Business

‘Food crisis threat persists over FX shortage, others’

Despite the downward trend in food inflation in recent months, Nigeria is still facing the risk of a food crisis because the rising costs of fertilizers occasioned by forex scarcity, has forced farmers to reduce their use of fertilizers, analysts at CSL Research have said. In a note obtained by New Telegraph yesterday, the analysts […]

Business

Food security: X-raying Nigeria’s mechanisation programme

Mechanisation of Nigeria’s agric sector is one that has been identified as a major albatross to the country’s quest for self-sufficiency in food production. Unfortunately, it is also one of the most relegated priorities in national planning policy. CALEB ONWE writes Both government and critical stakeholders in the agric sector have agreed that Nigeria needs […]

Business

Food security: FG begins empowerment programme for farmers

…trains 300 cassava farmers As part of measures to curb looming food insecurity in the country, the Federal Ministry of Agriculture and Rural Development (FMARD) recently trained over 300 cassava farmers in Edo State. The cassava farmers were also given improved cassava planting materials as a starter pack to boost the rainy season farming. The […]

Business

Firm pledges to assist FG achieve food sufficiency

Crown Flour Mills (CFM), a subsidiary of Olam Group and a major player in the wheat milling industry in Nigeria, has reiterated its commitment to assist the Federal Government of Nigeria achieve sustainable food sufficiency in the country. This plan was revealed when the wheat development team of Crown Flour Mill led by Damilola Adeniyi, […]

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Food security: Nigeria ranked behind poorer African countries

Import bill gulps $5bn yearly Despite $5 billion import bill on food importation annually and commitment in agriculture, latest Global Food Security Index (GFSI) report has revealed that Nigeria ranked 100 globally and 14th behind some poorer African countries. While South Africa ranked the highest out of 28 countries in sub-Saharan Africa (SSA), Nigeria’s food […]

Business

Food security: NIHORT trains youths on plantain value chain

The National Horticultural Research Institute (NIHORT) has emphasised that the use of standardised farm inputs, kits and knowledge acquisition would make Nigeria to leapfrog from its present position as fifth ranked plantain producer in the world and contribute to food security. The Executive Director/Chief Executive Officer of NIHORT, Dr Abayomi Olaniyan, made this known at […]

Business

Food security: Agri-tech firm to empower 500,000 farmers

The management of Farmcrowdy, Nigeria’s first and leading agri-tech company has revealed that it is targeting about 500,000 farmers in its network next year, leapfrogging from the current 300,000 farmers, to contribute immensely to Nigeria’s food security and sufficiency. In addition, the company disclosed that it spent about N5.7 billion to finance about 25,837 farmers […]

Business

Swine fever threatens food security in Nigeria, FAO warns

The Food and Agriculture Organisation (FAO) has warned that African Swine Fever, if not immediately contained, could pose a huge threat to food security in Nigeria. FAO Country Representative, Fred Kafeero, disclose this during the opening ceremony of a workshop for pig value chain operators in Plateau State recently. African swine fever virus is a […]

Business

Retail prices of food items soar in open market

Despite the relaxation of lockdown caused by COVID -19, retail prices of food items have continued to rise in the open market. Some of the commodities, which retail prices have continued to surge, include yam, garri, flour, tomatoes, pepper and onions. According to market’s survey by New Telegraph, prices of a basket of pepper, onions […]

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