Export Trade: FCMB rallies operators to diversify and stimulate the economy Nigeria’s vast non-oil endowment must be urgently leveraged to diversify and expand its revenue base, reduce the dependence on crude oil for foreign exchange earnings, and stimulate rapid economic growth. Policymakers, financiers, export trade experts, and value chain players insisted on this in Lagos […]
In Togo, the African Development Bank-supported Agro-Food Processing Project hits its stride In the pilot Agropoli of Kara, located some 423 kilometers north of Lomé, the capital city of Togo, there is a constant hum of bulldozers and harrowers. A few meters away from the deafening noise, engineers and agricultural technicians are supervising the work […]
The Federal Government may present a supplementary budget to the National Assembly due to a further depreciation of the naira and galloping inflation that have made the 2023 budget nearly unrealistic. FG plans supplementary budget over rising inflation, depreciation The 2023 budget benchmarks the foreign exchange at N435/dollar and inflation at 17.10 percent but […]
FG vows to make Nigeria Africa’s largest wheat producer, the exporter As Nigeria and other African countries suffer wheat shortage, the Minister of Agriculture and Rural Development, Dr. Mohammad Abubakar, vowed to ensure Nigeria ranks as Africa’s largest wheat producer and exporter. Abubakar made the declaration in his keynote address delivered at the Stakeholders Validation […]
Digitalization of Agrifood Systems event promotes constructive dialogue and exchanges of best practices to enhance the digital potential of agriculture The capacity and potential of digital technologies to help solve many complex problems in our agrifood systems came under the spotlight at a special event of the World Food Forum’s Science and Innovation Forum. The […]
Under the theme “Gender Equality for Sustainable Trade and Recovery”, the World Trade Congress on Gender will take place at the WTO from 5 to 7 December to explore how gender equality can foster sustainable trade and how trade can support women in times of crisis. The Congress aims to highlight research work conducted by […]
The WTO Secretariat on 1 November launched the Trade Remedies Data Portal, an online tool that provides access to information on members’ anti-dumping and countervailing duty actions. The new Portal provides a gateway to comprehensive data on all anti-dumping and countervailing duty actions notified by WTO members, displaying information in the form of searchable tables […]
The Lagos State Government has said its partnership with the Deutsche Gesellschaft für International Zusammenarbeit will promote the growth of Micro, Small, and Medium Enterprises in the state. The Special Adviser to the Governor on Commerce, Industry, and Cooperatives, Abiola Olowu, disclosed this, according to a statement on Monday, during a meeting of the steering […]
The African Development Bank, AfDB, has signed a $50 million Line of Credit Agreement with Nigeria’s First City Monument Bank (FCMB) to support access to finance for small and medium-sized enterprises (SMEs), as well as women-empowered businesses (WEBs). FCMB will use the proceeds of the Line of Credit to finance SMEs and WEBs in Nigeria’s […]
The African Development Bank says it is providing US$210 million for the development of the Special Agro-Industrial Processing Zones program in Nigeria. AfDB’s President, Akinwumi Adesina, disclosed this in his virtual address at the inauguration of the SAPZ program on Monday in Abuja. SAP program, inaugurated by Vice President Yemi Osinbajo, is a government-enabled and […]
