Agriculture & Agribusiness Economy News Extra Latest News

Nigeria Saves $21Bn On Food Imports In 3 1/2 Yrs – Ogbeh

The Minister of Agriculture  and Rural Development, Chief Audu Ogbeh, on Tuesday disclosed that the country saved $21 billion on food imports in the last three and half years. Ogbeh, who gave this hint when he hosted officials of the Bank of Agriculture (BOA) and Bureau of Public Enterprises (BPE) during a meeting in Abuja, […]

Agriculture & Agribusiness Banking Latest News

Farmers To Hold 40% In Bank Of Agriculture’s Shares

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has disclosed that farmers will hold 40 percent of total shares in the Bank of Agriculture (BoA) as soon as its ongoing commercialisation process is concluded by the Bureau of Public Enterprises (BPE). Ogbeh listed the shareholding structure of the bank to include the Central […]

Agriculture & Agribusiness Banking Economy News Extra Latest News

FG Decries High Interest Rate On Bank Credit To Farmers

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, on Wednesday decried the high interest rate on bank credit for farmers in the country which he described as not conducive for agriculture and agribusiness in the country. The Minister said this during the signing of Memorandum of Understanding (MOU) between the Nigerian Agricultural Mechanization […]