The Federal Government has approved the sum of N60 billion to support rice production in the country and crash its market price ahead of the festive period. Minister of Agriculture, Audu Ogbeh, disclosed this to State House correspondents on Tuesday at the end of the National Food Security Council in Abuja. “The government has approved […]
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The Central Bank of Nigeria (CBN) has promised to support banks to enable them give loans to players in the agricultural and manufacturing sector at a single digit interest rate. Addressing journalists on Thursday after the CBN Bankers’ Committee meeting, Ahmed Abdullahi, CBN director, banking supervision, said the loans will only be available for job […]
Continue ReadingThe African Development Bank (AfDB) says it has approved 100 million dollars senior loan to Nigerian firm, Indorama Eleme Fertilizer and Chemicals Limited, to support production of Fertilizer in Nigeria. The Bank disclosed this in a statement, on Thursday adding that it would help the company’s plans to double its fertilizer production from 1.4 million tons […]
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NIGERIA – Minister of agriculture and rural development, Audu Ogbeh, on Monday said agriculture sector has created six million jobs in the in the last two years. The minister was reacting to reports that over four million jobs had been lost in over two years of President Muhammadu Buhari in power. He explained that the six […]
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The federal government of Nigeria has said it is in the process of investigating how yam said to be of low quality was exported from Nigeria to the United States of America, USA. Briefing State House correspondents at the end of the weekly Federal Executive Council (FEC) meeting, the Minister of Agriculture, Audu Ogbeh, 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 who said this while speaking on […]
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The Senate on Wednesday approved the harmonised version of the Agricultural Credit and Guarantee Scheme (Amendment) Bill, 2017. This followed the consideration of report of the Conference Committee on the bill, which was passed by the Senate and the House of Representatives. Presenting the report, Chairman of the Joint Committee of both chambers, Sen. Abdullahi […]
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The Federal Government has launched a 10-year Agricultural Sector Food Security and Nutrition Strategy to combat malnutrition and food insecurity in Nigeria. At the Launch of the document in Abuja on Tuesday, Chief Audu Ogbeh, the Minister of Agriculture and Rural Development, expressed regrets over the alarmingly poor level of food safety in the country. […]
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The International Monetary Fund, IMF, Tuesday, projected that Nigeria’s economic growth would rise by 0.8 per cent in 2017. The agency, in its World Economic Outlook report unveiled in Washington, said continued growth in agriculture, rise in oil output and big government spending will drive the nation’s growth. The outlook also explained how Nigeria will […]
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The presidential spokesperson, Garba Shehu, says efforts to get the nation out of its present economic challenges are beginning to yield positive results, especially in agriculture. The presidential aide said this in Abuja on Sunday. According to him, an increase in the volume of rice production and processing across the country is already saving the […]
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