Peter Obi, presidential candidate of the Labour Party during the 2023 general election has a panacea to the crisis of hunger in the country. And he has asked the three arms of government to make use of the solution. According to him, the solution to the crisis is an increase in investment in agriculture. In…
Chairman of the House Committee on Livestock, Hon. Wale Raji, has lamented the significant capital flight caused by the country’s reliance on livestock imports due to its inability to meet domestic consumption demands. Speaking at the inaugural meeting of the Committee in Abuja, Raji noted that the annual production in Nigeria’s livestock sector is estimated…
As Nigeria battles with food insecurity there are reports that more challenges may be on the way to further compound the problem. The report is to the effect that as the years roll on, the country will have more mouths to feed, thus complicating the problem at hand about how to provide for the current…
The Federal Competition and Consumer Protection Commission (FCCPC) has uncovered the availability of substandard and unregistered sugar products in Nigerian markets. The Commission said that the adulterated sugar were smuggled brands from Brazil, including Grupo Moreno, Terous, USI S. Joao, Alvean and Arapora Bionergia. The products, the FCCPC noted, failed to meet mandatory Vitamin A…
The Nigerian Society of Engineers (NSE) has signed a Memorandum of Understanding (MoU) with Asset Rise Limited and Lancaster Farms to enhance food security and create employment opportunities for Nigerians. The NSE President, Engr. Margaret Oguntala said, shortly after signing the MoU in Abuja, that the agreement would open more employment opportunities for the youths….
Nigeria has signed a landmark Memorandum of Understanding (MOU) with the People’s Republic of China, aimed to adopt and accelerate climate action through innovative solutions, mutual cooperation, and shared expertise in combating environmental challenges. The signing happened on the sidelines of the ongoing COP29, where Nigeria’s Minister of Environment, Malam Balarabe Abbas Lawal, participated in…
The Minister of Water Resources, Engr. Joseph Utsev, has pledged to provide lasting solutions to the water supply issues affecting sugar estates across the country. Utsev expressed his commitment to supporting the National Sugar Development Council (NSDC) in achieving self-sufficiency in sugar production. Utsev’s assurance was made when he hosted NSDC Executive Secretary and Chief…
The Minister of Agriculture and Food Security, Sen. Abubakar Kyari, on Thursday stated that the Ultra Modern Fish Hatchery facility would enhance the aquaculture sub-sector and generate revenue for Nigerian farmers. Speaking at the commissioning of the Ultra Modern fish facility in Calabar, Cross River State, Kyari said the facility has the capacity to produce…
The federal government on Thursday announced the collection of a $134m loan from the African Development Bank (AfDB) to produce 1.2 million metric tonnes of wheat and rice by 2025. The Minister of Agriculture and Food Security, Senator Abubakar Kyari, disclosed this at the flag-off of the 2024/2025 National Dry Season Farming in Calabar, Cross…
The Nigerian stock market closed on a bearish note on Tuesday, with a loss of N69 billion, due to sell-offs in large and medium capitalised stocks. The Nigerian Exchange Ltd. (NGX) market capitalisation, which opened at N59.004 trillion, dropped by N69 billion or 0.12 per cent, closing at N58.935 trillion. Similarly, the All-Share Index (ASI)…
