UN to Buhari: Convert Agriculture to Foreign Exchange Source

Chairman of United Nations Private Sector Advisory Group (PSAG) in Nigeria, Dr Bolaji Balogun, says the country under the watch of President Muhammadu Buhari, has an incredible opportunity to convert agriculture into a source of foreign currency. Speaking against the backdrop of the launch of PSAG’s maiden edition of an agribusiness Master class series, with […]

Agriculture: FAO, Arab Bank Seal Dal for African Women, Youths

Food and Agricultural Organisation (FAO) and the Arab Bank for Economic Development in Africa (BADEA) sealed a memorandum of understanding for future collaboration to promote agricultural infrastructure development and skills training for women and youth. The agreement will also advance climate-smart agriculture in Africa. FAO Director-General, Qu Dongyu and BADEA Director-General Sidi Ould Tah signed […]

Agriculture: Key to a Self-Sustaining Nigerian Economy

Nigeria is Africa’s largest economy. Since the late 1960s, it has been based primarily on the petroleum industry; relying heavily on oil as its main source of foreign exchange earnings and government revenues. The capital-intensive oil sector provides 95 percent of Nigeria’s foreign exchange earnings and about 65 percent of its budgetary revenues. The basis […]

Nigeria: Agricultural Imports Hit N532.4 Billion in 2020 Q4, NBS Says

National Bureau of Statistics (NBS) report says the value of agricultural imports in Nigeria rose by 5.75 percent to N532.4 billion in the last quarter of 2020 from N503.4 billion in the third quarter. According to the report, the country’s agricultural export value dropped by eight percent in the last quarter of 2020 from N60.6 […]

Buhari unveils 5-point job creation agenda

President Muhammadu Buhari Thursday in Abuja reiterated his commitment to creating more jobs, with particular focus on enabling the private sector, targeting more youthful population by streamlining priority on agriculture, arts, entertainment, mining and Information Technology. Speaking at a Presidential Parley with the Participants of Senior Executive Course 42 of the National Institute for Policy […]

In Guyana, Chilean Investors Are Boosting Agriculture Growth with Large-scale Farming

In the coming years, agriculture is pegged to be the fastest growing sector outside of Guyana’s nascent oil-and-gas industry, which is expected to catalyse widespread growth. Guyana Chronicle reports that interest in this area has already started to “pour in”, with Chilean investors being the latest to signal their intention to invest in large-scale farming there. […]

Buhari begs international communities to invest in Nigeria

President Muhammadu Buhari on Thursday urged the international community and investors to take advantage of Nigeria’s diversity in human and natural resources for investment. The President also explained that his administration remains committed to youth development, integration and employment. He spoke at a ceremony to receive the Letters of Credence of the Ambassadors of Belgium, […]

Nigeria would have been in trouble by now – Buhari

President Muhammadu Buhari says his administration saved Nigeria from trouble by persuading citizens to return to agriculture. Agriculture was Nigeria’s major source of revenue before crude oil was discovered in the 1970s. Speaking at a virtual meeting with members of the presidential economic advisory council (PEAC) at the Presidential Villa in Abuja, Buhari said unemployed […]

Study Exposes Nigeria On Youth Involvement In Agriculture

A study has unzipped the underbelly of the government of Nigeria in respect of the involvement of young people in agriculture. While the study strongly calls for ‘’policies and interventions’’ that will ensure the involvement of youths in the sector, it also revealed that young people in the country involved in agriculture during the production […]

IITA Seals Pact With Ogun To Boost Agriculture

As part of measures to foster partnerships in agricultural transformation with governments in Nigeria, the International Institute of Tropical Agriculture (IITA) has signed a memorandum of understanding (MoU) with the government of Ogun State. With agriculture being a vital source of income in Western Nigeria and the country as a whole, IITA is exploring partnerships […]