World Bank to introduce Fadama III livestock project in Bauchi
Businessam Staff
July 20, 2018
The World Bank under its Fadama III Additional Financing Project will soon introduce Livestock Production and Resilience Support Project in Bauchi State. The leader of Task Team of the project, Dr Adetunji Oredipe, made the disclosure in Bauchi on Thursday when the team paid a courtesy visit on the State Commissioner for Agriculture and Natural […]
LCCI wades in to help SME farmers access finance for agric development
Temitayo AyetotoJune 19, 2018
The federal government has unusually widened its scope of financial interventions to Small and Medium Enterprises in the agricultural sector. Yet, many players are caught in the web of inaccessibility. But the Lagos Chamber of Commerce and Industry (LCCI) Agriculture and Agro-Allied Group recently veered into demystifying the procedural aspects of accessing the Central Bank […]
AfDB to invest $120m to boost cassava, rice, maize, sorghum, millet, wheat production in Africa
Anthony OgboJune 13, 2018
The African Development Bank (AfDB) says it would invest $120 million in the next three years to boost cassava production and transform production of eight other commodities, the bank said at a conference on the produce. Martin Fregene, AfDB’s director of agriculture, who spoke at the ongoing conference on Global Cassava Partnerships (GCP) for the 21st Century […]
Buhari seeks increased agric financing from AFREXIM
Businessam StaffJune 8, 2018
President Muhammadu Buhari has requested the African Export-Import Bank (AFREXIM) to bump up its agriculture financing provisions in alignment with the diversification priorities of the administration, according to a monitored report of a meeting he had with officials of the bank. The president made the request when he received the president of the bank and […]
Nigeria’s House Speaker solicits fresh laws to protect modernised agric practices
Temitayo AyetotoMay 8, 2018
Yakubu Dogara, Speaker of Nigeria’s House of Representatives has asserted that to achieve substantial results from the country’s agricultural diversification efforts, it is pivotal to enact new laws that will protect and drive modernised practices in the sector. The speaker who spoke at a public hearing of the House Committee on Agricultural Colleges and Institutions […]
Nigeria’s rice, cassava sub-sectors receive $8.06m UNDP, NIRSAL boost
Temitayo AyetotoMarch 26, 2018
The Nigerian rice and cassava agricultural sub-sectors have received sizeable boost of $8.06 million from a partnership between the United Nations Development Programme(UNDP), Nigeria Incentive-Based Risk Sharing for Agricultural Lending (NIRSAL) and the Ministry of Agriculture and Rural Development. Aliyu Abdulhameed, NIRSAL managing director at the signing of the Memorandum of Understanding (MoU) for the implementation of the pact […]
AFDB’s $300m loan to help Nigeria tackle youth unemployment
Ajose SehindemiMarch 15, 2018
Boss Mustapha, Nigeria’s secretary to the government of the federation has disclosed that the African Development Bank (AFDB) has approved a $300m loan as a contribution to job creation, food security and nutrition, rural income generation and improved livelihood for youths in both the urban and rural areas of the country. Mustapha said the government […]
$9m FADAMA III fund for agriculture restoration in North East
Businessam StaffMarch 15, 2018
60,480 direct beneficiaries of the food and livelihoods scheme of FADAMA III Additional Financing (AFII) Programme will receive $9m earmarked to restore agric operations in the North Eastern part of the country. The World Bank and the Federal Government had given the programme permission to disburse the fund to 189 Community Action Plans (CAPs) across […]
Anambra inaugurates rice seed multiplication centre
Businessam StaffMarch 9, 2018
A rice seed multiplication centre has been inaugurated at Umumbo community in Ayamelum Local Government Area of Anambra State to boost rice production in the state, Afam Mbanefo, commissioner for agriculture, mechanisation, processing and export, has said. The commissioner said the rice seed multiplication centre was set up to drive the state’s rice revolution agenda, […]
Expert advocates encouragement of commercial agriculture to sustain economy
Businessam StaffSeptember 25, 2017
Prof. James Adediran, Soil Scientist, and Executive Director, Institute of Agricultural Research and Training, (IAR&T), Ibadan, said the encouragement of large-scale commercial agriculture will sustain the economy. Adediran made the assertion in an interview with the News Agency of Nigeria (NAN) Monday in Ibadan, Oyo state, where he said that different levels of governance should focus […]