Agriculture

300 youths to become agripreneurs

The Lagos State Government has said no fewer than 300 youth agripreneurs from its Lagos Agripreneurship Programme and the Agricultural Youth Empowerment Scheme will be empowered on Thursday. The government said the youths would be empowered at the 2021 Agricultural Value Chains Empowerment Programme on Thursday. The Commissioner for Agriculture, Ms Abisola Olusanya, made this known in a statement on Sunday, noting that this year’s empowerment programme was to create an enabling environment for youths in the field of agriculture. She said, “We have a total of 300 participants out of which 240 is for aquaculture and 60 for poultry. Out of the...

Continue reading

Agro firm partners Sterling Bank to finance 200,000 farmers

sterling

An agro-based outfit, Makarois Global Resources, has said it has concluded arrangements, in partnership, with Sterling Bank to finance 200,000 farmers drawn from eight states, including Kano for the 2021 farming season. Addressing about 2,000 farmers’ cooperatives from eight senatorial zones at an interactive session held in Kano on Monday, the Managing Director of Makarois Global Resources Limited, Binchang Binfa, sensitised farmers on available financial sources for the 2021 farming season. According to him, the interactive session, among others, will link one million farmers from Kano, and seven other states, with access to market and finance, within the next three years. He added...

Continue reading

CBN-financed farmers cultivated 3.64 million hectares – Emefiele

CBN-financed farmers cultivated 3.64 million hectares – Emefiele

The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said the Anchor Borrowers’ Programme of the bank shows the need for all stakeholders to sustain current efforts by the bank to galvanise agricultural production to meet the requirements of Nigeria’s growing population. He said this in Zauro, Kebbi State on Tuesday during the inauguration of the 2020 wet season harvest aggregation and 2020 dry season input distribution under the CBN-Rice Farmers’ Association of Nigeria Anchor Borrowers’ Programme, as part of the fifth anniversary of the ABP. He noted that 2.92 million farmers cultivating 3.64 million hectares across 21 commodities...

Continue reading

FG to engage 30,000 graduates as extension workers

FG to engage 30,000 graduates as extension workers

The Federal Government is to engage 30,000 graduates to serve as agriculture extension workers who will provide strategic support to farmers across the country. It also announced on Monday that it had empowered 20 young Nigerian farmers with an initial take off grant of N30m, adding that the fund was provided through the Bank of Agriculture. Executive Secretary, National Agricultural Land Development Authority, Paul Ikonne, told journalists in Abuja that the graduates would be trained in agriculture extension services including the collection of soil samples and how to conduct soil tests. He said the approval to engage the graduates was given by the...

Continue reading

Farmers exported N60.5bn goods in three months– NBS

Farmers exported N60.5bn goods

Nigerian farmers exported goods worth N60.5bn in the third quarter of 2020. During the quarter, total trade in agricultural goods stood at N563.9bn, according to figures obtained from the National Bureau of Statistics on foreign trade. Analysis by economic region showed that agricultural goods were exported to Asia (N32.2bn), Europe (N16.7bn), Africa (N9.1bn) and America (N2.4bn). The key drivers of agricultural products exports were sesamum seeds, cashew nuts, good fermented cocoa beans and superior quality raw cocoa beans. Sesamum seeds were exported mainly to Japan (N5.3bn) and China (N4.7bn), while cashew nuts worth N8.3bn and N2.2bn were exported to Vietnam and India respectively. In terms...

Continue reading

Nigeria’s wheat production may rise to 450,000MT

Wheat producton in Nigeria

Nigeria wheat farmers have increased the forecast for the country’s wheat harvest for 2020/2021 by seven per cent on the back of availability of improved seeds. Wheat is now projected to yield 450,000 metric tonnes, up from 420,000 metric tonnes produced by farmers in the last season, the President, Wheat Growers Association of Nigeria, Salim Muhammad, confirmed this to The PUNCH on Tuesday. Under the Anchor Borrowers Programme of the Central Bank of Nigeria, Muhammad said, about 100,000 farmers would be given the necessary incentives to improve wheat production. After harvesting the wheat, he said the grains would be purchased by flour millers...

Continue reading

Nigeria to end fertilizer importation by 2023

• 5 years sentence awaits fertilizer adulterators Citing the over 33 fertiliser blending plants across the country, currently producing about five million metric tonnes (MT) of fertilizer annually, with many more underway, the Minister of Agriculture, Sabo Nanono, has expressed optimism that Nigeria would have no business importing fertiliser by 2023. According to him, the Food and Agriculture Organisation (FAO), estimates that the country requires about 7million MT of fertilizer annually, and with the current production of 5million MT, the government had to grant waivers to some fertiliser plants to import the product. He said with the enabling environment provided for private sector...

Continue reading

Rise in food prices pushes inflation to 11.40%

food

The seasonal rise in prices of food items has further pressured the nation’s inflation rate in May 2019 to 11.4 percent, about 0.03 basis points above the previous month’s record. This would be the second consecutive uptick in the inflation rate this year, haven risen 0.12 basis points in April against March 2019. Food prices Foodstuff prices in the market has gone too high for the average Nigerian to buy The National Bureau of Statistics (NBS), yesterday, in its Consumer Price Index (CPI) report for May 2019, said the rise was across all classifications of the inflation index. The Bureau stated:...

Continue reading

Cocoa Farmers Beg Govt To Construct Roads In Rural Areas.

Cocoa

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 were facing, saying there was a need for governments’ intervention in that regard. The new National President of the association, Mr Adeola Adegoke, made the call after the inauguration of the new executive of the association in Akure, Ondo State on Friday, where he emerged as...

Continue reading

NIRSAL secures fresh N4.5bn from three banks for farmers

NIRSAL

The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has secured a total of N4.5bn from four Deposit Money Banks for the cultivation of maize and soybeans in three states. The banks are Stanbic IBTC with the sum of N2bn; Sterling Bank Plc, N1.5bn; and Union Bank Plc, N1bn. The funding is a fallout of two-day stakeholders’ meeting, which was attended by key actors in the maize and soybean value chains, banks and financial institutions, value chain support actors and other stakeholders. The states where farmers will benefit from the funding are Niger, Ekiti and Benue. The Managing Director, NIRSAL, Aliyu Abdulhameed,  who...

Continue reading