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 [...]
Tag "agriculture"
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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 [...]
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 [...]
BY JEREMIAH AGADAAs 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 [...]
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 [...]
BY AGBAJI CHINEDUAgribusiness 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 [...]
Ndidi Nwuneli, founder of Leadership, Effectiveness, Accountability and Professionalism (LEAP) Africa, has advised Nigerians to key into the vast opportunities that abound in agriculture.Nwuneli spoke during the weekend at “Exploit 2018,” a small and medium enterprise (SME) focused empowerment programme organised by Salem International Christian Center (SICC) in Lagos.According to her, Nigerians tend to “box themselves in one corner” when [...]
I was invited by the FRANCO/NIGERIAN Chamber of Commerce and Industry in Nigeria on Monday 26th of March 2018 to deliver the keynote address on a subject dear to my heart with subject-AGRICULTURE: KEY TO SUSTAINABLE DEVELOPMENT IN NIGERIA and the thrust of my treatise centered on a Policy framework that recognizes the need for a structured Agricultural value chain [...]
President Muhammadu Buhari says the country has gone through “very turbulent” times in the past three years of his administration.He said this on Monday while inaugurating the National Food Security Council at the presidential villa, Abuja.“Nigeria’s journey in the last three years has been a very turbulent one,” he said, adding: “The country’s need for critical job-creating sectors which has been ignored [...]
Africa’s agriculture market is expected to rise to a valuation of $1 trillion by 2030, says Akinwumi Adesina, president of African Development Bank (AfDB).Adesina said this on Thursday during a keynote address at the 94th US department of agriculture outlook forum held in Virginia."For too long, Agriculture has been associated with what I call the three Ps - pain, penury, and poverty. The [...]
The council of state has recommended that $1 billion be spent on agriculture.The council meeting which was presided over by President Muhammadu Buhari increased the spending from $200 million to $1 billion on Thursday.The funds will be disbursed through the Anchor Borrower and Commercial Agriculture Credit Scheme (CACS) Programmes.This is geared towards encouraging diversification of the economy and promoting food security.After the meeting, Ibikunle Amosun, governor [...]
Ibikunle Amosun, Ogun state governor, has described as “mischievous” reports that the bags of rice recently displayed by the state government is fake.Some critics of the current administration in the state had said the rice pyramid recently mounted by the government is mixed with sands.They also said the Mitros rice locally produced by the state is not available for sales [...]
The Technical Committee on Nigeria Yam Export Programme says it is targeting to export about 480 tonnes of yams per month in 2018.Simon Irtwange, chairman of the committee, said the United States has requested for the supply of five containers monthly, which amounts to 120 tonnes of yams monthly, while there are demands from other countries as well.Speaking in Abuja [...]
Nigeria displayed its resilience in the global arena on repeated occasions this year, by confronting a currency crisis, navigating depressed oil prices and rebounding from an economic deceleration.With the nation currently in the process of recovering from its worst slump in 25 years, despite the headwinds created from both external and internal risk, the overall outlook remains highly encouraging.Annual [...]
Vice-President Yemi Osinbajo says majority of those who went for hajj this year are farmers.Hajj, one of the five pillars of Islam, is a pilgrimage to Mecca. All Muslims are expected to make at least once during their lifetime if they can afford to do so.In an interview with Zain Asher, a CNN journalist, the vice-president said farmers could afford [...]
The Ebonyi state government says it will partner with over 50,000 farmers to boost agriculture and the state's internally generated revenue (IGR) before the end of the year.David Umahi, governor of the state, said this over the weekend when he received Zero Hunger Forum, an international group, in Abakaliki, the state capital.He said apart from the farmers, 8,000 civil servants [...]
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