FMCG

₦30b Poultry and Feed Mill Inaugurated

Posted by Finintell on Tuesday, 12 September 2017

President Muhammadu Buhari on Tuesday inaugurated the N30 billion Integrated Feed Mill, Hatchery and Breeder Farm in Kaduna.

Middle East Olam International Business Head, Mr. Vinod Kumar Mishra, had earlier said that when inaugurated, the multi-million dollar investment would utilise around 180,000 tonnes of corn and 75,000 tonnes of soya beans for its feed production.

Mishra said the company had the capacity to produce 360,000 tonnes of animal feeds every year.

He said the company would also produce 1.6 million day-old-chick every week.

Farmers want FG to Suspend Importation of Maize

Posted by Finintell on Tuesday, 5 September 2017

The Nigeria Farmers Group and Cooperative Society, on Tuesday, urged the Federal Government to set a timeline to ban the importation of maize into the country.

The group’s National Coordinator, Mr Redson Tedheke, said in an interview with the News Agency of Nigeria in Abuja that the suspension of the import would protect local farmers and encourage massive production of the commodity.

According to him, unchecked importation of maize remains a major threat to local production and President Muhammadu Buhari’s agricultural revolution drive.

Farmers Task FG, States on Provision of Storage Facilities

Posted by Finintell on Tuesday, 29 August 2017

With the onset of the harvest season in some parts of the country, farmers have urged the federal and state governments to provide adequate storage facilities, to prevent wastage.

A survey on the prices of foodstuffs conducted by the News Agency of Nigeria (NAN) in the South-West, showed that the harvest of produce had forced down prices.

The farmers, who spoke with NAN correspondents, said that they were faced with the challenge of storage facilities for surplus produce.

Rice Millers to Support Customs in Curbing Rice Smuggling

Posted by Finintell on Tuesday, 15 August 2017

The Rice Millers Association of Nigeria (RIMAN) has promised to provide useful information to the Nigeria Customs Service (NCS) in its efforts to curb the smuggling of rice into the country.

The RIMAN’s Chairman, Board of Trustees, Mr Peter Dharma, gave this assurance in Kano on Tuesday at the inaugural meeting of the association, the News Agency of Nigeria reports.

He said that Nigerians had, over the years, been losing enormous resources to the smuggling of food items into the country.

AfDB Raises Hopes of Cocoa Farmers in Africa

Posted by Finintell on Wednesday, 9 August 2017

The African Development Bank (AfDB) says it is working towards providing support to cocoa producers in the continent in order to turn around their fortunes.

A statement by Mr Emeka Anuforo, AfDB’s Communication Officer on Wednesday said the bank was also considering support to Ghana and Côte d’Ivoire to reduce the volatility of the international prices of cocoa.

Côte d’Ivoire leads the world in the production and export of cocoa.

Investment Authority Rehabilitates Fertilizer Plants

Posted by Finintell on Monday, 7 August 2017

The Nigerian Sovereign Investment Authority (NSIA), also known as the Sovereign Wealth Fund, has resuscitated 11 fertilizer blending plants across the country, which substantially brought down the price of fertilizer, ended fertilizer subsidy and ensured the availability of the commodity, the News Agency of Nigeria reports.

The Fund’s Managing Director Uche Orji disclosed this in Abuja on Monday, while receiving the Minister of Information and Culture, Lai Mohammed, who paid a courtesy visit to the Authority.

Osinbajo Opens Argungu’s WACOT Rice Mill

Posted by Finintell on Wednesday, 2 August 2017

The Acting President, Prof. Yemi Osinbajo, says mining and agriculture will be the focus of the Federal Government for rapid economic development.

Osinbajo made the pledge in Argungu on Tuesday while inaugurating the N10 billion WACOT Rice Mill in Argungu Emirate of Kebbi state.

He said the continued investment in agricultural production by the private sector had vindicated the resolve of the Federal Government to invest in agriculture for revenue generation and development.

Yam Exportation a Wake-up Call for Farmers –Union

Posted by Finintell on Thursday, 20 July 2017

The President, Agricultural and Allied Employees Union of Nigeria (AAEUN) in Kwara, Kayode Ehindero, says exportation of yams will boost agricultural activities in the country.

Ehindero told the News Agency of Nigeria in Ilorin on Thursday that yam exportation was a wake-up call to farmers to double efforts in food production.

“The direct effect of this exportation is a wake-up call for farmers to cultivate more yams because of competition in the demand for exportation and domestic requirements.

Expert Makes Case for Organic Agricultural Systems

Posted by Finintell on Thursday, 13 July 2017

Resilient and vibrant Ecological Organic Agriculture (EOA) Initiative system will enhance food and nutritional security in the country.

Dr Olugbenga Adeoluwa, the Country Director of the initiative said this at the on-going three-day Organic Agriculture Business Summit on Thursday in Awka.

The summit was organised by the Initiative in support of the Association of Organic Agriculture Practitioners in Nigeria to maintain and sustain organic agriculture farming and development in Nigeria and Africa in general.

New Maize Varieties for Nigerian Farmers

Posted by Finintell on Wednesday, 5 July 2017

The Institute for Agricultural Research (IAR), Ahmadu Bello University, Zaria says it has secured approval for the release of three new high-yielding nutrient maize varieties for planting in Nigeria.

The Institute made this known in a statement made available to the News Agency of Nigeria on Wednesday in Lagos.

The institute said the approval was granted by the National Varietal Release Committee at the National Centre for Genetic Resources and Biotechnology in Ibadan.