A surge in agriculture has helped lift Africa’s biggest economies out of their slumps, but the recovery may be weak. Gross domestic product in Nigeria, the continent’s largest crude producer, advanced for the first time in six quarters in the three months ended June from a year earlier, growing 0.55 percent, the statistics agency said. […]
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The Chairman of Heirs Holdings and Founder of the Tony Elumelu Foundation, Tony O. Elumelu, CON, has called on African leaders and development institutions to help address the deepening job and employment crisis bedevilling the continent by lending support and paying more attention towards the agricultural sector, creating access to electricity and developing entrepreneurship. Elumelu […]
Read More China has reiterated its resolve to partner Nigeria in the implementation of the Economic Recovery Growth Plan (ERGP), especially in the area of agricultural development, saying that it has the capacity to grow the country’s agriculture Gross Domestic Product (GDP) from ₦16 trillion in 2015 to ₦21 trillion in 2020. The revelation made during a […]
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The Federal Government has said it will raise the contribution of agriculture to the nation’s Gross Domestic Product by N5tn before 2020. It stated that the country’s GDP from agriculture, which stood at N16tn in 2015, would be increased to N21tn in the next three years. It stated strategies being put in place to achieve […]
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The Nigeria Government and the Peoples Republic of China have commenced talks on a N900 billion ($4.5b) loan to facilitate the production of agricultural machineries for large scale farming in selected states across the country. The Minister of Agriculture and Rural Development, Chief Audu Ogbeh during a meeting with representative of China-Africa Machinery Corporation (CAMACO), […]
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The African Development Bank, AfDB, is to invest $24 billion in agriculture and agribusiness on the continent in the next 10 years. This came on a day the Minister of Agriculture, Chief Audu Ogbeh, assured that there would be no famine in the country next year. AfDB President and Nigeria’s immediate past Minister of Agriculture, […]
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The Chancellor, Landmark University, Bishop David Oyedepo, has said that agrarian revolution will avert the impending famine in the country next year as warned by the Federal Government. He urged universities and other tertiary institutions in the country to lead the agrarian revolution in order to address food insecurity, national economic recession, lack of industrialisation […]
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As part of its commitment to diversify the economy using agricultural and energy sectors as drivers to industrialisation, the federal government plans to enter into partnership with the Republic of Ireland to improve the skills of Nigerians in science, research and innovation. Minister of Science and Technology, Dr. Ogbonnaya Onu, made the disclosure, when the […]
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The Nigeria Sovereign Investment Authority (NSIA), manager of Nigeria’s sovereign wealth fund, has signed a $700 million (about N224.17 billion) real estate and agriculture deal with South Africa’s Old Mutual Investment Group (OMIG). Under the deal, signed in Abuja at the weekend, NSIA will partner with South Africa’s OMIG UFF Agri-Fund to establish a $500 […]
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The Nigerian Export Promotion Council says Nigerians have yet to explore the opportunities in the non-oil export business, especially in agriculture. It therefore called on chambers of commerce and industries across the South-West to educate their members on how to utilise the opportunities, this in a report by Punchng. The NEPC stated these at a seminar […]
Read More [M]ore funding is expected from the World Bank to boost Lagos State government’s efforts to expand its agriculture sector to provide food security and improved nutrition of the rural poor. The Lagos Commissioner for Agriculture, Hon Suarau Oluwatoyin who spoke yesterday in a press briefing to commemorate the 1st year of the administration of Governor […]
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The Ooni of Ife, Oba Adeyeye Ogunwusi, has acquired 30 square miles of land in Ile Ife for cocoa, oil palm and rubber plantation. The monarch stated that the agricultural investment would create jobs for no fewer than 40,000 youths, adding that this move would further reduce crime rate in Ile Ife and the state. […]
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