FG Targets 1.7mbpd Crude As November Output Declines   The Federal Government, on Tuesday, declared that Nigeria would meet and surpass the 2024 crude oil budget benchmark of 1.7 million barrels per barrel despite the marginal decline in oil output in November 2023. Latest figures released by...

We Lost $9bn Annually In Agriculture Sector, Says FG   The Federal Government has said that due to poor investment during previous administrations, Nigeria has lost an annual revenue of $9bn (N3.2tn) that should have accrued from the agriculture sector. The Minister of State for Agriculture, Senator...

Lokpobiri Commends IFAD's $500m Investment In Agriculture The Minister of State for Agriculture and Rural Development, Senator Heineken Lokpobiri, has commended the International Fund for Agricultural Development (IFAD) for supporting the nation’s agricultural value chain development programme with the sum $500 million. Speaking when he received...

Farmers Lose $9bn Annually To Post Harvest Wastage Minister of State for Agriculture and Rural Development, Senator Heineken Lokpobiri has expressed regret that the country currently loses over $9 billion annually to post-harvest wastages as farmers lack to adequate processing and storage facilities. He added that...

The Central Bank of Nigeria is to provide about N750bn for the recapitalisation of the Bank of Agriculture before the end of next year, the Federal Government has said. According to the government, the restructuring and recapitalisation of the BoA will enable the bank to...

The Federal Government has declared that the price of rice would start to fall from November this year. It stated that more Nigerians had returned to their various farms, adding that at the next harvesting season next month, the price of rice would start to...