FMCG

CPC Investigates Nigerian Breweries over Alleged ‘Health Benefits’ of Beer

The Consumer Protection Council (CPC) has commenced investigation into the veracity of the recent widely publicised claims of the Nigerian Breweries Plc (NB) regarding the health benefits of beer consumption, alleging that the claims are capable of luring unsuspecting consumers into unwholesome consumption of the product.

Nigerian Breweries had in media reportage of its recent symposium held in Lagos early July 2016 asserted that consumption of beer has many nutritional, health and therapeutic benefits.

Agric College Partners Foreign Investor on Cassava Production Enterprise

The Provost, Federal College of Agriculture, Akure, Dr Adeola Odedina, says the college is partnering with foreign investors to creating millions of value chain job opportunities in Cassava Production.

Odedina disclosed this in Akure on Wednesday at the occasion of Cassava Adding Value for Africa Phase ll (CAVA ll) Project's International Farmers' Field Day on cassava production enterprise.

Farmers Urge Govt. Agencies to Improve on Storage Facilities

Farmers have urged relevant agriculture agencies to improve on the nation's produce storage facilities to achieve the Federal Government's objectives of boosting food production.

The farmers were reacting to the inauguration of the Presidential Committee/Task Force on Rice and Wheat to facilitate its programme on self-sufficiency in food production.

Stakeholders Urge Support for Farmers to Boost Rice, Wheat Production

Stakeholders in rice and wheat production in some of the North Eastern states have urged government at all levels to give adequate support to farmers to enable them boost their production.

They told the News Agency of Nigeria in separate interviews that rice and wheat farmers in the country had the potential to feed the country and export same if given the necessary support.

Aminu Maiwada, a rice farmer in Gashua town of Yobe said that most states in the country had areas that were suitable for rice production.

Weak Pound 'Could Raise Supermarket Prices'

Supermarket prices could rise if the pound's fall continues, retail analysts have said.

According to BBC report, some 40% of food consumed in the UK is imported meaning "any long term change in exchange rates may threaten the current period of cheaper groceries," according to Kantar Worldpanel.

Online supermarket Ocado also said the weaker pound could lead to "inflationary pressure".

The pound has fallen about 11% against the dollar since the Brexit vote.

25 Companies Sign MoU to Participate in Rice Programme

Twenty-five seed companies on Friday in Gwagwalada, FCT, signed a Memorandum of Understanding with the Seed Entrepreneurs Association of Nigeria (SEEDAN) to produce certified rice seeds for farmers in the country.

According to the News Agency of Nigeria, the MoU is under the recently launched ECOWAS Rice Seed Up-scaling Project, aimed at boosting local production of paddy rice.

It is being implemented by SEEDAN in collaboration with the West and Central African Council for Agricultural Research and Development (CORAF/WECARD) and other regional partners.

Nigeria, Norway to Deepen Cooperation on Fisheries Development

President Muhammadu Buhari Thursday in Abuja said Nigeria and Norway, a major fish exporting country, will work together to deepen their agricultural cooperation, particularly on fish farming and fisheries development.

Speaking at a farewell audience with the outgoing Ambassador of Norway to Nigeria, Ambassador Rolf Ree, President Buhari said his administration will continue to promote agriculture as an alternative revenue earner for the country.

Nigeria Imports ₦165b Fruit juice Annually, Says Manufacturers’ Association

Nigeria spends N165 billion annually to import fruit juice, the President of the Manufacturers’ Association of Nigeria (MAN), Dr Frank Jacobs, has said.

In a paper presented at a workshop organised by the Raw Materials Research and Development Council (RMRDC) in Owerri on Friday, Jacobs noted that in spite of the high rate of fruit production and a thriving juice market, the country imported fruits concentrates.

Nigeria to Tap Strategic Wheat Reserves to Rein in Food Prices

Nigeria will tap its strategic grain reserves to rein in food prices, President Muhammadu Buhari said, as Africa's biggest economy faces its worst economic crisis in decades fuelled by a collapse in crude oil prices.

Annual inflation in the continent's top oil exporter rose to a near four-year high of 12.8 percent in March from 11.4 percent in February, driven by a rise in food prices.

"President Buhari has ordered the release of 10,000 tons of grain from the National Strategic Grains Reserve to check food price increases," his office said in a tweet on Sunday.

EU Commits €12m to Improving Quality of Nigerian Agric Produce

‎The European Union (EU) says it has earmarked 12 million euros (N2.5 billion) to support and improve the standard and quality of four Nigerian agricultural products.

Mr Filippo Amato, the Counselor and Head of Trade and Economics Section of EU, disclosed this at a National workshop on the Development of Standards and Engagement of the Private Sector, in Abuja on Thursday.

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