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….
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…
The Permanent Secretary, Federal Ministry of Industry, Trade and Investment (FMITI) Nura Abba Rimi, in a bold declaration of a resilient and sustainable future for Nigeria and the African continent, has announced the launch of Nigeria Carbon Market Activation Policy (NCMAP). “This policy is not just a framework; it is a clarion call for collective…
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has warned against Nigeria’s dependency on food importation. Edun at a press conference in Abuja to mark the country’s 64th Independence Day declared war on food importation, citing the ripple effect will be felt by domestic processors, and farmers amongst others. Earlier in…
The fishing and farming communities of Akpabuyo local government area of Cross River State have lamented their inability to go about their occupation due to the activities of militants leading to their injuries and deaths. The Cross River State House of Assembly also raised the alarm over the resurgence of militancy in Bakassi and Akpabuyo…
The small-scale entrepreneurship skills of Nigerians, nay Africans, came on display between September 19 and 20 in Atlanta, in the United States of America. It was at the Africa International Trade Exhibition (A.I.T.E). The exhibition, which was sponsored by First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, took place at…
The value of post-harvest losses in Nigeria is put at N3.5 trillion, which is three times higher than the country’s five-year federal agricultural budgetary allocation of N1.13 trillion. This has generated criticisms on the government’s food security policies. The United States Agency for International Development (USAID) says about 50 percent of fresh agricultural produce in Nigeria…
The National Bureau of Statistics announced that Foreign Direct Investment recorded the least with US$119.18 million (3.53%) of total capital importation in Q1 2024, President Bola Tinubu has restated his commitment to creating a robust financial system and a business-friendly economy that will attract more foreign direct investments. He stated this as the Coca-Cola Company…
To conserve wildlife across the country, the Federal Operations Unit (FOU), Zone C of the Nigeria Customs Service (NCS), Edo State has destroyed 1,015 sacks of dried donkey meat and skin. In a statement by Zone C, Public Relations Officer, Jerry Attah, said that the contraband was seized in two months dating July 15 to…
The federal government is about to get a fresh loan from the World Bank. The loan is targeted at three sectors, including the agricultural sector. The other areas are health, and infrastructure sectors. The loan is of the value of of $1.5bn. The loan set to be approved on Thursday September 26, 2024 will be…
