Nigeria to Produce Seed Yams for Export

The technical committee on Nigeria Yam Export Programme is working with the University of Agriculture, Umudike and the International Institute of Tropical Agriculture (IITA) to produce seed yams for export.

The committee was charged with the responsibilities of finding markets for Nigerian yams in the world and providing market information on weekly prices of yam at the major marketing centres abroad.

Anchor Borrowers: Over 6,500 Farmers for Dry-Season Rice Farming

No fewer than 6,520 farmers from five North-Central states and Abuja have been selected to participate in this year’s dry season farming under the Anchor Borrowers’ Programme.

Mrs Rabi Emaikwu, Chairman, All Farmers Association of Nigeria (AFAN) in Kogi, disclosed this on Friday in Lokoja at the meeting of the Core Delivery Team (CDT) of the State Partnership for Agriculture (SPA), organised by Synergos Nigeria.

Osinbajo Inaugurates Cashew Factory

Vice President Yemi Osinbajo has inaugurated a Cashew Processing factory, FoodPro Nigeria Limited, in Ilorin.

Osinbajo also inspected the factory on Tuesday after the inauguration. He was delighted with what he saw on ground.

The Vice President who was conducted round the factory by the Chief Executive Officer of the company, Mr. Ayo Olajiga, restated the administration’s resolve to support the private sector with policies that would make business easier.

Dangote sells Nigerian Noodle Plants to Rival for $12m

Dangote Noodles Limited, a unit of Nigerian company Dangote Flour Mills, has sold two production lines to rival pasta maker De United Foods Industries for 3.75 billion naira ($12.26 million), the company said on Tuesday.

De United said it has signed an agreement with Dangote Noodles to buy plants at its Ikorodu and Calabar factories. It would also buy stock worth 383.94 million naira, Reuters reports.

The deal comes after Dangote sold a small stake in its cement business to foreign investors in a one-off stock market deal valued at 27 billion naira.

Bio-fortified Food Varieties Released in Nigeria

Eighteen bio-fortified varieties comprising six vitamin A cassava, eight vitamin A maize, two orange sweet potato and two iron and zinc sorghum, which are bred conventionally, have been released officially in Nigeria.

Dr Paul Ilona, the Country Manager of Harvestplus, an international agricultural organisation, made this known in an interview with the News Agency of Nigeria on Sunday in Ibadan.

“Over two million farmers are estimated to be growing them now,” he said.

According to him, nutritious foods are of immense importance for good health.

Adesina’s Agric Fund for African Youth Balloons to $600K

African Development Bank President Akinwumi Adesina’s agripreneur fund to assist African youths, has increased to $600,000.

Adesina last week after winning the 2017 World Food Prize in Des Moines, Iowa, said he was dedicating the $250,000 cash prize to set up a fund fully dedicated to providing financing for the youth of Africa in agriculture to feed Africa.

Motivated by the 2017 World Food Prize Laureate’s decision, donors have made additional contributions to the fund.

Cashew Nut, Sesame Seeds, Forex Earners for Nigeria

Three agricultural products –soya beans, cashew nut and sesame seeds are turning big export earners for Nigeria, as economic policy makers attempt to wean the country away from crude oil.

The three products, along with coffee, rubber, kolanuts, palm kernel, cotton, kolanut, ginger, timber, shrimps, were showcased as exportable goods by the Minister of Budget and National Planning, Senator Udoma Udo Udoma, at a presentation at the National Economic Council meeting in Abuja on Thursday.

AfDB, Brazil to Groom African Youth in Cassava Processing

The African Development Bank (AfDB) and the Brazil-Africa Institute (BAI) have set a machinery in motion to mentor African youth in cassava processing.

A statement by Mr Emeka Anuforo, AfDB’s Communications Officer, said the mentorship was launched under the Youth Technical Training Program (YTTP).

He said that the initiative aimed at training young African professionals in research and technology transfer and contributing to local capacity development.

BOA, NIPOST to Support 5 million Farmers

The Bank of Agriculture (BOA) and Nigeria Postal Service (NIPOST) are collaborating to provide financial services to five million farmers across the country over the next two years.

Managing Director of BOA, Kabir Adamu, made the disclosure on Tuesday in Kaduna after the bank signed a Memorandum of Understanding (MoU) on Policy and Multi-Sector partnership with a consultancy firm, e Worldwide Group.

Cocoa Output seen Rebounding in 2017/18

Nigeria should see a bumper cocoa harvest in the coming season as late rains have helped boost pod production, the head of the cocoa association said on Thursday.

Sayina Riman, president of the Cocoa Association of Nigeria (CAN), expects output for the new season which starts in October to hit between 300,000 tonnes and 320,000 tonnes, up sharply from the season just ended which was blighted by poor weather.