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Over 55,000 Farmers Benefit From Support Project So Far – Coordinator

The National Project Coordinator of the Agro-Processing, Productivity Enhancement and Livelihood Improvement Support Project (APPEALS), Alhaji Mohammed Jobdi, on Wednesday disclosed that the project had supported a total of 55, 864 farmers since its implementation nationwide. The Coordinator, who gave these figures during the progress monitoring meeting of the project implementation in Abuja with the […]

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AfDB AFAWA’s Support For Women Entrepreneurs Hits $1.051Bn

The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA), an initiative of the African Development Bank (AfDB) has supported African women entrepreneurs with over $1 billion in approved funding to boost their businesses and incomes. The AFAWA was launched in 2015 in Dakar during the first Feed Africa conference (Dakar 1 Africa […]

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SEC Nigeria Seeks Improved Investments In Commodities’ Ecosystem

The Securities and Exchange Commission (SEC) Nigeria has stressed the need for more investments, especially from the organized private sector (OPS), to boost trading in the nation’s commodities ecosystem. The SEC Director-General, Mr. Lamido Yuguda, made this remark during a media chat shortly after the commissioning of the 32 metric tonnes per hour Lagos Rice […]

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Food Items’ Prices Sustain Spiking Trend In December – NBS

The National Bureau of Statistics (NBS), Nigeria’s national statistical system coordinating agency, has reported that consumers paid more for select food items in December 2022, despite the slowdown in the Consumer Price Index (CPI) during the month. The Bureau, in its ‘Selected Food Price Watch for December 2022’ reported that in the month under review, […]

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Nigeria To Save Over £750Mn Yearly From Revised UK Import Tariffs

The UK Government  has estimated that following the latest downward review of tariffs and extended duty free trade in goods exported from Nigeria to United Kingdom, Nigeria  will yearly save over £750 million in export charges. The UK Deputy British High Commissioner to Nigeria, Mr. Ben Llewellyn-Jones, who made this disclosure during the launch of […]

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AfDB Announces New $10Bn Food Security Support For Africa

    …As Buhari canvasses more support for farmers   The African Development Bank Group (AfDB), on Wednesday hinted of its plans to commit $10 billion over the next five years to boost Africa’s efforts to end hunger in the continent and transform it into a primary food provider for itself and the global community. The […]

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LCCI Forecasts 6% Growth For Agric Sector In 2023

The Deputy President of the Lagos Chamber of Commerce and Industry (LCCI), one of Nigeria’s organized private sector (OPS) advocacy groups, Mr. Gabriel Idahosa, has projected Nigeria’s agricultural sector could record 5%-6% growth in 2023 if the issues of insecurity and infrastructure are addressed by the government Idahosa, who made this forecast when he featured […]

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BOI Clarifies Eligibility Criteria For NG-CARES Funding Support

The Bank of Industry (BOI) on Friday updated the public on the implementation and disbursement of grants under the Nigeria COVID-19 Action Recovery and Economic Stimulus Programme (NG-CARES). The bank stated that the clarification became imperative in view of the numerous public enquiries on the NG-CARES as they related to eligibility criteria and processing of […]

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U.S Commits $760Mn To Communities Worst-Hit By Nutrition Crisis

African leaders and the United States government have underscored the need for increased investment and prioritization of nutrition across the African continent. The African Development Bank (AfDB), through the African Leaders for Nutrition, the Nutrition CEO Council and the African Union Commission, convened a high-level discussion on 12 December, on the sidelines of the U.S.-African […]

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Nigeria’s Inflation Rate Surges To 21.47% In November

The National Bureau of Statistics (NBS) on Thursday reported that Nigeria’s inflation rose to 21.47% in November from 21.09% recorded in October, representing the 10th consecutive monthly rise in the general price level. The NBS, in its latest ‘Consumer Price Index (CPI) November 2022 Report’, indicated that the November inflation rate was the highest level […]