The Development Bank of Nigeria said it has provided N112bn loan to 11,859 businesses operating in the manufact uring and agricultural sectors of the economy. The DBN Managing Director, Tony Okpanachi gave this figure at its 4th DBN Annual Service Ambassadors Award ceremony, where he commended partnering banks for their contributions to facilitating access to…
Traders across the country have one month within which they are to bring down the prices of commodities. Failure to do that would result in prosecution. That is the order from the Federal Competition and Consumer Protection Commission (FCCPC). The Executive Vice Chairman of FCCPC, Mr Tunji Bello, issued the order on Thursday at…
The Minister of State for Agriculture and Food Security, Senator Aliyu Sabi Abdullahi has disclosed that President Bola Tinubu mandated him and the Minister of Agriculture and Food Security, Senator Abubakar Kyari, to move Nigeria away from food insecurity and ensure that no Nigerian goes to bed hungry. Abdullahi stated this in Abuja at the…
The internally displaced persons who found themselves at the IDP camps because of one hostility or the other in Plateau state can now smile. This is because after much complaints and sufferings as a result of being forced out of their residential areas and farms and now having to leave on handouts, their cry appears…
The Lagos State Government will on Sunday September 1 commence Phase 2 of the sale of selected food items, including rice, beans, garri, bread, eggs, tomatoes, pepper, tatashe, and onions at discounted rates. The food items will be sold at a discounted rate of 25 per cent aimed at alleviating the impact of rising food…
The government of Namibia has a unique approach to the nagging issue of food insecurity. It has decided to kill 700 wild animals to address hunger in the country. The controversial animal culling program targets wild animals like elephants, zebras, and hippos. The authorities plan to distribute the meat to struggling residents as the country…
A Lagos-based agricultural commodities exchange company has given kudos to the federal government on the recent decision to suspend import duties on some food items to address the hardship in the country. The Lagos Commodities and Futures Exchange, LCFE, through its managing director and chief executive officer, Akin Akeredolu-Ale, has commended the Federal Government gave…
The Nigerian military has vowed to not limit its commitment to the war against insecurity in the country. It says that it will also give the necessary muscle to the battle against food insecurity. The Chief of Army Staff, COAS, Lt Gen. Taoreed Lagbaja, said this in Akwa Ibom on Tuesday. He spoke about the…
The 2024 Cadre Harmonise report on Wednesday said over 31.8 million Nigerians are suffering from acute food insecurity compounded by malnutrition among women and children in the country. According to the statistics, the surge in food commodity prices is due to the removal of fuel subsidies, in addition to security challenges, that have placed millions…
The prices of some basic food items took a flight for the worse in the last 12 months. The result is that the items went out of reach of consumers. This was the outcome of the survey by the National Bureau of Statistics (NBS) contained in a report released on Wednesday. It said that prices…
