The Federal Government, in collaboration with development partners, has stepped up efforts to accelerate the implementation of the Special Agro-Industrial Processing Zones (SAPZ) Programme, a major agricultural initiative projected to generate more than 500,000 direct and indirect jobs in each project location while significantly reducing post-harvest losses across the country. The renewed commitment was underscored…
STAKEHOLDERS in the rubber market in Nigeria are pushing to reposition the market to make it contribute significantly to the nation’s gross domestic product (GDP). The stakeholders which include Chairman, Board of Trustees of the Federation of Agricultural Commodity Associations of Nigeria (FACAN), Dr. Victor Iyama, Director-General the Raw Materials Research and Development Council (RMRDC),…
Nigeria’s ginger export industry is positioning itself for a stronger performance next year, spurred by renewed international technical support, fresh investments, and stepped-up security measures in key farming belts. The global ginger market is projected to expand from $4.41 billion to $7.50 billion by 2033, recording a compound annual growth rate of 6.08 per cent…
Ekiti State government pledged continued support to youth -driven agricultural initiatives through access to land, improved inputs, extension services mechanization, market linkages and partnership with the private sector. The state governor, Mr Biodun Oyebanji gave the pledge during the presentation of cheques totaling N1billion as profits made by the young farmers under the Bring Back…
The Federal Government has called for intensified Public-Private- Partnership (PPP) towards the revitalisation of 38 moribund livestock legacy facilities across the six geopolitical zones in the country. Minister of Livestock Development, Alhaji Idi Maiha, made the call at the Specialised Training on PPP organised by the ministry in Abuja. He identified some of the facilities…
The Central Bank of Nigeria (CBN) has directed the newly inaugurated Board of the Agricultural Credit Guarantee Scheme Fund (ACGSF) to ensure that lack of collateral or remote location no longer prevents Nigerian farmers from accessing credit. CBN governor, Mr. Olayemi Cardoso, gave the directive in Abuja during the inauguration ceremony, describing the Scheme as…
Nigeria is losing huge foreign exchange (FX) cash in the global pineapple market because of the country’s dependence on raw export of the produce as the only revenue source, according to a farmers’ group that specializes in pineapple growing, processing and marketing. Currently, the global market value of the pineapple market is estimated at approximately…
The Minister of Marine and Blue Economy, Adegboyega Oyetola, yesterday said the Federal Government, through the Federal Ministry of Marine and Blue Economy recognized the importance of seafood trade not only as an economic activity but also as a source of animal protein and a driver of industrial linkages. He therefore stated that ultimately, the…
Nigeria’s President Bola Tinubu has directed the Bank of Agriculture (BoA) to settle outstanding arrears owed agro-dealers and input suppliers under the auspices of the National Agricultural Growth Scheme and Agro-Pocket (NAGS-AP). The directive followed release of ₦30 billion by the African Development Bank (AfDB), a statement by external Media Relations Lead for BoA, Judith…
