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Tag: farmers

Naira devaluation worsens Nigeria's debt woes
News

FG trains 3,000 farmers in 12 states

Three thousand vulnerable farmers in twelve South-West and South-South states have received training and empowerment from the Federal Ministry of Agriculture and Food Security. The PUNCH reported that according to the Federal Ministry of Budget and National Planning, the initiative was carrying out the Agriculture for Food and Jobs Creation Program, which is part of […]

Nigeria to produce food worth €62bn by 2024 - Report
Business

Lower interest rates to boost food security, farmers urge CBN

Nigeria’s Central Bank has been encouraged to lower loan rates in order to increase food production by the Agriculture Development Farmers Association of Oyo State. According to The PUNCH, the association’s chairman, Salihu Imam, stated that a large decrease in financing costs would spur agricultural growth and improve the country’s food security. “Bringing down lending rates […]

Farmers lament as food prices soar
Business

Farmers lament as food prices soar

Nigerian farmers claim that despite massive investments made in the agriculture industry, the cost of goods and food continues to rise. According to The Punch, farmers from various regions of the country also attributed the failure of the government’s agricultural intervention schemes to the absence of key sector stakeholders’ input throughout the plan development process. […]

Agribusiness

Food production: Farmers urge FG to prioritize security, mechanization

Nigerian farmers have called on the Federal Government to provide security and affordable farm inputs like seeds, insecticides, herbicides, and fertilisers to boost food production.   The President of the All Farmers Association of Nigeria, Kabir Ibrahim, told journalists in Abuja on Friday that farmers needed some mechanisation, according to the News Agency of Nigeria. […]

Nigerian agrictech startup invests $100m in African smallholder farmers
Agribusiness

Nigerian agrictech startup invests $100m in African smallholder farmers

Nigerian agrictech startup, ThriveAgric has claimed to have invested more than $100 million to help 514,000 smallholder farmers increase food production in Africa. According to Nairametrics, this was stated by the corporation in its 2022 Impact Report. The agricultural company claimed that in order to achieve these ground-breaking achievements, it made use of its in-house […]

Olusegun Obasanjo
Opinion

Obasanjo blames political leaders for food insecurity

A former President, Olusegun Obasanjo, has revealed that farmers are not to be blamed for food insecurity in the country but political leaders.   Naija News reported that the Obasanjo made this known on Sunday at a lecture organized to mark his 86th birthday in Abeokuta, Ogun State, as he emphasized that farmers should not […]

Bags of Fertilizers
Business Uncategorized

FG to initiate fertilizer subsidy for farmers  

  The Federal Government of Nigeria is making plans to initiate subsidy on fertilizer to farmers in the country through a programme financed by the African Development Bank and International Fund for Agricultural Development. According to The PUNCH, this information was disclosed in the IMF’s Selected Issues paper on Nigeria, prepared by fund’s team as […]

IMF logo
Business featured

76% CBN Anchor Borrowers’ loans unpaid – IMF

The International Monetary Fund has confirmed that 76 percent of loans disbursed under the Central Bank of Nigeria’s Anchor Borrowers’ Programme, for farmers have not been returned. This is according to information provided by the International Monetary Fund in its Selected Issues paper on Nigeria. The issue paper was created by the fund’s staff team […]

Agribusiness

Enugu farmers, SMEs benefit from World Bank’s project

Farmers, Small and Medium Enterprises and others have benefitted from the World Bank assisted Agro-Processing, Productivity Enhancement and Livelihood Improvement Support Project in Enugu State.   The Enugu State Deputy Governor, Mrs Cecilia Ezeilo, made this known during a two-day World Bank 9th Implementation Support Mission held in Enugu.   The News Agency of Nigeria […]

Agribusiness

Climate change: Bill, Melinda Gates donate $1.4b to African farmers

The Bill & Melinda Gates Foundation announced today that it would contribute $1.4 billion to support smallholder farmers in addressing the short- and long-term effects of climate change, joining calls from African leaders for countries to quickly scale up financing for climate adaptation. This was disclosed the Gates Foundation CEO Mark Suzman, at the 27th […]

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 […]

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