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 &…
Vice President Kashim Shettima on Tuesday called for a collective effort to reform the economy, through accelerated diversification, industrialization, digitization, creative arts, manufacturing, and innovation, all of which are targeted toward sustained inclusive economic growth. This is as the vice president vowed to not relent in implementing fiscal reforms on the economic structure of the…
Sesan Olowa, Chairman, Ibeju-Lekki Local Government Area of Lagos State has disclosed that the council has concluded its plans to boost agricultural produce within the council area. This, he said, would enable the council to also raise more revenue, disclosing that towards this end, the council is embarking on the establishment of cassava plantation hubs….
The step towards improving on agricultural productivity in Nigeria has a new dimension in the use of technology. This will include the introduction of satellite to ease the practice of agriculture. The authorities are using one of its agencies to introduce the technology. That agency is the National Space Research and Development Agency, NASRDA. The…
300 farmers comprising 140 livestock farmers, 140 cassava and maize farmers and 20 tomato farmers from three Farmers Community Associations ( FCA ), which includes beneficiaries of the Youth Entrepreneur Agro-preneur Programme (YEAP), have been empowered with agricultural inputs for use in their respective agrotypes in the fourth phase of Oyo Community Action Resilience And…
The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso on Wednesday, delivered fertilizers amounting to over N100bn to the Federal Ministry of Agriculture and Food Security FMA&FS. The gesture is part of efforts to boost food security in Nigeria. Cardoso said farmers will receive over 2.15 million bags of fertilisers, noting that one…
In the bid to avert the damage of perishable food crops from farm to markets in Cross River State, Governor Bassey Otu, has approved immediate construction of new roads in rural communities. This is to enable farmers to evacuate produce from their agricultural plantations without stress. Governor Otu announced that the executive has ratified and…
The budgetary allocation for the school feeding programme is a further demonstration by the administration of Bola Tinubu that it is a lover of children and education. This was stated by Dr. Yetunde Adeniji, the Senior Special Assistant (SSA) to President Bola Tinubu on School Feeding at an event in Abuja. She said that by…
The Abuja Investments Company Limited (AICL) is calling for collaborative partnerships between agricultural stakeholders, renewable energy experts, and the Nigerian Government to harness the vast investment potential that Abuja has to offer. According to AICL’s Group Managing Director, Ambassador Maureen Tamuno, the initiative follows the success of the inaugural Abuja Business and Investment Summit (ABIS…
TRADERS IN FOODSTUFF AND CATTLE DECRY MULTIPLE TAXATION IN SOUTH-SOUTH AND SOUTHEAST The Amalgamated Union of Foodstuff and Cattle Dealers of Nigeria (AUFCDN) has decried the multiple taxes imposed on them on South-East and South-South highways. The national president of AUFCDN, Mohammed Tahir, made this known during a meeting of the union in Enugu on…
