Nigeria Aims to Reduce Wheat Importation by 50%

The Federal Government of Nigeria (FG) has reached a decision to empower farmers in about 12 northern states, distributing up to 7,500 improved wheat seeds for planting.

The major objective of this decision is to reduce wheat importation into the country by 50%, thereby saving importation cost of about N318 billion annually.

Agricultural Sector Gets Mainstreet Bank’s ₦10b

In support of the Federal Government’s agricultural transformation initiative, Mainstreet Bank Limited said it had invested about ₦10 billion in the Growth Enhancement Scheme (GES) of the sector.

Roger Woodbridge, Mainstreet Bank’s Executive Director, Corporate and Investment Banking, who made this disclosure, commended the government for coming up with the GES which was designed specifically to provide affordable agricultural inputs to farmers in order to increase their yields.

Agric Sector Attracts ₦80b Investment

The agricultural sector has attracted more than ₦80 billion investments from the private sector, President Goodluck Jonathan said yesterday.

He made this remark in Abuja while speaking at a two-day summit titled: ‘Realising the Potential of African Agriculture’ by the Rockefeller Foundation.

The president stressed that the transformation of agriculture in Nigeria is a centerpiece of the entire transformation agenda of his administration

FG to Earn $1.37b from Cassava Chips Exports

The Minister of Agriculture, Dr. Akinnwnmi Adeshina, has said that Nigeria will this year, earn between $802 million to $1.37 billion as exports of dried cassava chips to China and Europe.

Dr. Adeshina said that Nigeria’s earnings increased by ₦759 billion in 2012 through effective and aggressive Federal Government-led agricultural drive.

BOA to Provide ₦3.6b Facility for Farm Mechanisation

In a bid to increase agricultural production in the country, the Bank of Agriculture (BOA) has signed a Memorandum of Understanding (MoU) with the Federal Ministry of Agriculture for a ₦3.6 billion facility for farm mechanisation programme in the country.

BOA’s Managing Director, Dr. Mohammed Santuraki, at the weekend in Kaduna, said that the partnership with the Ministry would further promote government’s transformation agenda for the agricultural sector, adding that the agricultural mechanisation programme was critical to the real sector’s revival scheme.

Reviving Agribusiness

Agriculture is the major occupation and the main source of livelihood for over 2.5 billion people globally. This includes about 1.3 billion small holders and landless workers. It is estimated that 75% of low income earners live in rural areas. Of this population, 86% rely on agriculture as a means of livelihood.

Consumers Want More Value For Money –Noodles Industry’s Report Shows

In an era when quality has become a deciding factor in product selection for clients, Customer Satisfaction (CS) surveys are essential tools enterprises can employ for listening to customers about their satisfaction levels, and for developing strategies for improvement. Knowing what customers think about your company’s products and services, as well as their opinions of competitors’ offerings, is crucial for business survival.

FG to establish 18 cassava processing industries

The Federal Government will collaborate with the private sector to establish 18 cassava processing industries with machines that can process 240 tonnes of cassava per day.

President, Nigeria Cassava Growers Association (NCGA), Olusegun Adewunmi, disclosed this in an interview with the News Agency of Nigeria in Abuja on Thursday.

Mr. Adewunmi said this was in line with the Agricultural Transformation Agenda of President Goodluck Jonathan's Administration, pointing out that the processing industries would create market for cassava.

War Of The Breweries

In the last decade, the Nigerian brewery industry has faced a remarkable surge in the levels of struggle for dominance. There is stiffer rivalry among the existing players, encroachment of new competitors, threat of substitutes as well as bargaining power of suppliers and buyers. To gain and maintain market share, the brewery giants are increasingly adopting products innovation, packaging and branding, pricing differentiations, distribution models and channels, strategic global alliances, market segmentation, adverts and sponsorship.