The African Development Bank (AfDB) has signed a $75 million loan agreement with Nigeria’s Indorama Eleme Fertilizer and Chemicals Limited. The loan will enable Indorama to increase its fertilizer production and develop a port terminal for exports, supporting food production and food security across regional and international markets, while fostering job creation in Nigeria. A news […]
Agriculture & Agribusiness
Germany BMZ Lauds AFOS Foundation on Nigeria’s Agribusiness Projects
The Federal Ministry for Economic Cooperation and Development (BMZ) Germany has commended AFOS Foundation, a civil advocacy organization committed to capacity building across Nigeria’s agribusiness and entrepreneurial value chains, for the successes recorded so far on its ongoing projects in Nigeria. The Senior Policy Officer of BMZ, Dr. Manuel Neumann, gave the commendation during the […]
FEC Approves N60Bn To Support Young Entrepreneurs
The Federal Executive Council (FEC) has granted its consent for the disbursement of N60 billion from the Central Bank of Nigeria (CBN) through its Agric Small and Medium Enterprises Investment Scheme to support small businesses, particularly among young entrepreneurs nationwide. A statement issued by the Minister of Youth, Jamila Ibrahim, after the conclusion of the […]
Global Insured Cat Losses Hit $108Bn In 2023 – Swiss Re
The Swiss Re Institute has reported that global insured losses from natural catastrophes surged to $108 billion for the fourth consecutive year in 2023, with the earthquake in Turkey and Syria, severe convective storms (SCS) and large-scale urban floods acting as the main drivers. A news report from the Institute indicated that total global insured […]
Water Bill Passage Delay Stalls World Bank’s $700Mn Loan To Nigeria
Lingering controversies over Nigeria’s National Water Resources Bill, initially forwarded to the National Assembly in April 2017 to implement the Nigeria Sustainable Urban and Rural Water Supply, Sanitation and Hygiene Program-for-Results (SURWASH Programme) have stalled the release of the $700 million loan from the World Bank, documents from the multilateral development finance institution have indicated. […]
Lawyer Flaws Isegbe’s Re-appointment As Agricultural Quarantine Service D-G
….Issues Tinubu 30-Day Legal Notice To Reverse Action An Abuja based Legal Practitioner, Barrister Maduabuchi Idam, has issued a 30-day pre-action notice to President Bola Tinubu asking him to “reverse the illegal, unlawful and unconstitutional re-appointment of Dr. Vincent Isegbe as Director-General of Nigeria Agricultural Quarantine Service.” The notice dated March 20 and addressed to […]
Advocacy Group Sensitizes Nigerians On ‘Right To Food’
The Farm and Infrastructure Foundation, a civil advocacy organization at the frontline of food security in Nigeria, has charged Nigerians to join forces in ensuring that governments in the country prioritize policies and programmes that will ensure food security as their fundamental human right in the years ahead. Giving the charge during a statement on […]
FG Buys 58,500 Metric Tons Of Rice From Farmers – Minister
The Federal Government has disclosed that it purchased 58,500 metric tons of milled rice from the Rice Farmers Association of Nigeria (RIFAN) as part of its efforts to stabilise the food items market nationwide. The Minister of Agriculture, Sen. Abubakar Kyari, who made this disclosure during a media chat with journalists in his office in […]
Food Security: CBN Donates Fertilizers Worth N100Bn To Farmers
The Central Bank of Nigeria (CBN) has announced its donation of over two million bags of fertilizers with a total value of N100 billion to farmers nationwide. The apex bank governor, Yemi Cardoso, delivered the bags of fertilizers to the Minister of Agriculture and Food Security, Abubakar Kyari, on Wednesday in Abuja. According to him, […]
FG Secures €995Mn For Greener Hope Initiative Programme
The Minister of Agriculture and Food Security, Sen. Abubakar Kyari, on Monday hinted that the Federal Government had sealed a €995 million investment deal with the Brazilian Government and the German Deutsch Bank Group to finance a Green Hope Initiative programme in Nigeria. Kyari, who made the disclosure during President Bola Tinubu’s visit to Minna, […]