Tag: farmers

Honda boosts food production with new mechanised equipment
Agribusiness

Honda boosts food production with new mechanised equipment

Honda Manufacturing Nigeria Limited, over the weekend, launched a piece of agricultural equipment that would increase farmers’ yield as well as make large-scale farming efficient, in order to attain self-sufficiency in rice and other food production in Nigeria. The manufacturing company launched a hand-held shaft, for cultivating agricultural lands; a motorised backpack, for spraying chemicals […]

Agribusiness

Agric imports reach N2.7tn despite N129bn intervention loans

Despite spending no less than N129.084bn on agriculture loans to farmers, Nigeria’s agricultural imports continued to take an upward trajectory, hitting N2.7tn in 2021 alone. According to findings by our correspondent, the Central Bank of Nigeria and the Federal Government, through the Agricultural Credit Guarantee Scheme Fund, has guaranteed a total of N129.084bn in agriculture […]