmers will fast-track the development of Nigeria’s agricultural sector, boost production, revitalize agribusiness, and strengthen food and nutrition security. Kyari made the remarks during a visit to D’More Food and Spices, the food processing arm of…
The National Ginger Association of Nigeria has renewed its push for a lasting solution to the ginger blight disease that has ravaged farmlands across the country, leaving thousands of farmers in debt and crippling Nigeria’s once-thriving position in the global ginger market. At a stakeholders’ meeting and inauguration of new members held in Kaduna recently,…
The World Trade Organisation (WTO) in collaboration with the International Trade Centre (ITC) has announced Nigeria, Jordan, Mongolia, and the Dominican Republic as beneficiaries of the $50m Women Exporters in the Digital Economy (WEIDE) Fund. The WTO Director-General, Dr. Ngozi Okonjo-Iweala, said the initiative would provide funding, training, and market access to assist women entrepreneurs…
The Minister of Agriculture and Food Security (FMAFS), Abubakar Kyari launched a Technical Committee on Micro, Small and Medium Enterprises(MSME), and National Argo-Allied Commodities Cooperatives of Nigeria (NACCON). The committee has the mandate to facilitate the nation’s agricultural value chain, corporate Interactions, drives economic growth and creates job opportunities for Nigerian farmers. Speaking during the…
The National Bureau of Statistics (NBS) announced on Friday that Nigeria’s inflation rate continued its downward trajectory in July 2025, falling to 21.88 per cent. The statistics agency attributed the slowdown to the recent rebasing of the Consumer Price Index (CPI). The July 2025 inflation figure marks the fifth consecutive month of decline this year,…
