Tag "agriculture"

    Adamawa, Nasarawa, Plateau approved as pilot states for livestock transformation plan project

Adamawa, Nasarawa, Plateau approved as pilot states for livestock transformation plan project

The National Economic Council (NEC) has approved Adamawa, Plateau, and Nasarawa as pilot states for the national livestock transformation plan (NLTP). Dave Umahi, the chairman of the council's sub-committee and governor of Ebonyi state, made this known to journalists at the end of the council's meeting, on Thursday. The council, presided by Vice President Yemi Osinbajo requested the states to submit their [...]

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    $5m tomato processing plant ‘commences’ in Kaduna

$5m tomato processing plant ‘commences’ in Kaduna

Tomato Jos, an agricultural production company, says it has "commenced" a $5 million tomato processing plant in Kaduna state. The company, which operates a commercial farm system, made the announcement via its Twitter handle on Monday. "Today, the 27th of January, 2020, we commence our most audacious project yet; a 5million dollar tomato processing plant in Kaduna State," the tweet read. https://twitter.com/TeamTomatoJos/status/1221682278377705472 The company [...]

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    Ghana directs state agencies to start buying local rice

Ghana directs state agencies to start buying local rice

President Nana Akufo-Addo of Ghana has directed state institutions to purchase locally produced rice from January 2020. He gave the directive while addressing journalists at the Jubilee House, in Accra, on Friday. Akufo-Addo said the decision was made to support farmers and boost local production of rice. He said the locally produced rice is what is consumed in his home, adding that state [...]

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    Farmers: Borders should remain closed, we can produce enough rice to feed Nigerians

Farmers: Borders should remain closed, we can produce enough rice to feed Nigerians

Gombe state chapter of Rice Farmers Association of Nigeria (RIFAN) says farmers in the country can produce enough rice to feed Nigerians and to export. Kalagar Lubo, state secretary of RIFAN, said the rain in October will increase the yield of rice farmers to meet local need. Speaking with the PUNCH on Tuesday, he said the border closure is a positive development [...]

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    Abuja farmer killed 4 of my cows, herder tells court

Abuja farmer killed 4 of my cows, herder tells court

Samson Aku, a 67-year-old farmer, has been charged to court by the Nigerian police for allegedly killing animals. The farmer, who resides at Friendship street, SCC road in Bwari, Abuja, was accused of killing some animals which belonged to Idris Wada, a herder. Wada, the chief prosecution witness, told a Dutse grade I area court in Abuja, on Wednesday, that he lost four [...]

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    Osinbajo inaugurates livestock transformation plan in Adamawa

Osinbajo inaugurates livestock transformation plan in Adamawa

Vice-President Yemi Osinbajo launched the National Livestock Transformation Plan (NLTP) in Adamawa state on Tuesday. The plan was developed by states and adopted by the national executive council (NEC) to address the farmer-herder crisis in the country. In a tweet, Laolu Akande, Osinbajo's media aide, said the launch of the NLTP should not be confused with RUGA, a plan which was suspended [...]

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    Osinbajo: Young people embracing agriculture because of technology

Osinbajo: Young people embracing agriculture because of technology

Vice-President Yemi Osinbajo says young people are embracing agriculture because of technology.  Osinbajo spoke during the presidential panel discussion session of the African Green Revolution Forum which held in Accra, Ghana, on Wednesday. The theme of the forum was “Grow Digital: Leveraging Digital Transformation to Drive Sustainable Food Systems in Africa.''. President Nana Akufo-Addo of Ghana, Edouard Ngirente, prime minister of Rwanda, and [...]

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    Oyetola urges youth to embrace agriculture

Oyetola urges youth to embrace agriculture

Gboyega Oyetola, governor of Osun state, has called on youth across the country to engage in agricultural activities rather than investing their time in cyber-crime. The governor said this during a facility tour of Bob Jones Farm Limited at Obadimu community, Orolu local government area of the state, on Monday. He said his administration is committed to revamping the agricultural sector in [...]

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    EXTRA: Nigeria can feed the entire world, says ministerial nominee

EXTRA: Nigeria can feed the entire world, says ministerial nominee

Uchechukwu Ogah, ministerial nominee from Abia state, says Nigeria has all it takes to feed the entire world. He said this while responding to questions from senators during the screening of ministerial nominees on Wednesday. President Muhammadu Buhari had submitted a list of 43 ministerial nominees, which was read at the senate plenary on Tuesday. Ogah, who was the first nominee to be [...]

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    Whistle-blower alleges disappearance of recovered $2bn loot, demands probe

Whistle-blower alleges disappearance of recovered $2bn loot, demands probe

Adamu Yusuf, a retired general, has alleged that "looted funds" denominated in US dollars and gold bars estimated to be worth N2 billion recovered through an informant suddenly disappeared without a trace in neither the Central Bank of Nigeria (CBN) nor ministry of finance. In an interview, Yusuf, who played active roles in the recovery of the funds believed to be [...]

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    Are you a farmer? Here’s how you can access up to $1m loan

Are you a farmer? Here’s how you can access up to $1m loan

The International Fund for Agricultural Development (IFAD) has launched a multi-million euro fund which provides loans and equity investments for rural small and medium scale enterprises (SMEs), farmers' organisations, agricultural entrepreneurs and rural financial institutions across the globe. The agribusiness capital (ABC) fund launched during IFAD’s annual general council meeting in Rome, Italy, seeks to mobilise 200 million euros from investors [...]

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    FG has made many millionaires from agriculture, says minister

FG has made many millionaires from agriculture, says minister

Heineken Lokpobiri, minister of state for agriculture, says with the support of International Fund for Agricultural Development (IFAD), the federal government has made "many millionaires" from agriculture. TheCable has not been able to verify the minister's claim. In a statement on Wednesday, George Oji, media aide of Lokpobiri, quoted the minister as making the claim when Lisandro Martin, IFAD regional director for [...]

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    Dogara: Until we have mechanised farming, any talk of progress in agriculture is cheap

Dogara: Until we have mechanised farming, any talk of progress in agriculture is cheap

Yakubu Dogara, speaker of the house of representatives, says as long as Nigerians are not running mechanised farms, any talk of progress in the agricultural sector is cheap. Dogara said this in an interview he granted to Daily Trust. The speaker said there is no way the country could feed its increasing population if its farmers are using crude implements [...]

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    Challenges of the premium bread brand in Nigeria

Challenges of the premium bread brand in Nigeria

BY JEREMIAH AGADA As many sectors and industries within the Nigerian economy are slowly picking up pace after a turbulent era of recession, the bread sector, specifically the premium bread subsector has remained comatose. This baffling reality has continued to baffled economists and stakeholders who feel the reverse should have been the case considering that the bread industry is very active [...]

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    Here’s how to get a single-digit interest loan from your bank

Here’s how to get a single-digit interest loan from your bank

The Central Bank of Nigeria, on Monday, released the guidelines for its new credit policy, which is aimed at providing funds to the agriculture and manufacturing sector at a single digit interest rate. According to the guidelines, the maximum amount accessible by a party is N10 billion. The loans can be received from any bank which has contributory cash reserve ratio with [...]

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    Youth in agribusiness, President Buhari and opportunities in Nigeria

Youth in agribusiness, President Buhari and opportunities in Nigeria

BY AGBAJI CHINEDU Agribusiness can be seen as a science and practice of activities with backward and forward linkage related to production, processing, marketing and trade, distribution of raw and processed food, feed, fiber including the supply of inputs and service for these activities. In a developing country like Nigeria, agribusiness system with forward and backward linkages consists of the following [...]

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Exchange Rates

March 25, 2019USDGBPEUR
INTERBANK306397354
LAGOS380478402
KANO375477498
PH380478498
ABUJA375476400
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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