Friday, September 21, 2018

Tag "agriculture"

    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 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 [...]

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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 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 [...]

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    Ndidi Nwuneli: There are opportunities in agriculture

Ndidi Nwuneli: There are opportunities in agriculture

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 [...]

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    Agriculture — key to sustainable development in Nigeria

Agriculture — key to sustainable development in Nigeria

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 [...]

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    Buhari: Nigeria has been turbulent under me

Buhari: Nigeria has been turbulent under me

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 [...]

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    Akinwumi Adesina: Africa’s agriculture sector will be worth $1trn by 2030

Akinwumi Adesina: Africa’s agriculture sector will be worth $1trn by 2030

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 [...]

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    Council of state recommends $1bn for agriculture, livestock

Council of state recommends $1bn for agriculture, livestock

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 [...]

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    Some people demarketing our state for selfish reasons, says Amosun on rumour of fake rice

Some people demarketing our state for selfish reasons, says Amosun on rumour of fake rice

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 [...]

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    Nigeria to export 5,760 tonnes of yams in 2018

Nigeria to export 5,760 tonnes of yams in 2018

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 [...]

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    Nigeria strides into Q4

Nigeria strides into Q4

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 [...]

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    Majority of those who went for hajj this year are farmers, says Osinbajo

Majority of those who went for hajj this year are farmers, says Osinbajo

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 [...]

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    Ebonyi to partner with 50,000 farmers ‘to eradicate hunger’

Ebonyi to partner with 50,000 farmers ‘to eradicate hunger’

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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    Buhari: In a country of over 450 ethnic groups, only God can do it

Buhari: In a country of over 450 ethnic groups, only God can do it

President Muhammadu Buhari on Tuesday admitted the challenges of the multiplicity of ethnic groups in the country.Speaking at the inauguration of Edo State University, Iyamho, in Etsako West local government area of the state, Buhari said Nigeria made itself a mono-economy by "throwing away everything for petroleum."Buhari also declared that multiparty system remained the best option in Nigeria’s democracy considering [...]

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    ALERT: Locusts from Niger threaten Nigeria’s food security

ALERT: Locusts from Niger threaten Nigeria’s food security

The federal government has alerted farmers of locusts and quelea birds coming into the country from Niger Republic..Audu Ogbeh, minister of agriculture and rural development, gave the warning in Abuja during an emergency meeting with commissioners for agriculture from 24 states.Ogbeh expressed fear that the current hunger in the country would further be exacerbated if the alert from Niger was [...]

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Exchange Rates

September 21, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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