Association secures 1million Euros support to improve livestock business

The Association for Promotion of Livestock Production in Sahel and Savannah (APESS) has secured one million Euros support from European Union to improve livestock business in Sokoto, Katsina and Kebbi states, all in Northern Nigeria.

Dr Ardo Aliyu, its National Co-ordinator, told newsmen in Sokoto on Monday that the grant would be used to embark on a project tagged “APESS-PAMOBARMA PROJECT”.

Nigeria spends $500m annually on palm oil importation –CBN

The Governor, Central Bank of Nigeria (CBN) Mr Godwin Emefiele on Monday said that over five hundred million dollars was being spent annually on importation of palm oil.

Emefiele said this at a stakeholders’ meeting on the Palm Oil Value Chain held in Abuja.

The meeting was attended by the Governors of Akwa Ibom, Edo and Abia.  Also, the managers of Dangote Farms, Flour mills, United Food Industries and Dufil Frima Foods Plc, among others were at the meeting.

Cashew Exporter wants Storage Facilities at Seaports

A cashew nuts exporter, Mathew Obot, has appealed to the Federal Government to provide storage facilities at the country’s seaports to enhance preservation of commodities before export.

Obot made the appeal in an interview with the News Agency of Nigeria last Friday in Lagos.

He said that the absence of such facilities at the country’s ports was having negative bearing on export of produce and was discouraging many people from continuing with produce trade.

Standard Organization drafts new guidelines for indigenous food

The Standard Organization of Nigeria (SON) has coordinated the drafting of five new standards on indigenous foods to promote agriculture.

The five standards are packaged millet for pap, corn pap powder, sorghum powder for pap, and Fonio flour, Acha flour.

The initiative was designed to boost agriculture, the bedrock of the economic diversification agenda of Nigeria.

SON also promotes the application of research and technology to boost the production of foods for local consumption and export.

Traders sensitise Nigerians on importance of consuming locally grown food

The National Association of Nigerian Traders (NANTS) has urged Nigerians to shun the patronage of imported food items and to promote the consumption of locally grown food.

Mrs Ruth Agbo, NANTS National woman leader, made the appeal at a campaign against ‘Illegal Importation of Foods and Indiscriminate use of chemical on food items’, in Abuja.

She said it had become necessary to create awareness on the importance of consuming locally grown food in the country.

Nigeria, Brazil Launch $1.1b Agricultural Programme

Nigeria and Brazil have launched a US$1.1billion Agricultural mechanisation programme that covers the entire Agricultural value chain.

Vice President Yemi Osinbajo launched the initiative, tagged “The Green Imperative” at an event attended by the Braizilian Ambassador to Nigeria, Ricardo Guerra de Araujo with four Nigerian governors, ministers and other government officials at the Banquet Hall of the Presidential Villa, Abuja.

IFAD to pump $100m into Nigeria’s agricultural sector

The International Fund for Agricultural Development (IFAD) has set aside $100 million for investment in Nigeria in 2019 after the general election.

The Minister of State for Agriculture and Rural Development, Sen Heineken Lokpobiri, at the weekend, commended Nigerian farmers over wealth creation and increased participation in pilgrimages under the Buhari-led administration.

Africa Agribusiness will hit $1trn by 2030

With its vast agricultural potential, Africa’s agribusiness sector is predicted to reach $1 trillion by 2030.

Leaders of the continent’s top agribusiness companies shared their thoughts on the future of the industry at the Africa Investment Forum holding in Johannesburg in South Africa.

As project sponsors, borrowers, lenders and investors also gathered at the Forum to make deals on investment opportunities.

Agribusiness will become the ‘new oil” on the continent, African Investment Forum participants said, fueling the motor of inclusive growth.

Farmers to Generate ₦5.85b Annually from Rubber Plantations

Farmers in Southern Kaduna are expected to generate N5.850 billion annually from Rubber plantation, according to Dr. Wuranti Valla, an official of the Rubber Research Institute of Nigeria (RRIN), Benin.

Valla, a Chief Research Officer in the institute that 52 farmers, including the state government, had cultivated about 52 hectares of rubber plantations in six local governments.

NEXIM Bank, Ondo State to Partner on Cocoa Export

Nigerian Export-Import Bank (NEXIM) is seeking partnership with Ondo State on cocoa projects and other commodity exporters to boost export trade, Mrs Stella Okotete, Executive Director, Business Development of the bank, has said.

In a statement in Abuja on Wednesday, Mr Tayo Omidiji, Head, Strategy and Communication of NEXIM, said Okotete spoke when the bank’s management team visited business operators and major projects in Ondo State.

She said the visit was aimed at ensuring partnership that would drive export in the state.