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AFRICA LIVING ON THE EDGE, SAYS IMF

Nigeria’s fiscal deficit to GDP to close 2022 at 6.2 percent The International Monetary Fund (IMF) has described sub-Saharan Africa (SSA) at the moment as a region “living on the edge”. This comes via its regional economic outlook released yesterday. Like other regions, the Fund said the outlook of the region is extremely uncertain as […]

HORTICULTURE INDUSTRY RECEIVES A BOOST THROUGH FIT FOR MARKET PLUS INITIATIVE

To mitigate the negative economic impacts of the COVID-19 pandemic, the horticultural industry actors have been assured of steady technical assistance and capacity-building activities to meet market requirements and improve sustainability for export. The support, courtesy of COLEACP, through its Fit for Market Plus (FFM +) program, is targeted towards providing support to implement quality management […]

World Food Day: Why Nigeria may not attain food sufficiency target As Nigeria joins the rest of the world to mark World Food Day, stakeholders in the agriculture sector have expressed fear that Nigeria may further suffer a setback in her quest for food sufficiency. They claimed that the impact of the crisis in Russia/Ukraine, […]

NIGERIANS SHOULD EMBRACE FARMING – AFE BABALOLA

Nigerians should embrace farming – Afe Babalola Elder statesman, Chief Afe Babalola (SAN) says every Nigerian citizen should embrace farming, irrespective of profession or status. Babalola said this on Sunday in Ado-Ekiti, adding that embracing farming is the panacea for the country to make a meaningful impact in evolving alternative economic reliance. The legal luminary, […]

FOOD INSUFFICIENCY: OKOWA ASKS NIGERIANS TO INVEST IN AGRICULTURE

DELTA State Governor, Senator Ifeanyi Okowa, has called on Nigerians, particularly Deltans to invest more in agriculture as a way to curb rising food insufficiency in Nigeria and create job opportunities and economic development for the people. Okowa made the call after inspecting Oil Palm Plantation and Refinery under construction at Akwukwu-Igbo, Oshimili North Local […]

NIGERIAN FARMERS REMAIN UNDETERRED DESPITE CHALLENGES AFAN

WITH high prices of food, insecurity, flood, drought, post-harvest losses, poor mechanization, high-interest rates, herder-farmer clashes, disease outbreaks, low yields, high cost of farm inputs, inadequate funding, limited access to agric extension services, agric commodities’ rejection, poor good agricultural practices, lack of value addition, corruption, and others Nigerian farmers have to grapple with amid celebration […]

CBN DISBURSES OVER N2tn to 426 INDUSTRIES

The Central Bank of Nigeria has disbursed a cumulative sum of N2.10tn to 426 projects under its Real Sector Support Facility. This was disclosed by the Director of Corporate Communications of the CBN, Mr. Osita Nwanisobi, on Monday in Abuja at the ongoing Abuja International Trade Fair. “For the records, under the Real Sector Facility, […]

STAKEHOLDERS SEEK POLICY SUPPORT TO GUARANTEE FOOD SECURITY

Stakeholders have called for the creation of a favorable policy environment to enhance private sector investment in research to boost the agriculture sector and guarantee food security. They argued that policies like tax holidays, favorable tariff regimes, accelerated mechanization, and irrigation programs among others were pathways to achieving agricultural development. Chief Executive Officer, of the […]