As part of efforts to address the issue of food shortages, the Federal Government has thrown its weight behind the Cold Storage Initiative, aimed at reducing post-harvest losses and enhancing food security across the country. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, disclosed this in his office in Abuja…
The National Agency for Food and Drug Administration and Control (NAFDC) has reminded the public of the ban on the sale of imported frozen chicken, turkey, and catfish in the country. NAFDAC stated this during a sensitisation programme at the Kado Fish Market in Abuja. The agency reiterated its commitment to upholding the Federal Government’s…
Shareholders of Flour Mills of Nigeria Plc (FMN) have approved a N86 per share buyout under a Scheme of Arrangement at a Court-ordered meeting. The resolution paves the way for the transfer of ownership of FMN shares to Excelsior Shipping Company Limited and its Nigerian subsidiary, Greywise Investment Solutions Limited. At the meeting, shareholders endorsed a…
The investigation and enforcement team of the National Agency for Food and Drug Administration and Control (NAFDAC) has uncovered counterfeit medicines worth N300m during a raid at the Tyre Village Trade Fair in Lagos State. NAFDAC revealed this via its official social media handle on X, formerly twitter. The agency said the operation led to…
Joseph Sarwuan Tarka University, Makurdi, Benue State, has revealed that Nigeria loses approximately $9bn annually to post-harvest losses. The Director of Teaching and Research Farms at the university, Prof. Felix Ugese, stated that the Global Hunger Index ranks Nigeria 110th out of 127 countries, indicating “serious” hunger levels. Speaking in Lagos at the Agroween Festival…
The Federal Capital Territory (FCT) does not want to be left behind in the race to tackle food insecurity in the country. It, therefore, took a step towards elevating agriculture in the territory recently by approving a contract to bolster dry season farming in the council areas under it. The contract was approved at a…
The National Bureau of Statistics has said Nigeria’s Gross Domestic Product growth rate in real terms grew by 3.46 per cent in the third quarter of 2024 on a year-on-year basis. The Statistician General of the Federation, Prince Adeyemi Adeniran said this in a press statement recently. He said the growth is 0.92 percentage points…
The Ministry of Agriculture and Food Security (FMAFS) has, on behalf of the federal government, signed a Memorandum of Understanding (MoU) with Fundação Getulio Vargas (FGV) of Brazil, (has signed a Memorandum of Understanding MOU) to advance private sector development in fertiliser production, implement 1.2 billion Green Imperative Project (GIP). The partnership, struck at the…
Economic inclusion programmes are cost-effective and impactful but are reaching only about one-in-ten people living in extreme poverty, according to a World Bank report released recently. Economic inclusion programmes, which provide cash transfers, skills training, business capital, coaching, and market access build a ladder out of poverty for the poorest and most vulnerable people, particularly…
Guests at the 60th anniversary celebration of the Cocoa Research Institute of Nigeria, CRIN may not have envisaged that there would be a need for shopping at the venue within the premises of CRIN at Idi Ayunre, Ibadan, Oyo State on Monday. But many of them went away, after satisfying their curiosity, with bye products…
