January 17, 2018

Effective positioning of agric sector as alternative to oil

Effective positioning of agric sector as alternative to oil... NAIJA INVEST

There is currently a revolution in the agricultural sector of the economy. The bankers committee, multi-lateral agencies and the agric ministry are demonstrating a renewed commitment to transforming the sector. It is beginning to dawn on stakeholders, particularly the federal government, that there must be a gradual shift from over-reliance on oil to the agric sector as the current dynamics surrounding oil in the international arena call for a rethink. For many years, crude oil has stood as major export earner for the country even though it hasn’t been effective in creating employment opportunities for the huge population of over…

U.S. bank approves $1.5 billion for export financing to Nigeria

THE Export-Import Bank of the United States (Ex-Im Bank) has approved a $1.5 billion in financing to support U.S. exports to Nigeria and some other sub-Saharan African countries in the first three quarters of  2012, surpassing the previous record of $1.4 billion for the entire year in  2011. According to a media note made available to journalists in New York by the media department of the bank on Sunday, the increase was driven by export growth in several sectors, including machinery, vehicles and parts, commodities and aircraft. The media note further stated that two of the top markets for U.S….