July 27, 2017

How govt can stop rice import, by Utomi

How govt can stop rice import, by Utomi... NAIJA INVEST

How can the Federal Government stop rice import? It is by providing adequate incentives for stakeholders in the rice value chain ,says the Co-founder, Pan-Atlantic University, Lekki, Lagos, Prof. Pat Utomi. He advised the government to guarantee rice farmers so that none of their harvests would be wasted. In an interview in Abuja, Utomi , said until stakeholders began to see agriculture as a business rather than development programme, the sector may not witness expected transformation. He said: “Once there is appropriate incentive to produce rice, if you can guarantee those who produce for example that nothing they produce will be wasted,…

Sokoto, Brazilian firm sign N15bn agreement on Agriculture

Sokoto, Brazilian firm sign N15bn agreement on Agriculture

Sokoto – Sokoto state government has signed a N15 billion partnership agreement with a Brazilian Company on agriculture, State Commissioner for Agriculture, Dr. Jabbi Kilgori has said. Governor Magatakarda Wamakko, represented at the MoU signing by the Commissioner, reiterated government’s commitment and determination to transform agriculture in the state. According to the agreement, Sokoto state government would provide land, infrastructure and support the company in capital sourcing. “Two thousand hectares of irrigated nucleus farmland would be established in each of the three senatorial zones, including clustering of small scale farmers and a Biotechnology fertilizer industry,” Wamakko said. “The project,” according…

U.S injects $2bn into SME development in Nigeria

U.S injects $2bn into SME development in Nigeria

Mr Sam Ohuabunwa, the National President, Nigerian-American Chamber of Commerce, has said that the U.S. government had invested two billion dollars in Nigerian agricultural sector. Ohuabunwa disclosed this in an interview on Wednesday. He said that the U.S. government was also interested in developing Small and Medium Enterprises (SMEs) in Nigeria. The Chamber President said that the U.S. was interested in the development of the agricultural sector and SMEs because of their importance to economic recovery and manufacturing. “The investments are made available to support these two areas because all over the world small and medium enterprises hold the economy….

Nigerian FG, IFAD sign pact as Agric transformation gets N16.8bn boost

Nigerian FG, IFAD sign pact as Agric transformation gets N16.8bn boost

In what has been seen as another major boost to the agriculture transformation programme, the Federal Government on Thursday signed a $105.2 million partnership agreement with the International Fund for Agricultural Development (IFAD) to drive a value chain development programme for rice and cassava in the country. The agreement signed by the IFAD President, Kanayo Nwanze, Coordinating Minister for the Economy and the Minister of Finance, Ngozi Okonjo- Iweala and Minister of Agriculture, Adewumi Adesina, marked the official flagging off of the programme which comprises an IFAD loan of $74 million and $0.5 million grant.The project is to be implemented…