51% Rise in Food Import Sparks Price Hike Fears
Agriculture stakeholders have predicted a new cycle of food price hikes by midyear of 2025 following increased food imports in 2024.
The value of food imports in the previous year grew by 51.06 per cent to N3.78tn...
In 12 Months, Food Imports Exceed Exports By N2.23trn
The total international trade in agricultural goods in the country stood at N3.24tn in 2021, with the import value exceeding export value by N2.23tn, findings have revealed.
Despite interventions by the Federal Government to diversify the economy...
Nigerians spend about N25 billion daily on foods import, the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has said
NIRSAL a subsidiary of the Central Bank of Nigeria (CBN), said about $623 million is equally spent yearly on catfish, most of which is...
