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Agriculture in Nigeria

  • Africa's Economic Future Depends on Its Farms

    BOTSWANA, 2017/10/16 At the same time as the economies of Nigeria and South Africa recently rebounded, it wasn't oil or minerals that did the trick. It was agriculture. Faster and additional sustainable agricultural increase is crucial not only to the continent's economy, but as well to its ability to feed and employ its surging people. Agriculture still accounts for a quarter of gross domestic product and as much as two-thirds of employment in sub-Saharan Africa. In fact, agricultural increase has the biggest impact on non-farm gain and reducing poverty.
  • Nigerian Investor Sets Up $135 Million Commodities Exchange

    CHINA, 2017/09/09 A Nigerian startup is developing a new agricultural commodities exchange in Africa’s most populous country to take chance of the government’s efforts to boost farming output to reduce reliance on oil. The exchange, Integrated Produce City Ltd., will be located near the southern city of Benin, about 300 kilometers (186 miles) east of Lagos, Nigeria’s commercial hub, a site accessible to nearby growers of cocoa, palm oil, rubber and cassava, Chief Executive Officer Pat Utomi said in an interview.
  • Nigeria's Vice President Commissions Green House Project

    NIGERIA, 2017/08/26 Vice President Yemi Osinbajo, SAN Thursday commissioned a number of projects and held meetings with Mambila Plateau Stakeholders in Jalingo, Taraba National. The VP during the visit, commissioned a 5-hectare 'Green Home' serviced by Onida Agri Solutions, producing vegetables inclunding 250 tonnes of tomatoes per hectare.
  • Nigeria: Obasanjo to Commercial Banks - Lower Interest Rates for Farmers

    NIGERIA, 2017/08/18 Former President Olusegun Obasanjo has urged commercial banks to lower their interest rates to enable farmers access loans for improved agricultural production. Obasanjo made the call at the opening ceremony of the 2017 Niger National Investment Summit held at the Justice Idris Legbo Kutigi Conference Centre, Minna.
  • Nigeria Pulling Out of Recession Through Agricultural Activities

    NIGERIA, 2017/03/22 Presidential spokesman Garba Shehu says efforts to get the country out of its present economic challenges is beginning to yield positive results, particularly in the area of agriculture. The presidential aide said this in a statement issued in Abuja on Sunday. According to him, an increase in the volume of rice production and processing across the country is by presently saving the country a lot of foreign exchange.
  • Nigeria: Govt, States to Spend 1.8% of Budgets On Agriculture

    NIGERIA, 2017/01/17 The federal and national governments will spend less than two % of their N13.5 trillion total budgets this year on agriculture despite their publicised commitment to the sector, Daily Trust investigations have shown. Analysis of the 2017 combined spending of the federal and 30 national governments shows that they will spend N254 billion (1.8 %) on agriculture. This figure is slightly higher than the N196.3 billion (1.6 %) they spent on the sector last year. About half of these figures would be expended on running the bureaucracies of the agric ministries and their related agencies of forestry, rural development and water resources, part others.
  • Nigeria: ERA/FOEN Wants Imposition of 150% Special Levy On Tobacco Products

    NIGERIA, 2017/01/17 The Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) has canvassed the immediate imposition of a minimum of 150 % appropriate levies on all tobacco products. Minister of Finance, Mrs. Kemi Adeosun, had, in a circular to the Nigeria Customs Service (NCS) two weeks ago, announced a raise of import business on tobacco from 20 % to 60 %. Other products that as well had their duties reviewed upwards are imported rice, sugarcane, cassava products and salt, part others.
  • Katsina Gov To Acquire 1000 Tractors For Farmers

    INDIA, 2016/08/25 The Katsina National government has pledged to assist farmers in the national to acquire about 1000 tractors in the next three years to make farming fully mechanised in the national. The appropriate adviser to the governor on Agriculture, Dr Abba Abdullahi, stated this at the same time as the deputy governor and Commissioner for Agriculture, Alhaji Mannir Abdullahi, inspected the initial tranche of 50 tractors under Katsina Mahindra Agricultural Intervention Programme that have arrived in Katsina.
  • Nigerian banks target N300 billion for SMEs, agric sector

    NIGERIA, 2016/01/04 The Bankers Committee said it has set a target of N300 billion to boost lending to Small and Medium Scale Enterprises (SMEs) and the agriculture sector in 2016. The Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, said this while briefing journalists on the communiqué released next the 7th Annual Bankers Committee Retreat held in Lagos from December 10 to 11. The theme of the conference was “‘Creating an Enabling Environment for SME Increase’. Mr. Emefiele said that the facilities would not only be for SMEs, but as well to large scale farming companies.
  • Nigerian agricultural produce exporters seek end to EU ban

    NIGERIA, 2015/10/31 Some stakeholders in the Agro-Commodity Export on Sunday urged the Federal Government to address the ban placed on some Nigerian produce by the European Union. Obiora Madu, the Chairman, Export Group of the Lagos Chamber of Commerce and Industry (LCCI), made the appeal at the same time as he spoke with the News Agency of Nigeria in Lagos. He spoke on the sidelines of a one-day interactive conference with exporters. Mr. Madu said that it was imperative for the government to resolve the issue before the June 2016 deadline given by the EU to correct the anomaly. “Yes, there are a lot of export markets beyond Europe but if we do nothing, it is likely to escalate at the same time as other nations join the EU to reject our produce again we are in trouble.