Although Nigeria has attained the status of largest producer of cassava in the world with its production accounting for 21 per cent of total production of the crop globally, thanks to recent interventions by the Central Bank of Nigeria (CBN) in the agro sector, there are indications that concerted efforts are still required to effectively […]
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Minister of Agriculture, Mohammed Nanono A new report by the Institute of Development Studies, a UK-based think tank, has placed Nigeria as the second poorest country in the world in terms of food affordability. The report, which was compiled through a publicly available global cost-of-living database, Numbeo, was used in creating a ‘cost of food […]
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Lagos State government has empowered about 3,000 agripreneurs with agricultural productive assets and inputs under the 2021 Agricultural Value Chains Enterprise Activation Programme. Governor Babajide Sanwo-Olu, at the kick off of distribution yesterday, described the intervention as a demonstration of his administration’s commitment to the development, expansion and growth of agriculture in Lagos State. According […]
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Oyo State Governor, Seyi Makinde When the Oyo State Government distributed cassava seeds and other inputs as part of their COVID-19 intervention support plan, their action was mocked by some as being cheap and unimaginative. Some people could not understand why cassava stems were being used as input support. However, what many did not realise […]
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Nigeria ‘accidentally’ discovers 206tcf gas reserves FX scarcity, gas dollarisation may spike inflation Gas users to pay $5.10/mmbtu from July despite shortages With the new gas price regime expected to kick off on July 1, alongside challenges of currency devaluation and access to foreign exchange for raw materials, local manufacturers have said they are contemplating […]
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Stock market Experts worry over persistent migration of fund from stock market The continuous exit of funds from the equities market to another investment instrument, especially the fixed income segment has become a source of worry to capital market stakeholders, as they urged the Federal Government to tackle growing security challenges in Nigeria. The stakeholders […]
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Reserves fall behind South Africa, Egypt, Morocco, Libya ‘Contract-crude swap robbing economy of rising crude gains’ Low confidence worsening investment outlook Nigeria’s economy could be leaning against the wind as the country’s external reserves fell to a 13-month low last week, tumbling quickly to $30 billion, the level it was between 2015 and 2017. Last […]
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Moyosore with one of his workers Afeez Anafi, who was at Iseyin, Oyo State, reports that a dairy development programme in the community is changing the chain of milk processing, storage and distribution in the country The joy Ahmadu Abdullahi exuded was as apparent as daybreak at the milk collection centre in Maya, the artery […]
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Photo/Twitter/Cenbank Calls for market-based fuel pricing The International Monetary Fund (IMF) has called for the adoption of the Nigerian Autonomous Foreign Exchange (NAFEX) window for official transactions as well as the unification of all rates to achieve a market-clearing rate. It stated this in a statement issued after a virtual meeting with Nigerian authorities from […]
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