FG to establish 774 farmers’ service centres
Businessam Staff
October 29, 2019
The federal government is to establish 774 service centres for farmers across the country, Sabo Nanono, the minister of agriculture and rural development, has said. Nanono said farmers would access improved seeds and other farm inputs from the centres. He disclosed this during a town hall meeting with members of the All Farmers Associations of […]
CALCIMA says Cross River’s 200,000 mtpa palm oil primed for CBN’s N30bn expansion initiative
Ben EguzozieOctober 24, 2019
Eta Ndoma-Egba, the president of Calabar Chamber of Commerce, Industry, Mines and Agriculture (CALCIMA), says Cross River State’s 2018 production level of over 200,000 metric tonnes of palm oil per annum (mtpa) on 360,000 hectares under cultivation, involving over 18,000 farmers, makes the state primed to access the Central Bank of Nigeria’s (CBN) ongoing N30 billion palm […]
Investors’ appetite for short-term investment a driving force for digital agriculture investment platforms – Operators
Chris IkosaOctober 16, 2019
By Kenneth Afor Operators of most digital agriculture investment platforms in the country have said that one of the driving forces behind their investment platforms can be traced to investors’ appetite for the short-term investment plan. Another contributing factor behind investors’ appetite is that there are stipulated dates or period of return on investment (R.O.I) […]
Minister pledges to place priority on funding of agricultural research
Businessam StaffOctober 4, 2019
Muhamad Sabo-Nanono, minister of agriculture, on Friday, says the ministry will give priority to funding of agricultural research institutes above construction of structures. The minister stated this in an interview with newsmen while on tour of facilities at the National Animal Production Research Institute (NAPRI), Shika, Zaria, Kaduna State. He commended NAPRI for prudent management […]
FMARD, Biosafety Agency seal MoU on food security
Tola AkinmutimiJuly 4, 2019
By Tola Akinmutimi The federal ministry of agriculture and rural development and the National Biosafety Management Agency (NBMA) had signed a memorandum of understanding (MoU) in order to enhance food safety in the country which is one of the major agenda of the present administration. Mohammed Bello Umar, the permanent secretary in the Ministry, […]
Nigeria saving N1.2bn daily on rice importation through CBN’s initiatives – RIFAN
Tola AkinmutimiJuly 3, 2019
By Tola Akinmutimi The Rice Farmers Association of Nigeria (RIFAN) on Wednesday said that through the Central Bank of Nigeria’s (CBN’s) Anchor Borrowers Scheme (ABS) and other initiatives, the country had been saving about N1.2 billion daily on rice importation. Aminu Goronyo, the president of the association, who gave this hint in Abuja, said […]
EU steel industry says it faces existential crisis, urges tougher safeguards
Businessam StaffJune 27, 2019
Senior steel industry executives on Wednesday urged the European Commission to strengthen measures to protect against a surge in imports triggered by U.S. tariffs, saying the future of the European industry was under threat, particularly in Britain. Chief executives, including from Outokumpu, Salzgitter, and a division chief at ArcelorMittal said the EU safeguard measures have […]
Nasarawa, Edo, Ogun get lion share of N5.48bn agric loans
Businessam StaffJune 25, 2019
Nasarawa, Edo and Ogun states received the highest amount of loans for agriculture among the 36 states in the country and the Federal Capital Territory under the Agricultural Credit Guarantee Scheme of the Federal Government. Latest figures from the Central Bank of Nigeria also showed that the three states made the highest amount of loan […]
Agriculture secretary says U.S. farmers are ‘casualties’ of trade war: CNN
Businessam StaffJune 25, 2019
U.S. Agriculture Secretary Sonny Perdue acknowledged that American farmers are “casualties” of President Donald Trump’s trade war with China, according to an interview broadcast on Tuesday. Perdue told CNN he did not expect a trade deal to be reached when Trump meets with Chinese President Xi Jinping this month at the G20 summit in Japan […]
Goldman says commodity returns to grow amid easing monetary policy
Businessam StaffJune 18, 2019
Returns on investing in commodities will be boosted as central banks ease monetary policy and governments take steps to offset the impact of global trade disputes, Goldman Sachs said. The investment bank said it was forecasting three-month total commodity index returns of 10% for the S&P Goldman Sachs Index and 9% returns on a 12-month […]