The National Agency for Science and Engineering Infrastructure (NASENI) has opened discussions with Nasarawa State Government and Bobtrack Tractors, a division of Saint Bob Motors Limited, on the manufacturing and assembling of tractors in the North-Central geopolitical zone. A statement issued on Monday by the agency’s Director, Information, Segun Ayeoyenikan, on the multibillion Naira project […]
The Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has expressed the readiness of the agency to partner the United States Agency for International Development (USAID) and other relevant stakeholders to address Nigeria’s food insecurity challenge. Inuwa made this remark when he received representatives from USAID, led by the Senior Digital Advisor […]
Despite sundry reform initiatives of the President Bola Tinubu-led administration to revitalize the nation’s economy, latest forecast from the International Monetary Fund (IMF) indicated that Nigeria’s economy continued its unimpressive performance, dropping into the fourth position in Africa economies’ ranking chart. This is coming barely two years after it was ranked as Africa’s largest economy […]
Cocoa prices have doubled as extreme weather has negatively affected supply, thereby hitting a new high of over $10,770 a ton on Thursday. Industry analysts attribute supply stress to the price gains, with more to come as Nigeria prepares for flooding. Experts have predicted production to fall short of demand by 374,000 metric tons this […]
The latest report by the National Bureau of Statistics (NBS) and the International Labour Organisation (ILO) released on Thursday indicated that over 24 million Nigerian children between the ages of 5 to 17 were engaged in child labour. According to the report titled ‘Nigeria Forced Labour Survey 2022’ a total of 24,673,485, representing 39.2% of […]
Gallagher Re has estimated that global insured losses from natural catastrophes in Q1 of 2024 were $20 billion, heavily driven by severe convective storm (SCS) activity in the US. According to the global reinsurance broker’s Natural Catastrophe & Climate Report, insured losses in Q1 2024 were 10% higher than the decadal average of $18 billion. […]
In furtherance of its National Food Intervention Programme, the Aliko Dangote Foundation has facilitated the distribution of thousands of bags of rice to beneficiaries and vulnerable Nigerians in the Federal Capital Territory, Abuja, with no fewer than 48 charity organizations and orphanages involved in the process. According to the company’s spokesperson, Anthony Chiejina, the initiative […]
The Ogun State Government has unveiled plans to conduct household surveys to develop a framework that will assist in planning, management, and evaluation of the multi-dimensional poverty human development index in the state. The survey is expected to go one step further than the NBS’ Multi-dimensional poverty index by allowing the Prince Dapo Abiodun-led administration […]
The Manufacturers Association of Nigeria (MAN) has appealed to the Federal Government and regulatory agencies for understanding of the plight of entrepreneurs in the country, particularly in the current environment characterized by several policy weaknesses and consumer apathy. The Director General of the Association, Mr. Segun Ajayi-Kadir, who made the appeal in view of the […]
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 […]