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Agribusiness featured

NADF, OSPRE sign MoU for agricultural early warning system

The National Agricultural Development Fund and the Office for Strategic Preparedness and Resilience have signed a Memorandum of Understanding to deploy an Agricultural Early Warning System. This system will provide farmers, policymakers, financial institutions and other stakeholders with timely information for planning and responding to threats affecting food production across the country. In a statement […]

featured Finance

World Bank approves $500m to boost Nigerian agric sector

The World Bank has approved a $500 million International Development Association credit to boost Nigeria’s agricultural sector under a new programme targeting smallholder farmers, value chains, and food security. The funding will support the Nigeria Sustainable Agricultural Value-Chains for Growth project, also known as AGROW, which aims to improve productivity, strengthen market linkages, and create […]

Agribusiness

FG partners NAICOM to reform agricultural insurance framework

The Federal Government is preparing to overhaul the agricultural insurance framework through a strategic partnership between the National Insurance Commission and the Federal Ministry of Agriculture and Food Security. The collaboration seeks to strengthen protection for farmers and support national food security goals. A statement issued by NAICOM on Saturday detailed the initiative. It followed […]

Finance

Reps probe non-release of ₦174.26bn agric intervention funds

The House of Representatives has commenced an investigation into the alleged non-release of N174.26 billion in agricultural intervention funds. The probe directs Ministries, Departments and Agencies as well as development partners to fully cooperate with the fact-finding exercise. The Chairman of the House Committee on Agricultural Production and Services, Bello Ka’oje, made this known in […]

Investment

AfDB approves $200m loan for Nigeria’s climate-smart agriculture boost

The African Development Bank Group has approved a $200 million loan to Nigeria to support climate-smart and technology-driven agriculture. The approval was disclosed in a statement by the Bank. The financing aims to strengthen food security, boost productivity, and improve agricultural value chains. The loan will fund the second phase of the Federal Government’s National […]

Housing

FG unveils integrated housing, agriculture project in Niger

The Federal Government has launched the Sustainable Integrated Productive Communities, a wide-ranging initiative designed to integrate mass housing, agriculture, renewable energy and enterprise development into a single development framework, with the first pilot project scheduled to begin in Niger State. The initiative is aimed at tackling food security challenges, expanding access to affordable housing, promoting […]

Agribusiness

Katsina gov distributes 4,000 irrigation pumps to boost agriculture

Katsina State Governor, Dikko Radda, has reaffirmed his administration’s commitment to grassroots agricultural transformation as he flagged off the distribution of irrigation equipment and farm inputs to farmers across the state. The event, which took place at the Government House, Katsina, on Monday, was organized under the auspices of the Katsina State Community Development Programme […]

Agribusiness

NALDA to end tomato, pepper scarcity in FCT

The National Agricultural Land Development Authority has announced its plan to unveil the Afritropic Greenhouse Farms by December, aiming to ensure the year-round availability of fresh, hygienic vegetables for residents of the Federal Capital Territory and neighboring states. The Executive Secretary of NALDA, Mr. Olusegun Adebayo, revealed this during an inspection of the construction site […]

Agribusiness

Benue approves new agro-climatic agency, probes input supplies

The Benue State Executive Council has approved the establishment of a new agency to be known as the Benue State Agro-Climatic and Watershed Management Agency. State Commissioner for Agriculture and Food Security, Benjamin Ashaver, made this known at the Government House Makurdi after the State Executive Council meeting, while briefing journalists on the outcomes. The […]

Food

FG to introduce guaranteed minimum price for farm produce

The Federal Government said it would soon introduce a Guaranteed Minimum Price for agricultural produce for farmers and undertake large-scale off-take of farm harvests. Minister of Agriculture and Food Security, Abubakar Kyari, announced this on Tuesday at a breakout session on “Catalysing Agricultural Transformation: Capital, Innovation and Growth” at the ongoing Nigeria Economic Summit. The […]

FG signs €995m deal to boost Nigerian agriculture sector
Agribusiness

FG commits $538m to special agro-industrial projects

The Federal Government has announced a commitment of $538.05 million towards the establishment of Special Agro-Industrial Processing Zones across the country, as part of efforts to transform Nigeria’s food systems and strengthen agricultural productivity. The Minister of Agriculture and Food Security, Abubakar Kyari, made this known on Monday in Abuja at the Community of Practice […]

FG signs €995m deal to boost Nigerian agriculture sector
Agribusiness

Nigeria secures AfDB funding for agricultural expansion

The Federal Government has secured an enhanced funding commitment from the African Development Bank to operationalize the second phase of the Special Agro-Industrial Processing Zones. This project aims to scale up climate-resilient infrastructure and inclusive agro-industrial growth across 24 states, expanding from the initial eight states and the Federal Capital Territory. The SAPZ Phase 2 […]

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