Tag "agriculture"

    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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Adesina: We’ll raise Africa’s industrial GDP to $5.6tn in 2025

Akinwumi Adesina, president of the African Development Bank (AfDB) says the bank plans to raise Africa’s industrial Gross Domestic Product (GDP) to 130 per cent by 2025 and drive the overall GDP from $2.3 trillion to $5.6 trillion to enhance industrialisation.Adesina said structural transformation was needed to ensure sustainable, inclusive and shared growth in Africa. According to him, structural transformation will [...]

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Adesina: We’ll raise Africa’s industrial GDP to $5.6tn in 2025

Akinwumi Adesina, president of the African Development Bank (AfDB) says the bank plans to raise Africa’s industrial Gross Domestic Product (GDP) to 130% by 2025 and drive the overall GDP from 2.3 trillion dollars to 5.6 trillion dollars to enhance industrialisation.Adesina said structural transformation was needed to ensure sustainable, inclusive and shared growth in Africa.According to him, structural transformation will [...]

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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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    Decline in oil prices: Minister advocates effective tax system, improved agriculture

Decline in oil prices: Minister advocates effective tax system, improved agriculture

Abubakar Suleiman, minister of national planning, on Monday called for the strengthening of Nigeria’s tax system and improvement of the agricultural sector to make the country less dependent on oil.Suleiman made the call in an interview with the NAN in Abuja in reaction to new fiscal measures announced by the federal government on Sunday following global drop in oil price.He [...]

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    Nigeria to become Africa’s largest rice exporter ‘in 5 years’

Nigeria to become Africa’s largest rice exporter ‘in 5 years’

The minister of agriculture and rural development, Dr Akinwumi Adesina, has projected that Nigeria would become Africa's largest exporter of rice in five years.Adesina spoke on Monday during the inaugural ceremony of the 105,000-tonne capacity Olam Rice Mill in Rukubi, Nasarawa State.He said that the federal government, in collaboration with the private sector, was determined to make the country a [...]

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    Hunger deadlier than AIDS

Hunger deadlier than AIDS

Today, being the World Hunger Day, offers a reminder on the importance of food to healthy living, and the need to continue exploring all possibilities for eradicating hunger in the world.Millennium Development Goal 1, for example, seeks to "eradicate extreme poverty and hunger',' or by 2015 at most, reduce by half, the population of people living in hunger.So, how well has this been achieved?Taking [...]

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    Shema: Agriculture is a must-do enterprise

Shema: Agriculture is a must-do enterprise

To break the circle of unemployment in Nigeria and open the "window of opportunities" for young entrepreneurs, Agriculture must be taken as a must-do enterprise.Speaking on Friday in Abuja at the ongoing World Economic Forum on Africa (WEFA), Governor of Katsina State, Ibrahim Shema, said the time has come for Nigeria see Agriculture as a major economic venture, as the sector can only [...]

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Exchange Rates

January 20, 2019USDGBPEUR
INTERBANK306397354
LAGOS355444389
KANO354445370
PH355447412
ABUJA356454413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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