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FG Reiterates Commitment To Stronger Partnership With Farmers

The Minister of Agriculture and Rural Development (FMARD), Alhaji Muhammad Sabo Nanono, has reiterated the Federal Government’s commitment towards a stronger partnership and collaboration between it and farmers nationwide. The minister, who gave this assurance when  the Amana Farmers and Grains Suppliers Association of Nigeria (AFGSAN) led by its Chairman, Alhaji Haruna Ahmed Pambegua,  paid […]

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Nigeria Accounts For Over 60% Of Yam Production Globally – FAO

The Food and Agricultural Organization (FAO), has ranked Nigeria as one of the world’s largest producers of yam, accounting for about 64% of the food crop produced globally. The Permanent Secretary, Federal Ministry of Agriculture and Rural Development (FMARD), Dr. Mohammed Bello, disclosed this in Abuja at the National Awareness Workshop on Yam, organized by […]

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CBN Retains MPR, Other Rates To Sustain Economy’s Growth Trajectory

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained the Monetary Policy Rate (MPR) at 13.5 percent, leaving other monetary rate parameters, including  the asymmetric corridor at +200/-500 basis points around the MPR; the Cash Reserve Ratio (CRR) at 22.5 per cent, and Liquidity Ratio at 30 percent. The […]

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Nigeria’s GDP Growth Up 2.28% In Q3 2019 – NBS

The National Bureau of Statistics (NBS) on Friday reported that Nigeria’s  Gross Domestic Product (GDP) grew by 2.28% in the third quarter of 2019, representing 0.17 percentage points higher than the 2.12% revised GDP growth recorded in the second quarter. According to the official statistics producing agency, the third quarter growth rate represents the second […]

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FG Vows To Control Antimicrobial Usage For Human, Ecological Security

Apparently concerned about the health risks abusive use of drugs pose to animal, human and the environment, the Federal Government on Wednesday restated its commitment towards strengthening policies on the regulation of the usage of antimicrobial in the country. The Permanent Secretary Federal Ministry of Agriculture and Rural Development (FMARD), Dr. Mohammed Bello Umar, gave […]

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Nigeria’s Inflation Hits 11.61% In October, Highest In 17 Months

Indications that the recent closure of Nigerian land borders and other fiscal measures by the government are already taking tolls on consumers’ real economy emerged on Monday as the nation’s consumer price index (CPI), which measures inflation rose to 11.61%  in October, the highest rate in 17 months. The National Bureau of Statistics (NBS) gave this […]

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During Discussion Between Heritage Bank And Sumitomo Corporation On Mechanisation & Agric Business, Held At Bank’s Head Office, Lagos At The Weekend

L-R: John Gbassa, CEO/MD of WAO Global Trading Ltd; Koji Shirotani, Divisional Manager, Sub-Sahara Africa Business Development Division; Afolasade Alonge, Divisional Head, Corporate and Specialized Banking, Heritage Bank Plc; Masafumi Tanimoto, General Manager, Accra Liason Office; Tsuyoshi Ueda, Assistant Managing Director; Jude Monye, Executive Director of Heritage Bank; Olugbenga Awe, Divisional Head, Agric Finance & […]

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CBN To Commit N100Bn To Revival Of Cotton, Textile, Ginning Industry

The Central Bank of Nigeria (CBN) on Tuesday said that it would support the ongoing plans to reactivate the moribund cotton, textile and ginning producing companies with about N100 billion, saying that so far a loan of N19.18 billion has been approved for nine cotton producing firms to revive their processing plants. The CBN Governor, […]

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Agric Mechanisation Will Boost Productivity, Create Jobs – FG

The Minister of Agriculture and Rural Development, Alhaji Muhammad Nanono, has said that mechanized farming will boost the nation’s agricultural production capacity and create more jobs for Nigerian youths if explored. The Minister made this remark during a town hall meeting with the All Farmers Associations of Nigeria (AFAN) and other relevant stakeholders in Kano […]

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FG To Sustain Interventions In Agric Sector – Buhari

President Muhammadu Buhari on Thursday restated his administration’s commitment to sustain interventions in the nation’s agricultural sector to boost economic growth and create jobs for the unemployed in the country. The President gave the assurance at the National Agricultural Show to mark this year’s World Food Day celebration held at National Agricultural Showground, Tudun Wada, Keffi, […]