Nigeria is not the only country asking the European Union to reconsider its decision to ban the importation of Cocoa into member-nations from December 30, 2024. Some other countries have joined in the move to have the EU shift the deadline. The European Union’s Deforestation Regulation (EUDR) has imposed the deadline for failure to comply…
The Bank of Industry (BoI) has introduced a mobile application to provide real-time monitoring of food prices across eight states in Nigeria. In an announcement on Thursday, BoI stated that the app, ‘Pricesense.ng,’ also has a web version, allowing users to track wholesale and retail prices of essential food items such as rice, beans, tomatoes,…
As part of moves toward addressing Nigeria’s flood-related challenges, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, on Wednesday, held an inaugural meeting of the Inter-Ministerial Technical Committee on the Evaluation of Dams. The meeting was chaired by the Minister of Water Resources and Sanitation, Engineer Joseph Utsev. At the…
The Chairman of the Presidential Committee on Fiscal Policy, Taiwo Oyedele, has attributed the delay to fixing standard custom import duties on the fluctuation of the country’s exchange rate. Oyedele In a statement signed on Tuesday, said the 2023 reenacted Customs Act mandates a market-driven exchange rate. This too impacts on the imported food items….
The President of, the African Development Bank, (AfDB) Dr Akinwumi Adesina on Wednesday commended Nigeria’s National Wheat Self-Sufficiency Plan as he revealed the demand for wheat in Africa has surged to over 75 million metric tonnes. Adesina, at the commencement of the ongoing West and Central Africa Wheat Summit 2024, in Abuja, said it was…
The National Bureau of Statistics on Thursday said the national average Cost of a Healthy Diet was N1,255 per adult per day in August 2024. This, the statistics hub said, was prominent in Ogun state at N1,641, Lagos State at N1,615 and Rivers State at N1,572. However, Katsina, Kaduna and Sokoto states accounted for the…
Former President Olusegun Obasanjo in a two-day workshop will facilitate an agricultural transformative initiative through the Islamic Development Bank (IsDB)-funded Kano State Agro Pastoral Development Project (KSADP). The collaborated workshop, organised by the Sasakawa Africa Association (SAA) and the Kano State Government is themed “Agricultural Transformation and What Works: Reflections from the Crop Value Chain…
Global rice prices fell on Monday after India, the world’s No.1 exporter of the grain, gave the go-ahead for exports to resume, boosting global supply and helping poor Asian and African buyers secure more affordable supplies, exporters said. India on Saturday allowed exports of non-basmati white rice. That came a day after New Delhi cut…
To ensure food security, and boost state internally generated revenue and employment, Ekiti state Governor Biodun Oyebanji has announced the adoption of the farm settlement era experienced under the leadership of the late Premier, Chief Obafemi Awolowo. The state known for its benevolence in the production of cash crops such as cocoa, oil palm, cashew,…
The Minister of Industry Trade and Investment (FMITI) Doris Anite on Wednesday called for a robust empowerment of Micro, Small, and Medium Enterprises (MSMEs) to address food security in Nigeria. Anite disclosed this at the Bank of Industry (BOI) inaugural lecture themed “Creating Impact: The Role of MSME Support and Financing in Alleviating Poverty and…
