FG flaws U.S Dept’s report on Nigeria’s rice import figures

The Federal Government on Tuesday flawed the United States Department of Agriculture World Markets and Trade Report on the volume of Nigeria’s rice imports this year and the local production capacity, saying the report lacks all evidential proofs. The Department had reported that Nigeria imported three million metric tonnes of rice in 2018, which is […]

AfDB approves $50m facility for Fidelity Bank

The African Development Bank has approved a US$50 million line of credit to Fidelity Bank Plc to support small and medium-sized, and women-owned enterprises in selected transformative sectors. The credit will also be accessible to close to 100 SMEs in manufacturing, health and education. According to a statement obtained from AfDB , the credit was […]

Brazil plans $1.1bn investment in Nigeria’s agric sector

The Brazilian Ambassador to Nigeria, Ricardo Guerra de Araujo, has said that the Brazilian government intends to invest $1.1 billion in Nigeria’s agriculture as part of its efforts to strengthen the two countries bilateral relations. The envoy was quoted as saying that an agreement between his country and Nigeria on the proposed investment plan in […]

Niger State acquires 130 tractors to enhance farming

Governor of Niger state, Abubakar Sani Bello, disclosed on Thursday that his administration had spent over N2 billion on the purchase of 130 tractors and other farming implements to encourage agricultural mechanisation in the state. He disclosed further that the state sold the equipments to farmers’ Cooperative Societies across the state. The Governor made this […]

FAO reports drop in global food prices in September

World food prices dropped in September from the month before, with only sugar posting a rise. In the latest Food Index Report by the Food and Agriculture Organisation’s (FAO), the monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 165.4 points in the month under review. The figure is against […]

NASC warns firms against production of fake seeds

The National Agricultural Seed Council (NASC), has warned seed companies against production of fake seeds while also urging farmers to adopt use of improved and high quality seeds for better yields. The Director General of the Council, Dr. Philip Ojo, who gave the warning at the commencement of an advocacy campaign for rural farmers on […]

FG backs digitization of agric sector to enhance performance

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has promised the ministry’s readiness to support efforts that would digitize and improve the performance of the nation’s agriculture sector. Ogbeh made this known during the 2018 farmers’ open day forum held in Abuja. The forum was an awareness programme, organised by a group known […]

AfDB extends $50m facility to support Nigeria’s rural populations

The African Development Bank (AfDB) has approved a $50 million line of credit to Nigeria’s Sterling Bank Plc to support micro, small and medium-sized enterprises (MSMEs) in strategic sectors, including agriculture, renewable energy and social sectors such as health and education. The facility, approved by the Bank’s Board on Tuesday, seeks to improve the quality […]

AfDB to invest $24bn in Africa’s agric sector, seeks support

The African Development Bank on Tuesday appealed to global partners to join hands with it to lift one billion people worldwide out of hunger. The bank stated that in demonstration of its commitment to end hunger globally it was and said investing US$24 billion in African agriculture over the next 10 years, being the largest […]

Fadama III Team Leader lists benefits to farmers, N/E communities

The Fadama III Task Team Leader, Dr Adetunji Oredipe, has said that rice farmers under the project have produced 1.5 million mt of rice paddy representing 29 percent of the national annual production in 2017 while tomato farmers produced 1.16 million mt of tomatoes representing 53.9 per cent of 2017 annual production. He disclosed also that […]