Category: Agric & Commodity News

World Bank to support Nigeria’s agricultural sector with $200 million

The World Bank is set to inject $200 million into Nigeria’s agricultural sector, PREMIUM TIMES has gathered. Adetunji Oredipe, World Bank’s Fadama Team Leader, who disclosed this on Wednesday, said the fund is meant to revitalise the nation’s livestock sub-sector. Fadama is a Hausa word that generally means irrigable land. Mr. Oredipe said that the…

Dangote Set To Become World Largest Rice Exporter- Adesina

African Development Bank (AfDB) President, Mr Akinwumi Adesina African Development Bank (AfDB) President, Mr Akinwumi Adesina, at the weekend predicted that Africa’s richest man, Aliko Dangote, will become the largest exporter of rice in the world within the next four years. Adesina indicated this at the Mo Ibrahim Forum in Morocco, noting that by 2021,…

SON BOOSTS EXPORT OF NIGERIA’S AGRIC PRODUCTS

The Standards Organisation of Nigeria (SON) is set to boost exports of Nigerian products through the avenue of standardisation. Already, the agency has begun setting the motion for this by commencing a staff certification programme, one of which held recently in ……….. Determined to raise the quality profile of Nigerian made products, especially agricultural products…

Tomato Policy To Create 60,000 Jobs – FG

The Ministry of Industry, Trade and Investment, Okechukwu Enelamah, has said the new policy on Tomatoes will create at least 60,000 additional jobs in fresh fruit production and processing. The Ministry of Industry, Trade and Investment, Okechukwu Enelamah   The minister stated this yesterday in Abuja ,adding that this is in line with the Federal…

CBN Boost agric, other sectors with fresh $250m forex 

The Central Bank of Nigeria on Wednesday, released additional $250m on seven to 30 day forwards for agriculture, airline, petroleum products and raw materials. The apex bank also called for bids for wholesale spot for $100m for Basic/Personal Travelling Allowance, medicals and tuition fees. Confirming this in Abuja, the Acting Director, Corporate Communications Department, CBN,…

NAFDAC destroys N29 billion counterfeit drugs in three years

NAFDAC office The National Agency for Food and Drug Administration and Control (NAFDAC) on Wednesday said it had destroyed counterfeit drugs worth N29 billion in the last three years. Abubakar Jimoh, Director, Special Duties, gave the figure in an interview with the News Agency of Nigeria in Abuja. Mr. Jimoh explained that in December 2016…