Yam Export: Mixed reactions from analysts, stakeholders

Nigeria’s decision to export yam to Europe has been received with mixed reactions from analysts and stakeholders in the export sector. The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, had announced that 72 metric tonnes of yam were ready for export to the United Kingdom and the United States of America. The minister, […]

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Agricultural finance fund closes at $65.9m

In Abuja yesterday, Federal Government disclosed that the Fund for Agricultural Finance in Nigeria, which was initiated by the Federal Ministry of Agriculture and Rural Development, was successfully closed at $65.9m. It said the fund would provide financial, capacity building and technical assistance to selected Small and Medium Enterprises in the agribusiness sector, adding that […]

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FG threatens to shut borders if rice smuggling persists

The Federal Government has threatened to shut some land borders if the smuggling of rice continues from neighbouring countries. Chief Audu Ogbeh, the Minister of Agriculture and Rural Development, gave the warning while speaking to newsmen on some of the Federal Government’s achievements in the agriculture sector in the last two years in Abuja. Ogbeh […]

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FG ordered BOA to begin recover debts

The Federal Government has inaugurated an Interim Management Board for the Bank of Agriculture (BOA), as part of efforts to restructure the bank. The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, who inaugurated the board in Abuja on Monday, directed the board to begin the recovery of loans owed by farmers and other […]

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Nigeria to produce 7 million tonnes of Rice by 2018

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, says the Federal Government is targeting the production of seven million tonnes of rice by 2018. Ogbeh told newsmen on Wednesday that the target, which would be achieved by the second quarter of 2018, was to meet the national consumption rate. He said, “I think […]

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Price of Rice may not likely fall

Nigerians has continue to experience the reverse of what the federal government promised on the most consumed food stuff in the country, the month of November has come and gone, yet the price of rice has not come down and may not likely fall this year as the price of dollar remains high and local […]

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