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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

How GB Foods supports Nigeria’s food security drive

GB Foods, a leading culinary and global manufacturing company, is supporting Nigeria’s food security drive by ensuring sustainable food access. The organisation recently celebrated its 50th anniversary in Lagos, themed ‘Cooking Together: A Delicious Future for Nigeria and Africa,’ to retirate its commitment to the country’s

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

Agric growth slows to 1.30% in Q3 on production shortfall

Nigeria’s agricultural growth slowed to 1.3 percent in the third quarter of 2023 on declining farmers’ productivity. On a year-on-year basis, data from the National Bureau of Statistics show that growth in the sector slowed by 0.04 in the third quarter from 1.34 percent recorded in

Obasanjo decries removal of FX ban on poultry products

…as annual production gap hit 675,000mt Former President Olusegun Obasanjo has decried the recent move of the Central Bank of Nigeria, to lift the ban which restricted importers of 43 items, including poultry products from accessing foreign exchange for importation. Speaking at the 2023 poultry summit

Oyo sets procedure for poultry farmers to avert zoonotic diseases

Oyo State government has set up standard operating procedures (SOP) for poultry processing farmers to avert zoonotic diseases in the pacesetter state. The regulations will cover all aspects of poultry processing, from procurement of chicken to slaughtering, as well as transportation and packaging. Olasunkanmi Olaleye, commissioner

Making millions from seafood business

Seafoods are animals and plants obtained from bodies of water such as the sea, rivers, lagoons and oceans. The truth, however, is that not every animal or plant in the water is edible, as some are found to be poisonous! Also, the kind of seafood eaten

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