$1.24bn spent on food imports despite Buhari’s forex ban
Food products imports gobbled up $1.24bn of the foreign exchange supplied by the Central Bank of Nigeria from October 2020 to March 2021 despite the
Category : SMEs
World Bank to construct 13.16km Lagos farm roads
Lagos State Government says its World Bank-assisted Agro-Processing, Productivity Enhancement, Livelihood Improvement Support (APPEALS) Project will construct 13.16km Farm Access Roads (FARs) in four cluster
‘Food inflation worst under Buhari’s regime’
A data consulting firm, StatiSense, has said that the rate of food inflation in Nigeria is at its worst under the regime of the President,
Investors commit $159m to revolutionise Nigeria’s cassava, oil palm value chains
Fayus Group, in collaboration with Shine Bridge Global (SBG) and Africa Global Schaffer (AfGS), are investing $159 million in Nigeria’s oil palm and cassava value
Lagos supports MSMEs with N940m to mitigate #EndSARS losses
Lagos State Government has said that N939.98 million was disbursed to 1,835 Micro, Small and Medium Enterprises to mitigate the losses suffered as a result
Nigeria loses $70m to illegal fishing
The House of Representatives has expressed worry that Nigeria loses $70 million yearly to Chinese and other European trawlers due to illegal fishing in the
Forex restriction: Nigeria spends $6.1bn yearly on wheat importation – WFAN
The Wheat Farmers Association of Nigeria (WFAN) says about $6.1 billion is spent yearly to import wheat into Nigeria. The President of the association, Alhaji
France votes 3.5 billion Euros for African SMEs, to finance Nigerian states’ health sectors
The French Government is opening the “Choose Africa” conference on President Emmanuel Macron’s 3.5 billion Euros initiative to support start-ups and Small and Medium Enterprises
FG registers 5.7m farmers nationwide – Minister
The Federal Government says it has registered no fewer than 5.7 million farmers nationwide in an effort to bring them closer to the government. Alhaji
Nigeria generated $150m from coconut oil in 2020- Minister
Minister of Agriculture and Rural Development Sabo Nanono says Nigeria generated 150 million dollars from the export of coconut oil and its derivatives in 2020.
