Nigeria has a significant opportunity to tap into the booming global demand for seafood, including shrimps, crabs, and prawns, which has seen steady growth in recent years. According to a 2024 report by the Food and Agriculture Organisation (FAO), global seafood consumption reached 162.5 million tonnes in 2021, with per capita consumption rising to 20.7 […]
The National Tomato Growers, Processors, and Marketers Association of Nigeria (NATPAN) has called on the Federal Government to intervene in reducing post-harvest losses in the tomato sector. Rabiu Zuntu, Chairman of NATPAN’s Kaduna State chapter, made this appeal on Tuesday in Lagos, emphasizing the critical need for government support to address challenges faced by smallholder […]
Presco Plc, Nigeria’s leading palm oil producer, is set to raise ₦100 billion in the first tranche of its ₦150 billion bond issuance programme. This marks the largest corporate bond issuance in Nigeria’s palm oil sector, with a seven-year tenure and a competitive yield range of 23.25% to 23.75%. The company, rated Aa by Agusto […]
Stakeholders in Nigeria’s cocoa production sector are calling on the Federal Government to enhance support for the industry by transforming the National Cocoa Management Committee (NCMC) into a full-fledged board. They also seek funding for the National Task Force on European Union Deforestation Regulation (EUDR) and subsidized agricultural inputs for farmers to boost cocoa productivity […]
The Onion Producers, Processors, and Marketers Association of Nigeria (OPMAN) has attributed the sharp rise in onion prices to flooding, climate change, and poor seed quality. According to the Association’s national president, Aliyu Isah, these challenges have significantly reduced production, causing scarcity and price hikes. From the fourth quarter of 2024, onion prices skyrocketed, with […]
The Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Chinyere Almona, has praised the federal government’s establishment of the National Credit Guarantee Company (NCGC), calling it a crucial move to improve credit access for women, youth, and small-scale enterprises. In her New Year address, Almona highlighted the potential of an effectively implemented credit […]
Civil Society Organisations (CSOs) and stakeholders in food safety have reaffirmed their commitment to adopting scientific methods for pesticide regulation to ensure Nigerians consume safe and healthy food. Speaking at a media briefing in Abuja, Prof. Simon Irtwange, an expert in Agricultural Processing and Storage at the Federal University of Agriculture, Makurdi, emphasized that their […]
The World Bank has disbursed ₦492 million to 41 women’s groups in Niger State to boost rice processing activities, marking a significant step toward women’s economic empowerment. Each group received ₦12 million under the Nigeria for Women Project (NFWP), with the program’s state coordinator, Sarki Bello, overseeing the allocations. Imaan Sulaiman-Ibrahim, Minister of Women Affairs, […]
In recognition of their outstanding performance, 20 Village Savings and Loan Associations (VSLA) in Niger State have received grains processing machines, a gesture facilitated by the National Association of Nigerian Traders (NANTS) under the Niger State/AGRA consortium project. The initiative, titled Improving Farmer Resilience and Upscaling Productivity, Income, and Livelihood in Rice, Maize, Soybeans, Cowpea, […]
The Nigerian government’s proposed 2025 budget allocates ₦826.5 billion to agriculture, marking a pivotal step toward revitalizing the sector, ensuring food security, and creating mass employment, experts say. This allocation reflects a significant increase from ₦362.94 billion in 2024 and ₦228.4 billion in 2023, with capital investments up by 130% year-on-year. Presenting the “Budget of […]
