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AfDB Raises Hopes of Cocoa Farmers in Africa

Posted by Finintell on Wednesday, 9 August 2017

The African Development Bank (AfDB) says it is working towards providing support to cocoa producers in the continent in order to turn around their fortunes.

A statement by Mr Emeka Anuforo, AfDB’s Communication Officer on Wednesday said the bank was also considering support to Ghana and Côte d’Ivoire to reduce the volatility of the international prices of cocoa.

Côte d’Ivoire leads the world in the production and export of cocoa.

Investment Authority Rehabilitates Fertilizer Plants

Posted by Finintell on Monday, 7 August 2017

The Nigerian Sovereign Investment Authority (NSIA), also known as the Sovereign Wealth Fund, has resuscitated 11 fertilizer blending plants across the country, which substantially brought down the price of fertilizer, ended fertilizer subsidy and ensured the availability of the commodity, the News Agency of Nigeria reports.

The Fund’s Managing Director Uche Orji disclosed this in Abuja on Monday, while receiving the Minister of Information and Culture, Lai Mohammed, who paid a courtesy visit to the Authority.

Osinbajo Opens Argungu’s WACOT Rice Mill

Posted by Finintell on Wednesday, 2 August 2017

The Acting President, Prof. Yemi Osinbajo, says mining and agriculture will be the focus of the Federal Government for rapid economic development.

Osinbajo made the pledge in Argungu on Tuesday while inaugurating the N10 billion WACOT Rice Mill in Argungu Emirate of Kebbi state.

He said the continued investment in agricultural production by the private sector had vindicated the resolve of the Federal Government to invest in agriculture for revenue generation and development.

Yam Exportation a Wake-up Call for Farmers –Union

Posted by Finintell on Thursday, 20 July 2017

The President, Agricultural and Allied Employees Union of Nigeria (AAEUN) in Kwara, Kayode Ehindero, says exportation of yams will boost agricultural activities in the country.

Ehindero told the News Agency of Nigeria in Ilorin on Thursday that yam exportation was a wake-up call to farmers to double efforts in food production.

“The direct effect of this exportation is a wake-up call for farmers to cultivate more yams because of competition in the demand for exportation and domestic requirements.

Expert Makes Case for Organic Agricultural Systems

Posted by Finintell on Thursday, 13 July 2017

Resilient and vibrant Ecological Organic Agriculture (EOA) Initiative system will enhance food and nutritional security in the country.

Dr Olugbenga Adeoluwa, the Country Director of the initiative said this at the on-going three-day Organic Agriculture Business Summit on Thursday in Awka.

The summit was organised by the Initiative in support of the Association of Organic Agriculture Practitioners in Nigeria to maintain and sustain organic agriculture farming and development in Nigeria and Africa in general.

New Maize Varieties for Nigerian Farmers

Posted by Finintell on Wednesday, 5 July 2017

The Institute for Agricultural Research (IAR), Ahmadu Bello University, Zaria says it has secured approval for the release of three new high-yielding nutrient maize varieties for planting in Nigeria.

The Institute made this known in a statement made available to the News Agency of Nigeria on Wednesday in Lagos.

The institute said the approval was granted by the National Varietal Release Committee at the National Centre for Genetic Resources and Biotechnology in Ibadan.

FG Targets $8b Forex Earning Annually from Yam Export

Posted by Finintell on Friday, 23 June 2017

The Federal Government says it is targeting about eight billion dollars as annual foreign exchange from the exportation of yams to other countries if its yam export programme succeeds.

The Minister of Agriculture and Rural Development, Audu Ogbeh, said this when he received the Technical Committee on Nigeria Yam Export Programme in Abuja on Thursday.

Ogbeh said the programme to be flagged off on June 29, would enable the country earn foreign exchange from agricultural produce in order to substitute the oil and gas sector.

Quarantine Service Releases Conditions for Yam Exports

Posted by Finintell on Thursday, 15 June 2017

The Nigerian Agricultural Quarantine Services (NAQS) has released the conditions for yam exports to the U.S and UK to enable them meet international standards.

Dr Vincent Isegbe, the Coordinating Director of NAQS, told newsmen in Abuja on Thursday that the conditions were drawn up, following the consistent rejection of the country’s agricultural produce at the international market.

Cassava Bread Initiative can Generate ₦255b Annually

Posted by Finintell on Thursday, 15 June 2017

The Association of Master Bakers and Caterers of Nigeria says the revival of the cassava bread initiative is capable of injecting about N255 billion into the country’s economy every year.

Mr Joseph Ubah, the Publicity Secretary of the association, said this on Thursday in an interview with News Agency of Nigeria in Abuja.

He said that initiative, which involved the use of composite flour containing 10 per cent cassava flour, for baking bread, would discourage exportation of wheat and promote cassava production in the country.

Nigeria to Export first Consignment of Certified Yams

Posted by Finintell on Saturday, 10 June 2017

Nigeria may officially export its first consignment of certified yams to the UK and U.S. by the end of June, Chief Audu Ogbeh, the Minister of Agriculture and Rural Development, has said.

A statement by Mr. Olukayode Oyeleye, Special Assistant (Media and Communication) to the minister, said in Abuja on Friday that the Federal Government was committed to restoring Nigeria’s place in agro-commodities export market.

The market had been lost for decades as a result of poor quality control.