Rice Smuggling Thrives in Spite of Ban

The smuggling of rice through the land borders has continued to thrive in Badagry area of Lagos State in spite of the Federal Government’s ban on the practice.

The News Agency of Nigeria reports that markets along Badagry Expressway close to Seme border, are stocked with various varieties of smuggled rice, especially as the Christmas season approaches.

A smuggler, who identified himself as Sunday Egeseme, was seen offloading bags of rice from his car at Alaba Rago Market in Okokomaiko area of Lagos.

He described the business as “lucrative’’.

Nigeria famine risk rising, those in danger may double in 2017 –IPC

Global food security monitors said on Friday that Nigeria's Borno state was at increased risk of famine, with one study projecting the number of those affected will rise to 115,000 in 2017 from 55,000 this year, Reuters reports.

The northeastern state is the area worst hit by the seven-year Boko Haram insurgency that has killed 15,000 people and uprooted more than 2 million during the Islamist militants' attempt to create a "caliphate" in the area.

Nigeria-Moroccan Venture to Produce 1m tons of Fertilizer from Next Year

An agreement between the governments of Nigeria and Morocco, anchored by Fertilizer Producers and Suppliers of Nigeria (FEPSAN) and a Moroccan company, OCP will yield one million tons of fertilizer through local production for next farming season.

This will be a short term solution that will, by a signed agreement also force the price of fertilizer from N8,000 to a low of about N5,000.

African Development Bank Launches Feed Africa Strategy

The African Development Bank Group (AfDB) launched its Feed Africa Strategy in the West Africa sub-region, a programme to make the continent food sufficient.

The programme which was launched at a workshop in Dakar recently was approved by the Board of Directors of the AfDB in June 2016.

The workshop was to sensitise and enhance the mobilization of all stakeholders for the implementation of the “Feed Africa: Strategy for the Agricultural Transformation in Africa 2016 – 2025″.

Nigeria to Start Rice Exportation in 2017

The Central Bank of Nigeria (CBN) on Tuesday said its Anchor Borrowers Programme for the promotion of Agriculture had set the country to begin exportation of rice by 2017.

The News Agency of Nigeria reports that the Anchor Borrowers Programme of the CBN and the Presidential Committee on Rice Production launched in July had jointly set the target.

The Acting Director of Corporate Communications of the apex bank, Mr Isaac Okorafor, said this in Yenagoa at a sensitisation workshop for farmers.

Anchor Borrowers’ Programme: Emefiele Assures States of Support

The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has assured that the Bank would support State Governments interested in keying into the Anchor Borrowers’ Programme (ABP), which the CBN initiated in collaboration with the Federal Ministry of Agriculture and Rural Development.

He gave the assurance in Anaku, Anambra State recently during an assessment tour of Coscharis rice farms to ascertain the impact of the N2 billion credit granted the farm under the CBN Anchor Borrowers’ Programme.

‘98% of Nigeria’s Dairy Products Imported’

The Chairman, Dangote Group, Aliko Dangote, says 98 per cent of all dairy products consumed in the country are imported.

Dangote made this assertion in Lagos on Monday while addressing some students of the Executive MBA class of the Lagos Business School who visited the Dangote Petrochemical Refinery.

He said that the nation was at the risk of hunger in the next few years if the mass food importation was not checked.

“Ninety-eight per cent of all the milk and dairy products we consume in Nigeria are imported.

Recession: Agriculture, Mining Way Forward

The Director Centre for Agriculture and Pastoral Research of the Usmanu Danfodio University, Sokoto, Prof. Lawali Abubakar, has called for the diversification of the economy through huge investment in agriculture and mining.

Abubakar told the News Agency of Nigeria in Sokoto at the weekend that diversification of the economy in the two sectors could tackle poverty and the economic challenges bedevilling the county.

FG Approves ‘Green Alternative’ Policy towards Diversified Economy

The Federal Executive Council (FEC) has approved the implementation of the ``Green Alternative’’, a road map towards diversifying Nigeria’s economy.

The Minister of Agriculture, Mr Audu Ogbeh, made this known on Wednesday in Abuja while briefing State House correspondents at the end of the Council’s meeting, which was presided over by President Muhammadu Buhari.