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Tag: Agribusiness

Agribusiness featured

Agribusiness topped BOI’s ₦636bn credit allocation in 2025

Agribusiness has emerged as the biggest beneficiary of the Bank of Industry’s N636 billion credit push in 2025, reinforcing the nation’s support for the agriculture sector. The record-breaking disbursement marks a significant moment for Nigeria’s leading development finance institution, as it seeks to anchor food security and industrial growth amid persistent macroeconomic headwinds. Agribusiness captured […]

Agribusiness

FG unveils NiPHaST to curb Nigeria’s ₦3.5trn crop losses

The Federal Government has unveiled the Nigeria Postharvest Systems Transformation Programme to ensure a resilient, efficient, and inclusive post-harvest handling and storage system that reduces losses of produce. This was disclosed in a statement by Ezeaja Ikemefuna, Head of the Information Department, Ministry of Agriculture and Food Security, on Sunday in Abuja. Ikemefuna stated that […]

Agribusiness shareholders to raise N5bn capital
Business

Agribusiness shareholders to raise N5bn capital

Ellah Lakes Plc’s shareholders have approved a plan to raise approximately N5 billion in stock. The PUNCH reported that the shareholders gave their consent at the company’s latest Annual General Meeting. Resolutions from the AGM were submitted to the Nigerian Exchange Limited on Thursday. “That, the Board of Directors be and is hereby authorized to raise up to […]

Farmers to increase revenue using agro-commodity trading app
Agribusiness

Farmers to increase revenue using agro-commodity trading app

An application for trading agricultural commodities has been developed to provide farmers with market access and to improve the supply of raw resources to industries. The PUNCH reported that designers of the Straddle app noted that farmers were unable to obtain vital information regarding fair pricing and market trends because there was not the technology available […]

Experts seek partnership for sustainable agribusiness
Business

Experts seek partnership for sustainable agribusiness

Those involved in the agro-industry have been urged by the International Institute of Tropical Agriculture to partner with, invest, and give youths more influence in order to make the sector more profitable and productive. The Innovative Youth in Agriculture hosted an agribusiness investors network at the Ecobank Headquarters in Lagos, and this was the main presentation. In his […]

Ecobank reveals progress in quest to create strategic roadmap
Agribusiness

Ecobank, IITA train 16,000 youths to generate income through agriculture

In order to teach 16,000 Nigerian youths how to build wealth through agriculture, Ecobank Nigeria Limited announced a partnership with the International Institute of Tropical Agriculture. Young Nigerians between the ages of 18 and 40 are the target audience for the program, which will include important areas of specialty like poultry, aquaculture, horticulture, and value […]

Agribusiness featured

FG partners World bank on six-year livestock project

The Federal Government in collaboration with the World Bank have unveiled a six-year livestock development initiative.   The initiative, which is tagged: ‘Livestock Productivity and Resilience (L-PRES)’, is with the aim of upscaling production and curbing farmers/ herders’ crises.   The Nation reported that the Chief of Staff to the president, Professor Ibrahim Gambari, during […]

Agribusiness

‘Palm oil can contribute $20bn to Nigeria’s GDP yearly’

The National Palm Produce Association of Nigeria, have said that Nigeria’s oil palm is capable of contributing $20 billion annually to the country’s Gross Domestic Product, along with massive job creation along the value chain.   Vanguard reported that, however, the National President, National Palm Produce Association of Nigeria, Alphonsus Inyang, has lamented that the […]

Agribusiness

West Africa gets US’ $4m grant to tackle child labour

The United States Department of Labour has announced a $4 million award to support the International Labour Organization’s work to implement a technical assistance project in West Africa.     The department made this known in a press release on its website on Tuesday, stating that the ILO is expected to work with the government […]

Agribusiness

China donates over N2.8bn agric centre to Nigeria

The Chinese government on Tuesday have donated over 2.8 billion worth of agricultural demonstration centre to Nigeria.   The Chinese Ambassador to Nigeria, Cui Chun, made this disclosure on the sidelines of noting how China is currently working with Nigeria to tackle insecurity.   According to Chun, the agricultural centre project kicked off on 18 […]

Agribusiness

Edo govt supports farmers with rice mills, others

The Edo State Government has acquired equipment and trained farmers for agro-processing in its quest to boost food production across different locations in the state.   The Commissioner for Agriculture and Food Security, Stephen Idehenre, made this known while addressing farmers at the Rubber Estate Nigeria Limited, Ovia South-West Local Government Area, noting that the […]

Agribusiness

Agro-allied industry, way out of oil dependence- IPAN

The Institute of Public Analysts of Nigeria said the country needs to tackle issues preventing its agro-allied industry from growing in order to ensure that Nigeria’s economy is less-dependent on oil.   According to Punch, the Registrar, Aliyu Angara, disclosed this during the commemoration of the 30th anniversary of the institute and Mandatory Continuous Professional […]

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