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Agriculture

FADAMA to Engage 6,000 Youths in Agric Business

The federal government and the World Bank under the FADAMA III Project have approved a new programme initiative under the Graduate Unemployment Youths Support Scheme known as FADAMA GUYSS, with the aim of engaging about 6,000 youths in agricultural enterprises. The Fadama National Project Coordinator (NPC), Mr Tayo Adewumi, disclosed this in Akure, the Ondo State capital, during the meeting with the Ondo State Federated Fadama Community Association (FFCA) and which was attended by various stakeholders under the scheme.…

Umeofia: Nigeria Will Be Self-sufficient in Tomato Production in 18 Months

The President/Chief Executive Officer of Erisco Foods Limited, Mr. Eric Umeofia, on Wednesday applauded the recent federal government’s policy on Tomato, saying it would increase manufacturing, farming and the entire tomato value chain. This, he added, would in turn change Nigeria from an importer of this product to a major exporter. Specifically, Umeofia who has been an advocate of the policy, noted that the increase in tariff on importation of tomato concentrate to 50 per cent and levy of $1,500 per metric tonnes slated…

Nigeria: Govt to Pump N3 Trillion Into Bank of Agriculture

Abeokuta — The federal government plans to pump N3trillion into the Bank of Agriculture (BoA) with the aim of making farmers have access to fund at an affordable interest rate. According to the government, access to funding remained one of the biggest challenges facing farmers in the country. The Minister of State for Agriculture, Senator Heineken Lokpobiri‎ disclosed this in Abeokuta, Ogun State capital during the inaugural harvest of a Tillapia fish farm of Premium Aquaculture Limited, Oyan Dam. He said commercial banks…

FAO calls for investments in agriculture to address crisis in Lake Chad Basin

The Food and Agriculture Organisation (FAO) has called for critical investments in agriculture and climate change relief to address the crisis in Africa’s strife-torn Lake Chad Basin, where hunger, poverty and a lack of rural development prevail. The Director-General of FAO, José da Silva, stated this in Rome following his visit to some of the…

Updated: FG announces new tomato policy to grow local industry, curb wastage

…Policy to curb 40% wastage,create 60 000 direct jobs ‎….Importers of tomato paste to pay $1 500 per metric tons The Federal Government on Tuesday, said it is coming up with a policy to protect Nigeria’s tomato industry, valued over $180 million, address concerns posed by post harvest losses and address the concentrate needs of…

Kaduna govt. to procure 55,000 tones of fertilizer

Kaduna State Government plans to procure 55,000 metric tones of fertilizer for the 2017 farming season, a lawmaker said on Tuesday. Alhaji Kasim Iliyasawa, Chairman, Kaduna State House of Assembly Committee on Agriculture, made the disclosure in an interview with newsmen in Kaduna. Iliyasawa said that the figure was higher than the 35,000 metric tones…

US$ 232 million needed to tackle food insecurity in Lake Chad Basin in three years, says FAO

The Food and Agriculture Organization of the United Nations on Friday said it needs to immediately scale up its intervention in four Lake Chad Basin countries of Nigeria, Niger, Chad and Cameroon to address the case of three million food insecure people due largely to the Boko Haram crisis. The organization who lamented that its budget of US$ 232 million in the next three years (2017-2019) is largely not meant by financiers, said in Nigeria alone US$ 191 million is required to safe 2.5 million people the Boko Haram crisis…

Benue to begin yam export in June – NEPC

Benue will begin the processing, marketing and packaging of yam for export in June this year, the Nigerian Export Promotion Council (NEPC) said in Makurdi on Thursday. Emmanuel Etim, Head of NEPC Export Assistance Office in Benue, disclosed this during a two-day stakeholders training and awareness for Nigerian Yam Export Programme. The theme of the…

FAO seeks $62m to support agriculture in North-East

Food and Agriculture Organisation (FAO) has appealed to the UN to release 62 million U.S. dollars to support wet-season farming in the north-eastern part of the country. Nourou Tall, the Acting FAO Country Representative in Nigeria, made the appeal at a news conference in Maiduguri on Thursday. “In 2017, FAO is asking for 62 million dollars, under the Humanitarian Response Plan, for Nigeria. “Of this, 20 million dollars is urgently required to reach 1.9 million people during the upcoming main planting season that will start…

Newly-established Development Bank will boost Nigeria’s economy – ECCIMA

The Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) says the newly-established  Development Bank of Nigeria will boost the real sector of Nigerian economy through long term funding. The President of ECCIMA, Ugochukwu Chime, made the statement while speaking with the News Agency of Nigeria (NAN) at the ongoing 2017 Enugu International Trade Fair. Asides appointing a new board and management, the Federal Government has given the bank an  initial capital base of one billion dollars. “For long, funding…

Cassava farmers in Kogi laud FADAMA III programme

Cassava farmers in Kogi have commended the World Bank’s FADAMA III Additional Financing (AF) programme, saying that it has elevated cassava farming to a lucrative venture.   The farmers from the three senatorial districts of the state extolled the programme in separate interviews with News Agency of Nigeria (NAN) in Ojapata after a visit to…

UPDATE: Costs of rice, garri others soar as inflation rate drops for the first time in 15 months

Nigeria inflation rate finally fell for the first time since 2015 as consumer price index (CPI), which measures inflation in the economy went down in what signals as a recovery in the Nigerian economy even as price of food commodities continue to rise. The National Bureau of Statistics (NBS) says the inflation rate dropped from 18.72 percent in January 2017, to 17.78 percent in February 2017. However, the price of food commoditoes like garo, rice have skyrocketed by over 70 per cent between February 2016 and February 2017.…

Nigeria freights tomatoes by rail for first time in 58 yrs

… To recover 40% losses … As agribusiness practitioners look to Govt, private sector to address challenges. Nigeria will today record a milestone achievement after 58 years, as a cargo of tomatoes which left Kano at 9 am on Monday by rail is expected to arrive Lagos early this (Wednesday) morning. It typically takes between…

FG to restructure BoA for efficient service delivery – Ogbe

The Federal Government on Tuesday says it will restructure the Bank of Agriculture (BOA), to support the diversification programme of the present administration. The Minister of Agriculture, Audu Ogbe gave the hint at the launch of Capacity Building and Institutional Strengthening of Bank of Agriculture in Kaduna. Represented by Godwin Obinna-Opara, an official of the…