'Agric Sector Surplus Hits N668bn, Yet Hunger Persists'   Agricultural stakeholders reckon that the threat of hunger persists in Nigeria despite recording a N668.34bn agricultural surplus and have called for improved food processing and support for local farmers. The value of agricultural exports surpassed imports by N668.34bn...

Foreign Investment In Agric Sector Drop By 37.9%   In apparent reflection of the numerous challenges bedeviling the agriculture sector in Nigeria, especially the problem of insecurity, foreign capital inflow into the sector fell by 37.9 percent Year-on-Year (YoY) in the half year ended June 30,...

Foreign Investment In Agric Sector Drops By 99%   Foreign Investment in Nigeria’s agriculture sector tumbled by 99.23 per cent from $237.83m in the fourth quarter of 2021 to $1.76m in the first quarter of 2022. This means that there was a 99.23 per cent decline within...

Agric Sector Records N1.7rn Trade Deficit In Nine Months   The agricultural sector recorded a trade deficit of N1.7tn between January and September this year, as exports stood at N371.8bn while imports rose to N2.1tn. The latest National Bureau of Statistics’ foreign trade report showed that the...

Agric Sector Records $12bn Post-harvest Losses Yearly – Fed Govt         The post-harvest losses recorded in Nigeria’s agriculture sector annually is currently about $12bn, the Federal Government said on Thursday. It disclosed this in Abuja through its Nigeria Incentive-Based Risk Sharing System for Agricultural Lending, during the...

CBN Plans Increased Local Production In Agric Sector     The Central Bank of Nigeria has said it is stimulating local production in the agriculture business to enhance growth and boost employment in the country. Some of the apex bank’s agribusiness initiatives are the Agricultural Credit Guarantee Scheme...