The Singapore-based agribusiness giant Olam Group has confirmed that it received an offer from the Saudi Agricultural and Livestock Investment Company (SALIC) to buy out the remaining stake in Olam Agri. SALIC, a state-owned entity, currently holds a 35.4% stake in Olam Agri, having acquired it in 2022 as part of a Strategic Supply &…
The Nigeria Customs Service (NCS), Apapa Area Command, has intercepted 7,580 cartons of unhealthy frozen poultry products worth N424 million in the first six month of 2024. The Customs Area Comptroller in charge of the command, Babatunde Olomu, disclosed this on Monday while addressing journalists in Apapa, Lagos. Olomu said the command generated N1.02tn worth…
Kano State Governor, Abba Kabir Yusuf, has taken a significant step towards empowering young farmers in the state. Recently, 340 youths graduated from the Livestock and Horticulture Institutes, and each of them received a starter pack to kick-start their agricultural journey. The governor’s initiative is aimed at reducing poverty and promoting food security in the…
Recently the Lagos State Ministry of Agriculture, acting on behalf of the federal government, gave some inputs to farmers in the state. But some of the farmers are not happy, because some of these inputs are sub-standard. BUSHLINK had an interview with one of the farmers, Pa Folajimi Israel Akinsulure, who is a member of…
The Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole, at the 15th meeting of the African Continental Free Trade Area (AfCFTA), reaffirmed Nigeria’s commitment to upholding the digital trade protocol to boost investment, export, and economic reforms. The AfCFTA Digital Protocol, enacted in February 2024, establishes a legal framework to accelerate tech-driven innovation and…
As part of efforts to ensure availability of staple food in Nigeria amidst the dwindling global resources and food shortages, the National Agricultural Land Development Authority (NALDA) has distributed agricultural inputs to farmers in three states. The states are Abia state, in the Southeast zone, Kebbi and Yobe states, both in Northwest geo-political zone…
Farmers, particularly the youth in their midst, practising in Rivers State have a reason to celebrate. The Rivers State government has decided to give support to farmers in the areas of farm inputs and a credit scheme. The Commissioner for Agriculture and Irrigation Development, Rivers State, Johnson A. Ebokpo, revealed the provision of 108 medium-sized…
Rice prices are projected to decline by 11 per cent in 2025/2026 due to favourable weather conditions and increased global production, according to the 2025 annual commodities review and outlook report by AFEX, a leading commodity exchange platform. “The global rice market is poised for potential price relief in 2025, driven by expectations of strong…
Cocoa farmers in Abia State are in the good season. The Abia State Government has promised to provide for them the enabling environment to improve cocoa production in the state. Deputy Governor Engr. Ikechukwu Emetu who doubles as the Chairman, Abia State Cocoa Transformation Committee stated this in his office at the Government House, Umuahia…
The European Union (EU) has unveiled a digital platform to boost investment in Nigeria’s agribusiness sector. This was disclosed by the Deputy Director General, Directorate of International Partnerships (INTPA), European Commission, Myriam Ferran at the 9th edition of the Nigeria-EU Business Forum in Abuja. Ferran said that the platform was aimed at increasing private investments…
