Dangote Sugar Plc and BUA Foods Plc raked in a whopping N1.025trn from sales of sugar during the third quarter of 2024. This represents a 36.23 per cent increase from the N752.383bn realised by these two food giants in the corresponding period of 2023. The surge in the revenue is attributed to inflationary pressures and…
The forthcoming Conference of the Parties (COP 29) will likely be dominated by debate on the effects of climate change. The indication emerged at a webinar titled “The Emission Gaps and the Road to COP 29”, where environmental experts and activists participated. For instance, the Health of Mother Earth Foundation (HOMEF) sounded the alarm, calling…
The Permanent Secretary of the Federal Ministry of Agriculture and Food Security (FMAFS), Temitope Fashedemi, on Thursday, expressed readiness to “train 819 Tractor Operators and Mechanics to equip them with broad knowledge and practical skills in handling agricultural machinery to enhance food production.” At a two-day stakeholders’ workshop on the review of the draft National…
The crisis of food security is coming home to workers in the food sector. The Food and Agriculture Organisation of the United Nations (FAO), says employment in the global food system is strinking by the day. This alarm was raised in its recent FAOSTAT report, claiming that the global share of employment in Agrifood Systems…
The World Food Programme, WFP has told President Bola Tinubu that the only panacea to food security in Nigeria is for his government to pursue the enthronement of peace in the Northeast zone of the country. The global institution says that the restoration of peace in the region will mitigate the crisis of the projected…
The price of read, one of the staple foods in Nigeria, is not likely to come down soon. This is because the cost of producing flour, one of the major materials of production, is on the rise. For instance, the Flour Mills of Nigeria Plc (FMN), has announced that it spent a whopping N1.419trn on…
As part of its resolve to combat food insecurity from all fronts, President Bola Tinubu’s administration has decided to put everything in place towards achieving an all season agricultural practice in the country. The Managing Director and Chief Executive Officer of the Ogun Osun River Basin Development Authority, Dr Adedeji Ashiru, has therefore announced the…
A study by a private organisation has suggested measures to be taken by the authorities to avert what it described as a looming danger in the food sector in the coming year. The report commissioned by AFEX, a commodity trade solutions company, has recommended measures for the federal government to address price volatility in the…
The Minister of Agriculture and Food Security, Senator Abubakar Kyari has said that the current administration is focused on providing the necessary enabling environment for the private sector to take the lead in the avowed effort to achieve food sufficiency in Nigeria. He said this at the inaugural Farm, Food, and Allied Technologies (FARMFATECH) Expo…
The Minister of Innovation, Science, and Technology, Uche Nnaji, has announced the establishment of a National Research and Innovation Council (NRIC) and the National Research Fund (NRF) to drive research and innovation across Nigeria. Nnaji, during a high-level policy dialogue aimed at fortifying national research and innovation funding structures in Abuja, said the move would…
