The World Bank Group has projected that as the Sub-Saharan African (SSA) faces new economic growth challenges compounded by the Russian invasion of Ukraine, after gradually recovering from the Covid-19 pandemic’s impacts, Nigeria and Angola’s economies’ outlook looks bright as both countries are expected to sustain growth trajectory due to rising oil prices and good […]
The National Bureau of Statistics (NBS) at the weekend reported that the nation’s Consumer Price Index (CPI), which measures inflation rate, rose to 15.92 percent in March 2022, representing a 0.22 percent points rise when compared to 15.70 percent recorded in the preceding month. The latest figures reflected that the headline index slowed down in […]
“Godwin Emefiele could be aptly described as the “champion of food security” in Nigeria and a role model in good leadership deserving emulation by youths that share the vision that come what may, the ‘Nigerian project’ must not fail.”
The Central Bank of Nigeria (CBN) has disbursed N948 billion to 4,478,381 smallholder farmers as part of its sustained interventions in the agricultural sector to achieve food security in the country and make Nigeria a net exporter of commodities. The apex bank’s Governor, Mr. Godwin Emefiele, gave these figures on Monday while delivering the 25th […]
The Governor of the Central Bank of Nigeria (CBN) has called Nigerians to support the implementation of its Produce, Add Value and Export (PAVE) initiative in view of its benefits to Nigerians and the economy. Emefiele, who made the call in his opening remarks on Thursday at the ongoing the 32nd Seminar for Finance Correspondents […]
Oxfam Nigeria, one of the leading non-governmental organizations (NGOs) promoting food security advocacy in the country, has described the ongoing Russia-Ukraine war as undesirable to efforts by the Nigerian government and others to ensure food security for millions of their citizens. Warning that if something is not done to abate the situation the war may […]
The United Nations (UN) has projected that if current food crops farming is sustained in West Africa and Sahel sub-region, the region’s food value would grow to about $480 billion by 2030. The UN Resident and Humanitarian Coordinator in Nigeria, Mr. Matthias Schmale, made this projection at the 13th Multidisciplinary Team Meeting of 15 West […]
The Lagos Chamber of Commerce and Industry (LCCI), Nigeria’s leading organized private sector (OPS) group, has advised the federal and state governments on the need to adopt proactive measures to avert food, oil and gas, and other associated crisis in the domestic economy as the ongoing Russia-Ukraine war continues to disrupt the global economic system. […]
The United Nations Food and Agriculture Organisation (FAO) on Friday projected that no fewer than 19.4 million Nigerians may face acute food and nutrition insecurity between June and August this year The organisation’s Food Security Analyst, Mr. Jasper Mwesigwa, who gave this hint in Abuja at the Nigeria Cadre Harmonise Acute Food and Nutrition Insecurity […]
The National Bureau of Statistics (NBS) on Thursday reported that Nigeria’s Gross Domestic Product (GDP) economy grew at 3.40 per cent year-on-year in 2021, representing the fastest annual growth since 2014 when it peaked at 6.22 percent. The Statistician General of the Federation, Dr. Simon Harry, gave these figures during his media briefing on the […]