April 13, 2021
  • April 13, 2021

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Nigeria has capacity to achieve food self-sufficiency soon ~CBN

by on March 3, 2021 0
By Oludare Mayowa The Central Bank of Nigeria (CBN) Governor Godwin Emefiele has expressed optimism that Nigeria has the capacity to achieve food self-sufficiency within the shortest time possible. According to Emefiele, the CBN and Rice Farmers’ Association of Nigeria (RIFAN) both target cultivation of 1million hectares of rice farms; which is over 350... Read More

Nigerians should expect drop in prices of food items ~Farmers

by on November 1, 2020 0
The current high cost of food across the country may soon be over as Farmers and other stakeholders in the agricultural sector are projecting that Nigerians would soon experience a gradual fall in prices as bumper harvests are envisaged by growers of foods crops. According to the All Farmers Association of Nigeria (AFAN) and... Read More

The weak link in CBN intervention in agricultural sector

by on October 20, 2020 0
In this review, analysts at United Capital Plc, an investment banking group examine the CBN N190 billion intervention to boost food production in the country. In their conclusion, they said “except the structural and strategic challenges confronting the Agric sector are resolved, the inefficiencies in the Agric sector are unlikely to disappear overnight.” In... Read More

Nigeria increases rice production by 1.2 mln metric tons in 5-year

by on September 29, 2020 0
Nigeria has increased local production of rice to around six million metric tons from 4.8 million metric tonnes of milled rice in 2015, the minister of State for Agriculture has said. Mustapha Shehuri said federal government intervention in the rice value chain has raised production by 1.2 million metric tonnes within three years. Shehuri,... Read More

Nigeria plans to invest N600 bln to boost agriculture sector

by on August 30, 2020 0
Nigeria plans to invest around N600 billion as stimulus-response to boost productivity in the agriculture value chain, the Minister of Agriculture and Rural Development, Sabo Nanono said on Sunday. The minister, who was on a tour of Dangote Fertiliser Plant and other fertiliser companies in Lekki Free Trade Zone in Lagos said the stimulus... Read More