Lockdown: Agric stakeholders warn of famine

Recently, the Poultry Association of Nigeria (PAN) advised Nigerians to prepare for famine in 2021, warning that the country’s current handling of lockdown across the nation caused by COVID-19 outbreak, leaves much to be desired. Taiwo Hassan reports     Indeed, it is very clear that the federal and state governments are confronted with basically two COVID-19 issues, one is the threat to lives of citizens and the other is the negative impacts of the virus on all the facets of the economy. Basically, in as much as saving lives…

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Nigeria loses $10bn to non-export of agric products

Following the slow growth of Nigeria’s value-added per capita in agriculture at less than one per cent yearly in the last 20 years, the Lagos Chamber of Commerce and Industry (LCCI) disclosed that Nigeria had lost $10 billion in annual export opportunity due to continuous decline in production of some essential agro allied commodities. Consequently, the chamber revealed that with the emergence of COVID-19, it is expected that the value-added per capita of the country’s agriculture would slow further amid inability to export essential agro allied commodities fuelled by continuous…

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NIRSAL to youths: Explore agric potentials

The Nigeria Incentives Based Risk Sharing System for Agriculture Lending (NIRSAL) is confident that Nigerian youths will make good fortunes from exploring agriculture potentials. NIRSAL Managing Director/ Chief Executive Officer, Aliyu Abdulhameed, said this in Kaduna at a workshop organised by the Forum for Agricultural Research in Africa (FARA) and the Arewa Research and Development Project (ARDP). He therefore enjoined youths to tap into NIRSAL Youth in Innovative Agribusiness (NYIA) , a scheme specifically designed to cater for youths desirous of taking to agriculture as a vocation. A statement by…

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LCCI: FG’s policy inconsistency stalls N2bn agric investment

  The Lagos Chamber of Commerce and Industry (LCCI) has disclosed that investors are finding it difficult to invest about N2 billion in full agro processing factories nationwide due to Federal Government’s policy summersaul t. According to a chieftain in the agro and non-oil sector of LCCI, lack of a policy direction has caused a United States-based firm to put on hold the investment in Nigeria. The source, who spoke with New Telegraph under the condition of anonymity during the association’s agric forum in Lagos, advised the Federal Government to…

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Nigeria’s agric and the challenges

Recently, the Minister of Agriculture and Rural Development, Chief Audu Ogbeh, linked private sector investments to the growing transformation in Nigeria’s agric sector. But these investors still have to contend with myriad of challenges. TAIWO HASSAN reports   On attaining the mantle of leadership as Nigeria’s president on May 29th, Muhammadu Buhari, without compromising his administration’s role, explained that he would give top priority to the agric sector. Particularly, President Buhari wooed the private sector to invest in agriculture, saying that this is the next ‘big thing’ in the country…

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Dissecting FG’s 5% interest rate on agric lending

One of the major challenges facing the country’s agric development is high interest rate, which farmers have been relying on the Federal Government for intervention, but the Agric Minister, Chief Audu Ogbeh, has said getting five per cent interest lending rate for farmers in the country is the priority of this administration. TAIWO HASSAN writes   It is no longer news that the Central Bank of Nigeria (CBN) is at the vanguard of promoting sustainability, food production and security in the country’s agric sector with various intervention funds targeted at…

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FG commended over agric revolution

The Managing Director of Crown Flour Mill Limited, Mr. Anurag Shukla, has lauded Federal Government’s strategic initiative of moving Nigeria from oil dependent to agric economy. He noted that the country had huge potential in agric economy if well harnessed, and that this could put Nigeria far ahead of other peer nations. Speaking with journalists in Abuja, Shukla said the agricultural arm of his firm- Olam, increased its leap in animal feed business. “The current administration has taken the right step in the area of agriculture. It is obvious that…

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FG empowers 90 Niger Delta graduates on agric business

The Federal Government, through the Ministry of Niger Delta Affairs has intensified its efforts towards sustaining peace in the Niger Delta region, with the latest training organised for 90 graduates on agriculture value chains development. From the official statement from the Ministry, the Minister of Niger Delta Affairs Ministry, Pastor Usani Uguru Usani, who was represented at the graduation ceremony in Calabar by Mr. Philip Ndiomu disclosed that the trained graduates were also empowered with N500,000 each as a start-up package for the various skills acquired during the training. He…

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NIRSAL rallies UNDP, FMARD to remove bottlenecks in agric

The Nigeria Incentive- Based Risk Sharing for Agricultural Lending (NIRSAL), a subsidiary of the Central Bank of Nigeria (CBN) in conjunction with the United Nations Development Program ( UNDP) and Federal Ministry of Agriculture and Rural Development (.FMARD) have collaborated to eradicate bottlenecks in rice and cassava value chain. According to the agreement terms sealed recently in Abuja , NIRSAL will contribute a total of $1,558,500, representing 20 per cent of the entire funding requirement of $8,066,500 to implement the project. Out of NIRSAL’s contribution, the sum of $558,500 is…

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Don: Nigeria can’t advance in agric without biotechnology

A Nigerian- born United States-based Professor of Microbiology and Biotechnology, Prof. Nwadiuto Esiobu, has advised policy makers in the country to embrace the adoption of biotechnology in advancing agriculture, saying that the food security drive of the Federal Government may not be realisable without the new technology. Esiobu, who is also the Chief Executive/ Founder of Applied Biotech in Nigeria and America, and a Professor at Biological Sciences Department, Florida Atlantic University, stated that she had decided to contribute to the development of biotechnology in Nigeria through her pilot project,…

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