World Bank to combat hunger in Nigeria, 5 Others

World Bank Group President Jim Yong-Kim on Thursday said the bank was working toward raising 1.6 billion dollars to build social protection systems to end food insecurity in sub-Saharan Africa and Yemen.

In a statement made available to newsmen by the Head of Communications, World Bank Nigeria in Abuja, Mrs Olufunke Olufon, Yong-Kim said about 20 million people in Nigeria, South Sudan, Somalia and Yemen were on the “tipping point” of famine.

“We at the World Bank Group stand in solidarity with the people now threatened by famine.

Government to give attention to Poultry Business

Poultry business will be given necessary government attention so as to maximise the potentials of the industry, according to the Acting President, Prof. Yemi Osinbajo SAN

Speaking with a delegation of Poultry Association of Nigeria which paid him a courtesy visit recently in his office, the Acting President wondered why poultry business seemed to have been ignored even as agriculture is resurgent. He acknowledged the need to address some of the challenges facing the industry, because it is a significant contributor to the country’s economy

Dangote Plans Rice Mill to Tap Growing Demand

Africa’s richest man, Aliko Dangote is set to Launch Wednesday a new subsidiary Dangote Rice, which will massively plant rice on 25,000 Hectares in Sokoto, Jigawa and Zamfara states, in north west Nigeria.

The rice will be available by the end of this year, possibly before Christmas.

The large scale rice farming has the prospect of providing hundreds of thousands of employment opportunities for the rural inhabitants under an outgrower scheme.

How banks ‘kill’ Nigerian Farmers –Agric Minister

The Minister of Agriculture and Rural Development, Audu Ogbeh, has said that high interest rate from banks remained the bane of financing of agriculture and the development of good agricultural practices.

The minister made the remark while delivering a keynote address at the maiden edition of the Nigeria Food and Safety Investment Forum held at the Eko Hotels and Suites.

FG Seeks increase in Tomato Import Duty to Boost Local Production

Nigeria will increase custom duties for tomato imports and waive tariffs for some farming equipment to stimulate local production and investment in the agriculture sector, its trade minister said on Wednesday.

"We are going to go up. We will be announcing what the new tariffs are but clearly there is a new set of tariffs," Okechukwu Enelamah told reporters, without giving details.

Reuters reports that Customs duties on some greenhouse equipment currently amounting to as much as 20 percent would be removed.

Scientists find crop-destroying caterpillar spreading rapidly in Africa

Scientists tracking a crop-destroying caterpillar known as armyworm say it is now spreading rapidly across mainland Africa and could reach tropical Asia and the Mediterranean in the next few years, threatening agricultural trade, Reuters reports.

In research released on Monday, scientists at the Britain-based Centre for Agriculture and Biosciences International (CABI) said the pest, which had not previously been established outside the Americas, is now expected to spread "to the limits of suitable African habitat" within a few years.

Rice Farmers Target High Production

The Rice Farmers Association of Nigeria in Bayelsa, on Saturday said it would produce no fewer than 180, 000 metric tons of rice from Ayamasa and Ofoni fields in the state.

Mr Ezikeil Ogbianko, the association’s chairman, told the News Agency of Nigeria in Ofoni, Sagbama Local Government Area of Bayelsa that it had acquired 10, 000 hectares of land in the two sites.

“We have gotten the land, 5, 000 hectares each from the two communities making it 10, 000.

Rice Smuggling Thrives in Spite of Ban

The smuggling of rice through the land borders has continued to thrive in Badagry area of Lagos State in spite of the Federal Government’s ban on the practice.

The News Agency of Nigeria reports that markets along Badagry Expressway close to Seme border, are stocked with various varieties of smuggled rice, especially as the Christmas season approaches.

A smuggler, who identified himself as Sunday Egeseme, was seen offloading bags of rice from his car at Alaba Rago Market in Okokomaiko area of Lagos.

He described the business as “lucrative’’.

Nigeria famine risk rising, those in danger may double in 2017 –IPC

Global food security monitors said on Friday that Nigeria's Borno state was at increased risk of famine, with one study projecting the number of those affected will rise to 115,000 in 2017 from 55,000 this year, Reuters reports.

The northeastern state is the area worst hit by the seven-year Boko Haram insurgency that has killed 15,000 people and uprooted more than 2 million during the Islamist militants' attempt to create a "caliphate" in the area.

Nigeria-Moroccan Venture to Produce 1m tons of Fertilizer from Next Year

An agreement between the governments of Nigeria and Morocco, anchored by Fertilizer Producers and Suppliers of Nigeria (FEPSAN) and a Moroccan company, OCP will yield one million tons of fertilizer through local production for next farming season.

This will be a short term solution that will, by a signed agreement also force the price of fertilizer from N8,000 to a low of about N5,000.