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The Federal Government on Monday entered into an agreement with a Russian firm, Uralchem, on fertiliser production in Nigeria. The signing was done under the Presidential Fertiliser Initiative.
It will see Russia supplying Nigeria potash, a key ingredient for the production of fertiliser, to cut down the wholesale importation of fertiliser into the country. The signing ceremony took place at the Presidential Villa, Abuja, where the Managing Director of the Nigerian Sovereign Investment Authority, Mr Uche Orji, signed on behalf of the Nigerian government… More details through: https://punchng.com/nigeria-russia-sign-fertiliser-production-agreement/
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The Niger State Government and FrieslandCampina WAMCO Nigeria Plc have signed a Memorandum of Understanding on milk production.
The agreement is for 10,000 hectares of land at the Bobi Grazing Reserve in the state under FrieslandCampina WAMCO’s Dairy Development Programme. President Muhammadu Buhari and the Prime Minister of The Netherlands, Mark Rutte, witnessed the signing of the MoU between the Governor of Niger State, Abubakar Bello, and the President, FrieslandCampina Consumer Dairy, Mr Roel van Neerbos, at the Presidential Villa, Abuja, on Tuesday, the firm said in a statement… More details through: https://punchng.com/milk-production-niger-frieslandcampina-sign-mou/ Nigeria will be saving about $1.2 billion annually from milk importation from a Memorandum of Understanding (MoU) it signed Tuesday with the Netherlands on dairy chain development.
The agreement was signed between Royal FrieslandCampina WAMCO and the Government of Niger State. Governor Abubakar Sani Bello of Niger State signed on behalf of the Nigerian government, while Ben Langat, Managing Director, FrieslandCampina WAMCO Plc, signed on behalf of the Netherlands… More detailed through: https://businessday.ng/news/article/nigeria-to-save-1-2bn-yearly-on-dairy-mou-with-netherlands/ In spite of being the world’s largest cassava grower, Nigeria still spends about $600m (about N183bn) annually to import cassava derivatives; foreign exchange that would otherwise have been used to build public infrastructure.
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, stated this in Abuja on Thursday during the memorandum of understanding (MoU) signing ceremony with key stakeholders in the cassava value chain… More details through: https://www.dailytrust.com.ng/nigeria-spends-n183bn-annually-to-import-cassava-derivatives-cbn.html The Central Bank of Nigeria (CBN) has approved about N19.2 billion to fund the establishment of nine ginneries across the country, the Central Bank of Nigeria Governor, Godwin Emefiele, disclosed on Tuesday.
The CBN governor said this at the signing of an Memorandum of Understanding (MoU) with some critical interest groups in the Cotton, Textile and Garment (CTG) sub sector in Abuja. The MoU was signed between CBN and Nigeria Cotton Association of Nigeria, Ginners Association of Nigeria as well as Nigerian Textile and Garment Manufacturers Association. Other groups who signed the MoU with the CBN included the Armed forces, Nigerian Police force, paramilitary institutions, the National Youth Service Corps (NYSC) and some uniform organisations. https://www.premiumtimesng.com/business/360181-cbn-approves-n19bn-to-fund-nine-cotton-processing-plants.html Dangote Farms has flagged off the distribution of hybrid tomato seedlings to tomato farmers under the Central Bank Anchor Borrower Programme. Speaking at the event on Monday at Kadawa, the Managing Director of the company, Abdulkarim Kaita said that they would distribute 6,500 hectares worth of tomato seedlings to farmers before the end of the year.
Today is the first day we are releasing the seedlings to them and the distribution is continuous and on a daily basis. And today we are starting with 28 hectares. “10,000 farmers are going to benefit from this programme and by next year, CBN has promised to help another set of 100,000 farmers across the country. Kaita said that the essence of distributing the hybrid seedlings was to boost output in order to meet the demand of tomatoes processing plants in the state. https://www.vanguardngr.com/2019/10/dangote-farms-flags-off-distribution-of-hybrid-tomato-seedlings-to-farmers-in-kano%E2%80%8E/ Cattle business contributes about 6.7 percent to Nigeria’s Gross Domestic Product (GDP).
Speaking during a roundtable on private-sector driven National Livestock Development Policy held in Abuja yesterday, the president of Abuja Chamber of Commerce and Industry (ACCI), Prince Adetokumbo Kayode, said that is achieved through the provision of meat, milk, wool, hides and skins in activities that have great value chains attached to each of them. He said livestock supports the livelihood of about 1.3 billion people in developing countries and contributes up to 30 percent of the agriculture GDP of countries in sub-Saharan Africa… More details through: https://www.dailytrust.com.ng/cattle-biz-contributes-6-7-of-nigerias-gdp-acci.html The total foreign trade of agricultural goods recorded in the country amounted to $898.3mn (N323.4bn) between April and June 2019.
N73.5bn or 22.7 percent of this figure was exported while N249.95bn was the import value, according to figures obtained from the National Bureau of Statistics. It stated that “During the quarter, total trade in agricultural goods stood at N323.4bn out of which exported agricultural goods accounted for N73.5bn or 22.7 percent. “The value of agricultural exports was 14.66 percent lower than in Q1, 2019 and 14.48 percent lower than in Q2 2018. By economic region, agricultural goods were exported mainly to Asia and Europe, valued at N49.2bn and N18bn respectively… More details through: https://punchng.com/nigeria-records-n323-4bn-agric-trade-in-three-months/ The Ministry of Science and Technology said the European Union (EU) and German Society for International Cooperation (GIZ) through the Nigeria Competitiveness Project (NICOP) are willing to partner in the implementation of Nigeria’s leather products policy.
The draft strategic Implementation plan for leather and leather products policy which is waiting for implementation, the ministry said will diversify the economy. Minister of Science and Technology, Dr. Ogbonnaya Onu said it has been projected that the leather industry stands between 40 to 50 million skins annually, generating between $600 million to $800 million annually… More details through: https://thenationonlineng.net/eu-germany-to-partner-on-nigerias-leather-industry/ Nigeria has made history by becoming the first country in the world to approve biotech cowpea, thereby adding a new biotech crop to the global biotech basket.
This is according to the Global Status of Commercialised Biotech/GM (Genetically Modified) Crops in 2018 (ISAAA Brief 54), and disclosed in a news release by the International Service for the Acquisition of Agri-biotech Applications, ISAAA on Thursday… More details through: https://www.vanguardngr.com/2019/08/nigeria-breaks-history-becomes-first-country-to-approve-biotech-cowpea/ |
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