Cocoa farmers beg govt to construct roads in rural areas
Businessam StaffJune 17, 2019
The Cocoa Farmers Association of Nigeria has called on the federal and state governments in the country to make rural roads in cocoa-producing states in the country motorable, to ease transportation of the produce to the market. The group lamented that the poor and inaccessible road networks was one of the major challenges the farmers […]
Germany Invests €2m in Nigeria’s Rice Production
Businessam StaffJune 5, 2019
The German Government with support from the Bill and Mellinda Gates Foundation has provided €2 million for the implementation of the second phase of the Competitive African Rice Initiative (CARI) in the country. The Programme Director of CARI, Jean-Bernard Lalannehe, disclosed this to newsmen, in Abuja on Wednesday. Lalannehe said the second phase of the […]
Nigeria spends N16bn annually on beans importation – FG
Businessam StaffApril 19, 2019
Despite being the number one producer of beans in the world, Nigeria spends N16bn annually to import the produce from neighbouring countries, the Federal Government has said. Speaking at a training for journalists organised by the Open Forum for Agricultural Biotechnology in Africa in Abuja on Thursday, Bitrus Bako, permanent secretary in the Ministry of Science […]
Kogi, 5 other states to benefit from $200m World Bank agro intervention
Businessam StaffApril 13, 2019
Governor Yahaya Bello’s agricultural drive is getting international support as Kogi, Lagos, Kano, Cross River, Kaduna and Enugu states are to benefit from the $200 million appeals project of the World Bank agro intervention. The intervention is part of measure which is aimed at enhancing agro-processing, productivity and livelihood. The project is in line with […]
West African cashews draw Vietnamese buyer to challenge olam
Businessam StaffApril 10, 2019
A Vietnamese conglomerate is entering the cashew market with possible deals in West Africa for more than a 10th of global output, a bold start to take on the $7 billion industry’s dominant buyers such as Olam International Ltd. In a fractured sector with dozens of producers, the purchase of such a large amount of […]
Over 70% of rice in Nigerian markets are foreign – Report
Businessam StaffApril 3, 2019
Despite concrete and visible interventions of the Central Bank of Nigeria (CBN) via the Anchors Borrowers Programme (ABP) on the rice sub-sector of the Nigerian economy, over 70 per cent of rice in Nigeria markets are foreign or imported. In a three-week survey on the rice market across the six geopolitical zones in the country, […]
Osun’s legacy in agricultural land reforms
Olukayode OyeleyeMarch 25, 2019
The task of feeding the teeming Nigerian population is overwhelming, requiring enormous efforts, great depth of thought, robust strategies and proactive actions. Recognition of the neglect of agriculture as a result of discovery of petroleum is not enough. Nigeria, as a nation must face up to the fact that people need to be fed and […]
Early rains boost prospects for Nigeria’s rice crop, farmers say
Businessam StaffMarch 20, 2019
Early rains in Nigeria’s rice-growing regions have boosted prospects for a good harvest, according to the farmers association, increasing the likelihood of lower imports by one of the world’s top buyers of the grain. “We have experienced early rains in the central states and in the northeast,” Aminu Goronyo, president of the Rice Farmers Association […]
Why U.S. growers are betting the farm on soybeans amid China trade war
Businessam StaffMarch 14, 2019
U.S. farmers are gearing up to plant what could be their third-largest soybean crop ever despite failing to sell a mountain of beans from their last harvest due to a U.S.-China trade war that remains unresolved. Soybeans were the single most valuable U.S. agricultural export crop and until the trade war, China bought $12 billion-worth […]
Nigerian miners advocate domestic processing of minerals to drive improved GDP contribution
Businessam StaffFebruary 27, 2019
By Adesola Afolabi and Afolabi Oluwaseun Shehu Sanni, president, Miners Association of Nigeria has advised domestic investors interested in the Nigerian mining sector, to invest in domesticated mineral processing while also calling for the sensitization of investment towards mineral processing. At a one-day sensitization forum hosted by NACCIMA, themed, “Potential of the Nigerian Mining […]