Cocoa farmers. (Photo by Issouf Sanogo / AFP To increase cocoa production from the current 250,000 metric tonnes (MT) to 500,000MT in the next five years, the Cocoa Farmers Association of Nigeria (CFAN) has urged the Federal Government to establish a development fund. CFAN, in a communiqué issued at the end of the National Cocoa […]
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The Federal Ministry of Agriculture allegedly spent N3.809 billion on the Ruga Scheme without presidential or National Assembly approval in 2019, it was learnt on Saturday. This expenditure forms part of N60,795,898,225.84 by the Ministry which was the basis of a query by the Office of the Auditor-General of the Federation. The Office issued eight […]
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• Bank MD admits failure of ABP loans, as recapitalisation fails • BPE affirms BoA unviable, difficult to recapitalise Strong indications have emerged that the Bank of Agriculture (BoA) has technically become unsustainable and riddled with bad debt to the tune of N77.1 billion. This is amid failed restructuring and recapitalisation plans that had been […]
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We’ve invested N3b to boost cocoa business in Ondo, Nigeria – Johnvents Ondo State Governor Oluwarotimi Akeredolu will next week launch a multi-billion naira cocoa processing plant to boost Nigeria’s export trade. Already, the agro-allied indigenous company handling the project, Johnvent Industries Nigeria Limited, has invested N3 billion to boost cocoa business in the state […]
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President Muhammadu Buhari has challenged universities of agriculture in the country to bridge the gap of food insecurity and address the nation’s dependence on imported foods. He said the specialised universities must play their crucial role in catalaysing the development of the agricultural sector, to help Federal Government achieve its goal of sustainable green economy. […]
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May Hit 1million Metric Tonnes Of Seeds Nigeria’s worsening food insecurity, which has pushed the cost of food importation to over $10 billion and has escalated foreign exchange scarcity to a record high, may be significantly doused thanks to a new seeds technology. This was the enthusiasm shared yesterday in Zaria, at the coming of […]
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President Muhammadu Buhari has said zero importation of wheat into the country will be his legacy when he leaves office in 2023. He spoke at the inauguration of the Brown Revolution of Wheat at Miango, Bassa Local Government of Plateau State recently. He also disclosed the Federal Government was committed to continued support for the […]
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Nigeria and 44 nations have pledged to invest in sustainable farming to protect nature. Also, 95 high-profile companies have committed to being ‘nature positive,’ and have agreed to work towards halting and reversing the decline of nature by 2030. The Press and Public Affairs Officer, Foreign Commonwealth and Development Office, Ndidiamaka Eze, in a statement, […]
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The Federal Government has organised a training programme for 42 selected agriculture extension workers in Osun State, on extension tools, methodologies and selected agricultural value chains. The training was aimed at preventing the drift in the agriculture extension system and help to revitalise the country’s economy. At the programme, which was facilitated by experts from […]
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Producers canvass for increased production to meet local demand Nigeria produces about two million metric tonnes of Onions annually, the Minister of Agriculture and Rural Development, Mr Muhammad Abubakar, has told the 4th Regional Onion annual conference and general meeting holding in Kano. The event was organised by Regional observatory on Onions for West and […]
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