HomeTagsAgricultural Sector

Tag: Agricultural Sector

NBS Reports 29% Surge in Farm Produce Costs

NBS Reports 29% Surge in Farm Produce Costs     The National Bureau of Statistics (NBS) has reported a 28.98 per cent rise in the average cost of farm produce between January and May 2025, signalling a deepening crisis in Nigeria’s agricultural sector. According to the NBS, the...

“Naira Redesign, Flooding Affected Agric Sector In 2022”

"Naira Redesign, Flooding Affected Agric Sector In 2022"   The Nigeria Governors’ Forum has described the 2022 farming season as a serious nightmare for most farmers in the country due to the challenges in the agricultural sector. It added that the naira redesign policy of the Central...

FG Orders 10,000 Tractors From Brazil To Boost Agric

FG Orders 10,000 Tractors From Brazil To Boost Agric     The Federal Government is planning to buy 10,000 tractors from Brazil to boost agriculture in the country. The government also said it would establish “model grazing reserves” in selected states of the country next year. The latest development...

In Six Months FG Spent N1.3trn On Agriculture Imports – NBS

In Six Months FG Spent N1.3trn On Agriculture Imports – NBS           In the first six months of the year, the total value of trade in agricultural goods stood at N1.5tn, data from the National Bureau of Statistics have shown. Imports accounted for N1.3tn of total trade...

NAVSA: Changing the Reality In the Agricultural Sector

NAVSA: Changing the Reality In the Agricultural Sector By Lukman Oladokun       …the National Adopted Village for Smart Agriculture (NAVSA)…is an ecosystem-driven digital platform envisioned for the transformation of the agricultural sector in Nigeria. It is envisaged that the programme would assist the farmers and other stakeholders...

NIRSAL Facilitates N105bn Financing To Boost Agric Sector

NIRSAL Facilitates N105bn Financing To Boost Agric Sector     The Managing Director/Chief Executive, Nigeria Incentive-Based Risk Sharing System Plc (NIRSAL) Mr. Aliyu Abdulhameed, has said the agency facilitated over N105 billion in public and private financing options across the pre-Upstream, upstream, midstream and downstream segments of...