FMCG

Recession: Agriculture, Mining Way Forward

Posted by Finintell on Monday, 3 October 2016

The Director Centre for Agriculture and Pastoral Research of the Usmanu Danfodio University, Sokoto, Prof. Lawali Abubakar, has called for the diversification of the economy through huge investment in agriculture and mining.

Abubakar told the News Agency of Nigeria in Sokoto at the weekend that diversification of the economy in the two sectors could tackle poverty and the economic challenges bedevilling the county.

FG not Importing ‘Poisonous’ Rice –Presidency

Posted by Finintell on Thursday, 8 September 2016

The Federal Government has described attempts by unscrupulous individuals on social media linking the government and Dangote group with a plan to ‘flood’ the country with genetically modified rice (GMO) as extremely uncharitable.

FG Approves ‘Green Alternative’ Policy towards Diversified Economy

Posted by Finintell on Saturday, 23 July 2016

The Federal Executive Council (FEC) has approved the implementation of the ``Green Alternative’’, a road map towards diversifying Nigeria’s economy.

The Minister of Agriculture, Mr Audu Ogbeh, made this known on Wednesday in Abuja while briefing State House correspondents at the end of the Council’s meeting, which was presided over by President Muhammadu Buhari.

CPC Investigates Nigerian Breweries over Alleged ‘Health Benefits’ of Beer

Posted by Finintell on Thursday, 14 July 2016

The Consumer Protection Council (CPC) has commenced investigation into the veracity of the recent widely publicised claims of the Nigerian Breweries Plc (NB) regarding the health benefits of beer consumption, alleging that the claims are capable of luring unsuspecting consumers into unwholesome consumption of the product.

Nigerian Breweries had in media reportage of its recent symposium held in Lagos early July 2016 asserted that consumption of beer has many nutritional, health and therapeutic benefits.

Agric College Partners Foreign Investor on Cassava Production Enterprise

Posted by Finintell on Wednesday, 13 July 2016

The Provost, Federal College of Agriculture, Akure, Dr Adeola Odedina, says the college is partnering with foreign investors to creating millions of value chain job opportunities in Cassava Production.

Odedina disclosed this in Akure on Wednesday at the occasion of Cassava Adding Value for Africa Phase ll (CAVA ll) Project's International Farmers' Field Day on cassava production enterprise.

Farmers Urge Govt. Agencies to Improve on Storage Facilities

Posted by Finintell on Friday, 8 July 2016

Farmers have urged relevant agriculture agencies to improve on the nation's produce storage facilities to achieve the Federal Government's objectives of boosting food production.

The farmers were reacting to the inauguration of the Presidential Committee/Task Force on Rice and Wheat to facilitate its programme on self-sufficiency in food production.

Stakeholders Urge Support for Farmers to Boost Rice, Wheat Production

Posted by Finintell on Monday, 4 July 2016

Stakeholders in rice and wheat production in some of the North Eastern states have urged government at all levels to give adequate support to farmers to enable them boost their production.

They told the News Agency of Nigeria in separate interviews that rice and wheat farmers in the country had the potential to feed the country and export same if given the necessary support.

Aminu Maiwada, a rice farmer in Gashua town of Yobe said that most states in the country had areas that were suitable for rice production.

Weak Pound 'Could Raise Supermarket Prices'

Posted by Finintell on Wednesday, 29 June 2016

Supermarket prices could rise if the pound's fall continues, retail analysts have said.

According to BBC report, some 40% of food consumed in the UK is imported meaning "any long term change in exchange rates may threaten the current period of cheaper groceries," according to Kantar Worldpanel.

Online supermarket Ocado also said the weaker pound could lead to "inflationary pressure".

The pound has fallen about 11% against the dollar since the Brexit vote.

25 Companies Sign MoU to Participate in Rice Programme

Posted by Finintell on Saturday, 25 June 2016

Twenty-five seed companies on Friday in Gwagwalada, FCT, signed a Memorandum of Understanding with the Seed Entrepreneurs Association of Nigeria (SEEDAN) to produce certified rice seeds for farmers in the country.

According to the News Agency of Nigeria, the MoU is under the recently launched ECOWAS Rice Seed Up-scaling Project, aimed at boosting local production of paddy rice.

It is being implemented by SEEDAN in collaboration with the West and Central African Council for Agricultural Research and Development (CORAF/WECARD) and other regional partners.

Nigeria, Norway to Deepen Cooperation on Fisheries Development

Posted by Finintell on Tuesday, 10 May 2016

President Muhammadu Buhari Thursday in Abuja said Nigeria and Norway, a major fish exporting country, will work together to deepen their agricultural cooperation, particularly on fish farming and fisheries development.

Speaking at a farewell audience with the outgoing Ambassador of Norway to Nigeria, Ambassador Rolf Ree, President Buhari said his administration will continue to promote agriculture as an alternative revenue earner for the country.