BUA Foods to maintain rice prices across Nigeria
Monday, 24 July 2023
In a remarkable display of commitment to the Nigerian agricultural sector and the economy, BUA Foods has informed distributors of its rice products that it would maintain prices of its BUA Rice to support efforts at making rice more affordable in Nigeria. According to a statement by the company, this is due to the strong sales potential
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Climate Crisis: 60 million people will face food problems in Africa – WHO
Monday, 24 July 2023
The Director-General of the World Health Organisation (WHO), Tedros Ghebreyesus, has expressed concern over imminent food insecurity in the Horn of Africa due to the climate crisis. Mr Ghebreyesus said this during an online news conference, saying that the climate crisis is a major factor determining human health outcomes. He added that climate crisis, which prolonged drought
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ANALYSIS: Real reasons Nigeria has a food security problem
Monday, 24 July 2023
Amidst rising food prices, President Bola Tinubu last week declared an immediate “State of Emergency” on food insecurity in the country. The move is seen as part of an aggressive push to boost agricultural productivity and reduce the high prices of major staple foods in Nigeria. The development is in line with the government’s short, medium and
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SPECIAL REPORT: Rising food prices mount pressure on Nigerians amidst poor purchasing power
Monday, 24 July 2023
Nigeria recorded an average of about 28.2 per cent increase in the prices of major food items consumed in many households in the country in the last year, a PREMIUM TIMES’ market survey has shown. A market check conducted on food prices by this newspaper across nine states in the country shows that the prices
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Farmers’ N518bn default shows anchor borrowers underbelly
Monday, 24 July 2023
The failure of farmers in Africa’s biggest economy who benefitted from the Anchor Borrowers Programme to repay about N518 billion extended to them by the Central Bank of Nigeria (CBN) underscores the weakness in the intervention initiative. The N518 billion accounts for 47.4 percent of the total N1.08 trillion the apex bank disbursed to farmers
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Nigeria’s wheat production seen rising 42%
Monday, 24 July 2023
Nigeria will see a 42 percent rise in wheat production between July 2023 and 2024 owing to a competitive guaranteed price agreed between farmers and millers, a recent United States Department of Agriculture (USDA) grain report said. The report stated that the Flour Millers Association of Nigeria (FMAN) signed a memorandum of understanding with the
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How Mastercard Foundation, Soilless Farm is bridging gaps in agribusiness
Monday, 24 July 2023
To ensure that youths find agriculture attractive, Soilless Farm Lab in partnership with Mastercard Foundation have trained and graduated its second set of 1,000 youths in technology-enabled food production. Under a joint project, themed, Enterprise for Youth in Agriculture (EYIA), youths eager to improve their skills and livelihoods were exposed to income generating opportunities. During
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How Nigeria can increase cocoa production, compete in global market
Monday, 24 July 2023
Nigerian cocoa farmers must prioritise the quality and quantity of their production leveraging climate-smart agriculture and initiatives in order to access the global market. Nene Akwetey-Kodjoe, the chief of party, Traceability and Resilience in Agriculture and Cocoa Ecosystems of Nigeria (TRACE) project, stated this at recent a 3-day monitoring, evaluation and learning workshop, in Akure,
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Stakeholders chart way forward for sustainable millet production
Saturday, 22 July 2023
Stakeholders in the agricultural sector have called on the need to explore the untapped opportunities within Nigeria’s agricultural sector and reinvigorate the role of millets as a key driver of economic growth, social development, and environmental sustainability. The call was made on Tuesday at the commemoration of the 2023 International Year of Millets, organised by
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FG to implement agric growth scheme in five states
Saturday, 22 July 2023
The Federal Government has disclosed plans to kickstart the implementation of the rebranded National Agricultural Growth Scheme and Agro-pocket (NAGSAP) in five states where the Agricultural Transformation Agenda Support Programme Phase-One (ATASP-1) Project has been implemented. The targeted states include Niger, Kebbi, Jigawa, Kano and Sokoto. NAGSAP is an ICT-based platform used for farm inputs
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