Agric Business

MEDIATRACNET The Nigerian Agip Oil Company and the Nigerian National Petroleum Company Limited joint venture has distributed food and essential items to about 260 communities devastated by recent floods in four states of the Niger Delta region. The joint venture said in a statement in Abuja on Monday that the…

By Bassey Udo To promote the quest to attain food sufficiency in the country, the Federal Government, through the Central Bank of Nigeria ACGSF scheme and other development finance interventions has impacted the agricultural sector by providing guarantees to loans to farmers to boost their production capacity. Part of the…

MEDIATRACNET The National Bureau of Statistics (NBS) in collaboration with the World Bank and Food and Agricultural Organisation (FAO) are to conduct the National Agriculture Sample Census. Speaking at the Stakeholders’ Sensitisation Workshop on National Agricultural Sample Census in Keffi, Nasarawa State, the Director, Demography and Household Statistics Department of…

MEDIATRACNET Despite the negative consequences of the ongoing Russia-Ukraine war in terms of food security, the Africa Development Bank (AfDB) has done well in taking preemptive steps, by planning ahead, to avoid food crisis, President Muhammadu Buhari has said. The President was quoted by his spokesperson, Femi Adesina, as commending…

MEDIATRACNET The Federal Government has lifted millions of Nigerians out of poverty, create jobs, reduce reliance on imported food and ensured food security through the Anchor Borrowers’ Programme (ABP), President Muhammadu Buhari has said. The President spoke at the official unveiling of the Rice Farmers Association of Nigeria (RIFAN) rice…

MEDIATRACNET The International Institute for Tropical Agriculture (IIITA) has already harvested the first fruit from its rapid multiplication of yam seedlings initiative under the Yam Improvement for Income and Food Security in West Africa (YIIFSWA). The leader of the Project, Norbert Maroya, disclosed on Friday at the Yam Field Day…

MEDIATRACNET President Muhammadu Buhari has inaugurated the first National Agriculture Land Development Authority (NALDA) Integrated Farm Estate in Suduje Daura, Katsina State, with a pledge that Nigeria, under his watch, will achieve food security. Performing the inauguration on Monday, July 19, 2021, President Buhari reiterated his administration’s commitment to the…

MEDIATRACNET   Dangote Group subsidiaries – Dangote Cement Plc and Dangote Fertiliser Limited have acquired a total of 2,500 trucks to help address  their products distribution challenges. Group Executive Director – Logistics & Distribution, Dangote Industries Limited, Abdu Dantata, said on Sunday in a statement that Dangote  Cement acquired 2,000…

MEDIATRACNET NIRSAL Microfinance Bank (NMFB) has clarified the controversy surrounding alleged diversion of N5million loan approved for a customer under the Agri-Business Small & Medium Enterprises Investment Scheme (AGSMEIS). The Bank clarified on Thursday that rather than a case of diversion of the loan, the controversy was as a result…

States can stop relying on monthly allocations from the Federation Account if they invest more in agriculture, particularly crops in which they have comparative advantage, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said on Thursday. Emefiele who spoke in Port-Harcourt, Rivers State at the unveiling of…