When the Nigeria Bureau of Statistics, NBS. released it’s latest report on inflationary trend, the position of some states raises concerns about the real causes of hike in prices of food items. This is because the factors indicated as major causes of rising cost of food items are not known to be prevalent in some…
It appears that there really are no quick fix to the problem of the economy, nor do the economists or policymakers ever agree on what should be the best approach to battle the challenges of a prostate economy. Recently, the federal government, in a response to incessant complaints on the hardship in the country, decided…
Governments and agencies in Africa and at the international level are making concerted efforts to ensure that food insecurity is addressed in Africa and beyond. Part of the efforts is the dedication of the Africa Development Bank, AfDB, to grant financial support to governments and institutions that are involved in the production of food in…
The policies of President Bola Tinubu’s administration have minimal effect on the economy. Rather than ease the inflationary trend, headline inflation continues to run causing a surge in the prices of goods and food in particular. The situation now is that Nigeria’s food inflation has reached an all-time high of 40.87 per cent as the…
For Nigeria not to be left behind, the development finance institutions in the country must draw up packages to provide operational funds for agriculture and other emerging cultures like technology, energy, biodiversity and others. This was the challenge posed by the Minister of Industry, Trade and Investment, Doris Uzoka-Anite. She specifically encouraged the Bank of…
Except a drastic action is taken, fish and other aquatic foods run the risk of been driven to extinction by climate change. This warning came from the Food and Agriculture Organization, a unit of the United Nations, UNO. According to the organisation, new projections have shown that climate change poses serious risks to marine ecosystems…
Beginning from Tuesday July 16 to Thursday July 18, Nigeria will play host to government officials and private sector operators in Africa for the third summit on Africa’s natural resources and energy. The summit scheduled to hold at the Banquet Hall in the State House, Abuja, is partly a celebration of the stride that the…
Unless urgent action is taken, Nigeria may lose $20 billion revenue from cocoa in the next three years. This is because the country does not appear to be taking seriously the issue of afforestation of the land as there appears to be a rise in the number of people now engaged in cocoa farming. The…
OGONI land, the area of Rivers State that has suffered the most on spillage of oil in the Niger Delta has suffered another incident. A fresh oil spill has hit the Bodo community in the Gokana Local Government Area of the State. The spill has destroyed farmlands. It was learnt that the oil spillage occurred…
Anambra First Lady, Mrs Nonye Soludo, wants to have a unique birthday celebration for people of the state this year. She has, therefore, announced plans to distribute hybrid seeds to about five hundred persons in the state to start up their home gardens. Mrs Soludo, who broke the news on Friday, on the eve of…
