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…
Data on the Gross Domestic Product, GDP report has shown that Nigeria’s agric growth slowed to 1.4 percent in the second quarter of 2024 on worsening insecurity and rising production costs, On a year-on-year basis, the sector grew by 1.41 percent in real terms from 1.50 percent, a decrease of 0.09 percent points from the…
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…
Abuja based Agri businessman Akomolafe Bankole is still in pains over the demolition of his poultry farm in Abuja by the Federation Capital Territory Development Authority. The poultry farm worth N150 million located in Lokogoma area in Abuja was demolished, according to him, without any form of notification. The demolition, which also resulted in the…
The Federal Government has handed over 24,180 bags of 50kg maize and 5,828 bags of 25kg ‘garri’ to the Akwa Ibom Government for distribution to vulnerable households. Zubaida Umar, the Director-General of the National Emergency Management Agency (NEMA), made the presentation on behalf of the Federal Government in Uyo. Represented by Mmandu Aisueni, the Head…
A sociocultural group in southeastern part of Nigeria, the Igbo Ekene Global Development Union, IEGDU has taken a bold step to sensitise Nigerians on the importance of climate-smart agriculture and sustainable agricultural practices in the country. The Union demonstrated this during its celebration of the 2024 National Indoor plant week. At the event, the President…
Next year will witness aggressive efforts at development in sugar project in Nigeria. This follows the pledge by the Executive Secretary of the National Sugar Development Council, Kamar Bakrin. He said his council has set 2025 as the year for intensified efforts towards sugar project development in the country. Bakrin made this declaration during a…
The House of Representatives member for the Mbaitoli/Ikeduru (Mbaike) Federal Constituency, Hon Akarachi Amadi has flagged off the distribution of over 800 bags of fertiliser to the 63 communities in his Mbaike constituents. This distribution took place at his Constituency Office in Owerri, the Imo state capital. In a statement issued by the Head of…
Soon the government at the federal and state levels will no longer need to go to any foreign company, putting pressure on the country’s foreign reserve to import tractors to the country. This is because by next year it will be possible to purchase tractors locally. The hope towards this end was raised by the…
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…
