The National Youth Service Corps (NYSC) has entered into partnership with Hudson Consulting Company, an American based Agro-allied corporation, with a view to establishing a mega rice mill at Isampou, Ekeremor Local Government Area of Bayelsa state. NYSC Spokesman, Eddy Megwa disclosed the development in a statement issued on Monday,...
Palm oil is an important vegetable oil that is used as a raw material for both food and non-food industries. Being a vegetable oil, palm oil is cholesterol-free. The oil is used in food manufacturing, in beauty products, and as biofuel. According to reports, palm oil accounted for about 33%...
African Development Bank Group President Dr Akinwumi Adesina says “Africa must prepare for the inevitability of a global food crisis.” He spoke about Africa’s priorities, as a guest at the Atlantic Council’s Africa Center on Friday. Fielding questions from the Council’s Africa Center Chair, Ambassador Rama Yade; Senior Fellow Aubrey Hruby;...
In carrying out its mandate of creating a stronger linkage between segments of Nigeria’s Agricultural Value Chain (AVC) and subsequent AVC-linkage to commercial bank finance, the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) has facilitated the flow of over ₦73 billion into Nigeria’s Agro Processing industry...
The Governor, Central Bank of Nigeria (CBN) has expressed satisfaction with the level of interests in agriculture and tremendous impacts which the sector has recorded in the country in the last six years. Emefiele while addressing journalists during an inspection tour of the palm plantation at Odighi village in Ovia...
29 year old Abubakar Bamai Musa, a thriving farmer from Yobe State has been appointed as National Coordinator of the Nigeria Young Farmers Network (NYFN). This was contained in a press statement signed by NYFN Publicity Secretrary, Usman Princess Soburat on Wednesday, January 26, 2022. TheFact Nigeria gathered that NYFN is...
The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele said that the collaboration between the bank and the small holder farmers has drastically reduced rice imports and increased job creation in the country. Emefiele spoke Tuesday in Abuja at the formal unveiling of the FCT Mega Rice Pyramids by...
President Muhammadu Buhari yesterday expressed satisfaction with the yield of rice, which is now over 7.5 million metric tons annually as against 4 million metric tons in 2015. Buhari who unveiled the FCT Mega Rice pyramids in Abuja, also reiterated that the Anchor Borrowers' Programme of the Central Bank of...
The Minister of Agriculture and Rural Development, Dr. Mohammad Mahmood Abubakar has said that if the illegal importation of rice into the country through its land borders was left unchecked, it would jeopardize all government efforts to enhance the domestic rice industry. Dr. Mahmood announced this during the meeting of...
The Minister of Agriculture and Rural Development, Dr. Mohammad Mahmood Abubakar said the Federal Government has lifted a total of 4,205,576 Million Nigerians out of poverty in the last two years. He made this declaration in Abuja on Friday October 15, 2021, during the Ministerial Press Briefing to mark the...