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GIC to launch €3.5 million agriculture financing for small scale farmers

The German International Cooperation (GIC) has disclosed plans to launch a new agriculture financing of 3.5 million Euro for small scale farmers by November 2018. The GIC Programme Coordinator for Green Innovation Centre, Caroline Trimborn, who disclosed this in Abuja during a capacity building training for

Updating 1968 forest law in Edo State, Nigeria

E do State is today launching a new Forestry Commission, dedicated to ending deforestation and actively restoring degraded forests across Edo State in Nigeria. Proforest has supported this initiative with the government of Edo State and the Edo State Oil Palm Programme as a member of

Russia to provide fertilisers to Nigeria free of charge

R ussia will provide a fertiliser shipment to Nigeria free of charge soon, Russian Foreign Minister Sergey Lavrov told reporters. “Last September, President Vladimir Putin announced that we were ready to deliver 300,000 tons of our fertilisers, illegally seized in EU ports, to African countries free

Global Environment Facility approves funding to support FAO-led projects in Africa and Latin America

T he Food and Agriculture Organization of the United Nations (FAO) has welcomed the decision of the Global Environment Facility (GEF) to approve three FAO-led projects in five countries, totalling US$18 million in funding. The three new projects – in Nigeria, Venezuela and a regional initiative

Nigeria cocoa output seen down 18% as rains spread pod disease

N igeria’s cocoa-industry association cut its output estimate for the 2019-20 season by 18%, citing the spread of the fungal black pod disease caused by heavy rains in the country’s main growing areas. The current season’s production is now expected to drop to 148,750 tons from

Nigeria stops forex access for corn imports

N igeria’s central bank has blocked access to foreign exchange for corn imports as it seeks to boost local farming output, even though the move is expected to add to already soaring food inflation. All authorized dealers must immediately stop processing requests for hard currency used

Covid-19 forces 350,000 poultry farmers out of business in Ogun

N o fewer than 350,000 poultry farmers have been forced out of business in Ogun State from the effects of the coronavirus pandemic, the State Chairman of the Poultry Association of Nigeria (PAN), Mrs Isioma Blessing Alawode, has disclosed. Addressing newsmen yesterday in Abeokuta on the

Nigeria cocoa exports stalled over Covid-19 safety protocols

Shipment of at least 30,000 tons of cocoa delayed in Lagos Exporters anxious to avoid defaulting on futures contracts H ealth protocols introduced by Nigerian authorities to curb the spread of the Covid-19 disease have delayed cocoa exports, leaving at least 30,000 tons stranded at the

Dangote scales up investments in Agriculture

D etermined to contribute to significant reduction in the number of unemployed Nigerians, Dangote Group at the weekend announced that it was scaling up its investment in agriculture sector. Agriculture, according to the group, is the only visible way of addressing the high unemployment rate in

Nigeria at a glance | FAO in Nigeria | Food and Agriculture Organization of the United Nations

Between January and March 2021, the agriculture contributed to 22.35 percent of the total Gross Domestic Product. ( https://www.statista.com/statistics/1165865/contribution-of-oil-sector-to-gdp-in-nigeria/ ). Over 70 percent [1] of Nigerians engage in the agriculture sector mainly at a subsistence level. Despite the contribution to the economy, Nigeria’s agricultural sector faces

Nigeria’s top agricultural exports in H1 2022

Nigeria exported agricultural goods worth N343.4 billion in the first half of the year, an increase of 17.3% from N292.8 billion recorded in the corresponding period of 2021. It is, however, a rise of 61.9% compared to N212.1 billion recorded in the second half of 2021.

Nigeria: value of agricultural exports 2018-2021

In 2021, agricultural exports from Nigeria stood at nearly 504.9 billion Nigerian naira (NGN) (1.2 billion U.S. dollars). This was the highest export value in the period reviewed. In 2020, the amount reached approximately 321.5 billion NGN (772.6 million U.S. dollars), up from a low of

Stakeholders call for increased agric budgetary allocation

Stakeholders in agriculture in Kogi state have called for more budgetary allocation to the agricultural sector in order to boost food security and economic development. The call was made at the Kogi State Consultative Meeting on the Kogi State 2024 Agriculture Budget held in Lokoja, on

TechnoServe, technical partners join forces to tackle hidden hunger in Nigeria

TechnoServe, Bühler, dsm-firmenich, and Partners in Food Solutions have joined forces with the Nigerian government in promoting healthy nutrition through large-scale food fortification as part of measures to end hidden hunger and boost food security in the country. Hidden hunger is a situation in which a

Inadequate irrigation facilities hinder dry season farming in Southern Nigeria

Ernest Umakhihe, permanent secretary at the Federal Ministry of Agriculture ,has attributed the low farming activities during the dry season in the southern part of the country to the inadequate irrigation facilities in the region. Umakhihe disclosed this when the Edo State chapter of All Farmers

GCR upgrades Johnvents Industries’ national scale ratings to BBB+

Johnvents Industries Limited, indigenous agribusiness and manufacturing group committed to driving sustainable growth across the entire agricultural value chain, has been upgraded to national scale long-term and short-term Issuer ratings to BBB+(NG). John Alamu, group managing director of the company, who disclosed this on Monday while

Investing In Impact empowers 655 livestock farmers with N540m

In its effort to combat poverty and empower rural communities, the Investing In Impact (3i) initiative has empowered 655 underserved rural livestock farmers in the North-Eastern part of Nigeria with N540 million. Gbenga Ariyo, CEO of 3i, said this at a recent press briefing, shedding light

BII invests $15m to expand Nigeria’s cashew processing, warehousing facilities

British International Investment (BII), the UK’s development finance institution and impact investor, has invested $15 million in equity into Valency International to fund their expansion of processing and warehouse infrastructure in Nigeria. BII has signed legally binding documents to invest said amount in Valency, a Singapore-headquartered

FG to invest in irrigation system to boost food production

The Federal Government has announced a major investment in irrigation systems to boost food production in the country. This announcement was made during the 5-day National Workshop of the Nigerian National Committee on Irrigation and Drainage (NINCID) in Kano, themed, “The role of Irrigation and Drainage

BATNF advocates sustainable agriculture for smallholders

In its drive towards fostering sustainable agricultural practices, the British American Tobacco Nigeria Foundation (BATNF) hosted its biennial Agribusiness Dialogue Session, aimed to address the challenges faced by Agripreneurs and chart sustainable paths in the agricultural sector. The session themed, “Turning Challenges into Opportunities: Establishing Sustainable

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