The federal government has said that it is working tirelessly to boost domestic food production before the expiration of the 150-day duty-free import window for food commodities. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun said this in a statement after chairing the closed-door session of a pivotal meeting with…
About N19.4tn has been realised as revenue from the exports of cocoa beans, crude oil, gas, amongst others in the second quarter of 2024. This is contained in a report by the National Bureau of Statistics. In the just-released ‘Foreign trade in goods statistics’ report, Nigeria’s total merchandise trade stood at N31.89tn representing a decrease…
In line with the Federal Government’s directive to ban single-use plastics (SUPs) in all ministries, departments, agencies, and projects, the Hydrocarbon Pollution Remediation Project (HYPREP) has established a 16-member Environment Champion Group. Led by HYPREP Project Coordinator Professor Nenibarini Zabbey, the group was inaugurated at the Project Coordination Office (PCO) in Port Harcourt, Rivers State,…
The Manufacturers Association of Nigeria (MAN) has reacted to the new price of Premium Motor Spirit (PMS), popularly known as petrol, warning of a high possibility of a rise in inflation figures, impacting household budgets. In a statement by its Director-General, Segun Ajayi-Kadir, on Wednesday, the association enumerated the impacts of the petrol price adding…
The Minister of Agriculture and Food Security, Senator Abubakar Kyari, in an appeal during the visit of the United Nations Deputy Secretary-General, Dr Amina Mohammed, to Nigeria recently called for a more robust partnership with the United Nations to achieve sustainable agricultural development and food security. Kyari, who spoke at the partnership meeting emphasised the…
Illegal miners will no longer have it cool in Nigeria. This is because the authorities have decided to haunt them and stop their illegal activities, which have over the time negatively impacted the economy. Following this development, the Minister of Solid Minerals Development, Dele Alake has taken decisive action against illegal mining in Kogi and…
The Federal Competition and Consumer Protection Commission has dismissed claims that it plans to regulate the prices of food items and other commodities in the Nigerian market. It clarified that its recent directives are solely aimed at curbing exploitative practices and maintaining a competitive marketplace in a statement by its Director, Special Duties and Strategic…
The chairman of the presidential committee on fiscal policy, Taiwo Oyedele said the committee has proposed the removal of taxes on food, public transportation, and house rents, to ease the financial burdens of Nigerians. Oyedele during an interview with Channels TV in Abuja said the proposal also includes the exemption of value-added tax (VAT) on…
The National Agency for Food and Drug Administration and Control (NAFDAC) has condemned an online media report titled “Investigation: Milk or Mimic: Nigeria’s Dairy Market, a Hub for Inferior EU Products” dated August 27, 2024. NAFDAC through its official X handle, formerly Twitter, on Sunday said milk which is modified in composition by the addition…
The governor of Osun State, Asiwaju Ademola Adeleke, has pleaded with farmers to sell at reasonable prices to consumers. It was in a bid to cushion the effects of rising prices of food items in the state and Nigeria at large. The governor made the appeal at the Ayegbaju Market during the launching of a…
