Livestock imports ban as elixir to conserving forex

The porosity of Nigeria’s border and the unabating corruption at all the entry points, both for human and materials, which has made the country a ‘dumping ground’ for toxic materials, is now receiving attention. CALEB ONWE writes Nigeria has inadvertently and unfortunately taken upon itself the toga of ‘free import zone’ for all manner of things, that cut across board. To put it more precisely, the porosity of Nigeria’s border and the un-abating corruption at all the entry points, both for humans and materials, have made the country a dumping…

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Union to governors: Enact law to curb herdsmen’s menace

The Agriculture and Allied Employees Union of Nigeria (AAEUN) has called governors of South West geo-political zone to emulate the Ekiti State Governor, Ayodele Fayose to enact law that can curb the menace of the rampaging herdsmen whose cows destroy farms in the region. The National Vice-President of AAEUN, South West Zone, Adeusi Moses, made this call at the delegate conference of the union, where new officers were elected to run the affairs of the union in the zone. Adeusi said the menace of herdsmen, was one of the issues…

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CBN’s Anchor Borrowers: Catalyst for self-sufficiency

The Central Bank of Nigeria (CBN)’s development agenda, christened Anchor Borrowers’ Programme, for farmers who had already started repayment, if sustained, would not only make the nation self-sufficient in food production, but also create jobs and conserve foreign exchange earnings, which is needed so badly now   Scathing figures from the World Bank had revealed that Nigeria is one of the toughest places in the world one can run business successfully based on her 168th position on the Ease of Doing Business globally. Indeed, findings have also shown that because…

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Firms eye Nigeria, Ghana markets

GBfoods, one of the leading multinational food company headquartered in Barcelona and Helios Investment Partners, a premier Africa- focused private investment firm, have partnered to create one of Africa’s largest FMCG businesses. GBfoods Africa Holdco B. V., the joint venture owned by GBfoods and Helios, according to a statement, has acquired assets from different African companies including leading brands such as Jumbo (bouillon), Gino and Pomo (tomato paste), and Jago (milk powder and mayonnaise), as well as Bama (mayonnaise) distribution rights for Africa, in Ghana and Nigeria, and incorporates more…

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Nigeria and 2023 sugar self-sufficiency target

Recently, Governor of the Central Bank of Nigeria (CBN), Mr.Godwin Emefiele, said that Nigeria spends over $100 million annually on sugar imports. These huge imports may truncate Federal Government’s target of local production by 2023. TAIWO HASSAN reports Potential As the nation grapples with rising unemployment rate, there is no doubt that the sugar industry has the potential to create over 114,000 jobs for its citizens to help tackle the menace. Particularly, the recent calls by the Federal Government to effectively implement the National Sugar Master plan (NSMP) was a…

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Nigeria to export pigeon pea worth $100bn to India -NAQS

The National Agricultural Quarantine Service (NAQS) says Nigeria has secured an offer from the Indian government to export pigeon pea, worth 100 billion U.S. dollars, to the country. Mr Vincent Isegbe, Coordinating Director, NAQS, said this in an interview with News Agency of Nigeria (NAN) in Abuja on Thursday. Isegbe said that the country would generate appreciable revenue from pigeon pea exports to India when the scheme was successfully executed. He said NAQS and other Federal Government agencies made a submission to the Indian government on 25 categories of crop…

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Applying whistleblowing in fertliser pricing

Farmers across the country have been urged to embrace Federal Government’s whistle blowing policy in agriculture by exposing any agro dealer trying to sell government’s fertiliser above the approved price of N5,500. Taiwo Hassan reports When the Federal Government announced the whistle blowing policy as part of its arrangement to track the country’s stolen wealth, many Nigerians doubted its success. However, months after the policy was put in place, stunning revelations have emerged over discoveries of large amount of monies both in local and foreign currencies in some parts of…

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