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Archive by Category "Agriculture"

HomeArchive by Category "Agriculture"

The European Union (EU), has urged Nigeria Government to increase export of agricultural produces like rubber, cocoa and palm oil to the EU countries. The Head of EU Delegation to Nigeria and ECOWAS, Mr Michel Arrion, stated this at a press conference on commemorate the 40 years of EU-Nigeria partnership on Wednesday, in Abuja. Arrion […]

Nigeria spends N165 billion annually to import fruit juice, the president of the Manufacturers’ Association of Nigeria (MAN), 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, Mr. Jacobs noted that in spite of the high rate of fruit […]

By Ugo Nwagwu The best time for Nigeria to industrialize was 35 years ago. The second best time; NOW! Pre Independence Malaysia was rich in natural resources such as porcelain, spices (which were then traded as currency) and large deposits of Tin. As part of the British Empire, the British took over administration of the […]

By Trust Matsilele Agriculture is the new oil in my view; we are in a situation where we have a receding oil price and Nigeria” cannot continue to depend on it for revenues, Ada Osakwe, Founder and CEO Agrolay Ventures told CNBC Africa. She added that the country has over 18 million hectares of arable […]

ABUJA, April 25 (Reuters) – 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 fueled by a collapse in crude oil prices. Annual inflation in the continent’s top oil exporter rose to a near four-year high of […]

April 19, 2016 At a the conclusion of the 2016 World Bank/IMF Spring meeting in Washington D.C., Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN) spoke at a press conference, saying that the Federal Government of Nigeria is in talks with China concerning the increase of exports to the Asian superpower. According […]

Agriculture’s contribution to Nigeria’s Gross Domestic Product (GDP) rose marginally from 23.86 per cent in the fourth quarter of 2014 to 24.18 percent, the Central Bank of Nigeria (CBN) has said. The CBN Governor, Mr. Godwin Emefiele, stated this during the Nigerian agricultural finance conference with the theme: “Catalyzing the diversification of Nigerian economy through […]