The National Economic Council (NEC) yesterday approved far-reaching initiatives projected to unlock up to $90 billion in value by 2035. At its 149th meeting, chaired by Vice President Kashim Shettima at the Presidential Villa, NEC endorsed the establishment of a Cotton, Textile and Garment Development Board. It unveiled a comprehensive agribusiness and livestock development plan. In a statement by Senior …

The Federal Government of Nigeria, through the Ministry of Agriculture and Food Security (FMAFS) and Fundação Getulio Vargas (FGV) of Brazil, have signed a Memorandum of Understanding (MOU) to advance private sector development in fertiliser production, hybrid seed technology, and agricultural finance. The MoU was signed on behalf of the government by the Permanent Secretary of FMAFS, Mr Temitope Fashedemi, …

Three hundred Abia State youths have just returned from Nassarawa State where they were mobilised by the state to train on modern agricbusiness skill acquisition. This is a fulfilment of Governor Alex Otti’s campaign promise. The idea is to expose participants to the untapped wealth creation and job security in integrated farming. Otti also aims to develop resource persons who …

About $30 million has been injected into the rural economies of six states of Abia, Bayelsa, Cross River, Edo, Delta and Ondo in order to boost agricultural productivity and value addition across seven commodities value chains. National Project Coordinator of Livelihood Improvement Family Entreprises, Niger Delta (LIFE-ND), Engr. Sanni Fatai Abiodun disclosed this during the launch of the LIFE-ND Agribusiness …

The United States Agency for International Development (USAID), has mobilised N188 billion in private debt and equity financing to support agribusiness across Nigerian seven states of Benue, Cross River, Delta, Ebonyi, Kaduna, Kebbi and Niger. The USAID/Nigeria Economics Growth & Environment Office Director, Michelle Corzine disclosed this at the Feed the Future Nigeria Agribusiness Investment Activity Closeout Ceremony in Abuja. …