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 […]
Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Tuesday urged rice millers in the country to embrace the apex bank’s backward integration initiatives aimed at conserving the nation’s foreign exchange reserves and creating jobs in the country. The banking industry regulator was quoted in an information posted on the bank’s website […]
The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, announced on Monday that 28 companies that scaled through the screening process for the 100 for 100 Policy for Production and Productivity (PPP) would be supported with N23.20 billion to execute their projects under the first phase of the policy. Emiefele, who made this disclosure […]
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) on Tuesday described as unfounded and baseless Abuja-based news medium’s report alleging its diversion of N5.6 billion meant to be disbursed to Kano and Jigawa wheat farmers. Describing the publication a hollow piece of journalism, the agency noted that the publication represented a continuation […]
The Manufacturers Association of Nigeria (MAN) has urged the Central Bank of Nigeria (CBN) to extend the implementation of its E-invoice and E-evaluator initiatives by 90 days to enable stakeholders make inputs into the regulatory directives for hitch-free adoption. Director-General of the association, Mr Segun Ajayi-Kadir, expressed the group’s position on the policy measures in […]
The World Bank Group Board has approved a $700 million credit from the International Development Association (IDA) for the Nigeria Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) Project. The Breton Woods institution in a statement indicated that the project would increase the implementation of sustainable landscape management practices in northern Nigeria and strengthen the country’s long-term enabling […]