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Business

GDP: Agriculture sector grows by 3.42% in Q4 2020

The Agriculture sector grew by 3.42% in real terms in Q4 2020 compared to a growth of 1.39% recorded in Q3 2020.

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Agricultural financing, GDP: Agriculture grows by 3.42% in Q4 report

The Agriculture sector grew by 3.42% in real terms in Q4 2020 compared to a growth of 1.39% (year-on-year) recorded in the previous quarter (Q3 2020).

This was disclosed in the Q4 GDP report, released by the National Bureau of Statistics (NBS) on Thursday. The 2020 Agric GDP grew by 2.17% compared to 2.36% recorded in 2019.

READ: President Buhari boasts of External Reserves growth of $2.58 billion in May

The NBS disclosed that Crop Production grew by 3.68% compared to 1.38% in Q3 2020 & 2.52% in Q4 2019. The total 2020 GDP for Crop Production grew 2.24% compared to 2.51% in 2019

  • Livestock grew by 2.38% in the quarter under review compared to 2.29% in Q3 2020 & -0.20% in Q4 2019. It also grew by 1.91% in 2020 full year compared to 0.16% in 2019
  • Forestry grew by 1.24% in Q4 2020 compared to 2.55% in Q3 2020 & 1.26% in the corresponding period of 2019. Forestry also grew by 1.62% compared to 2.59% recorded in 2019
  • Fishing however contracted by 3.60% compared to a similar contraction of 2.07% recorded in Q3 2020 & a positive growth of 2.33% in Q4 2019. Fishing grew 0.26% compared to 3.33% in 2019

READ: Aviation’s real GDP contracts by 36.98% in 2020

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Business

School kidnappings: Military and the Police will continue to go after kidnappers – Buhari

The President has assured Nigerians that the military and the police will continue to go after kidnappers.

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President Muhammadu Buhari stated that the Federal Government is working hard to bring an end to the recent incident of mass school kidnappings in Northwestern Nigeria and urges the Military and the Police will continue to go after kidnappers.

The President disclosed this in a statement on Tuesday morning , reacting to news of the release of schoolgirls kidnapped in Zamfara State.

I join the affected families and the people of Zamfara State in welcoming and celebrating the release of the abducted students of GGSS Jangebe.

This news bring overwhelming joy. I am pleased that their ordeal has come to a happy end without any incident,” Buhari said.

Buhari added that the FG needs the support of local communities to bring an end to school kidnappings by terrorists, and urges the authorities to keep going after them.

We are working hard to bring an end to these grim and heartbreaking incidents of kidnapping. The Military and the Police will continue to go after kidnappers. They need the support of local communities in terms of human intelligence that can help nip criminal plans in the bud,” he said.

What you should know 

  • Nairametrics reported today that The Governor of Zamfara State, Dr. Bello Matawalle stated the kidnapped schoolgirls of the Girls Secondary School, Jangebe, have been released after being kidnapped last week.

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Business

US supports appointment of new service chiefs, affirms close ties with Nigeria

The US Government has endorsed President Buhari’s appointment of ex-military service chiefs.

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FG to attract foreign investors for Actors Guild of Nigeria

The United States Government has expressed its support for the recent appointment of military service chiefs by President Muhammadu Buhari.

The new appointments are expected to bring new approaches to combating terrorism in the northeast and provide national security across the country.

According to a statement signed by the spokesperson for the US Department of States, Ned Price, this disclosure was made by the new US Secretary of State, Antony J. Blinken, during a phone call conversation with Nigeria’s Minister for Foreign Affairs, Geoffrey Onyeama, on Monday, March 1, 2021.

He also acknowledged the threats that violent extremists posed to Nigeria and regional security as a whole.

READ: President Biden revokes Trump’s ban for green card applicants in US

While highlighting the importance that the United States placed on its relationship with Nigeria, Secretary Blinken outlined a holistic approach to the US-Nigeria partnership based on their shared values of democracy, respect for human rights and robust people-to-people relations.

The statement said that as part of efforts to ensure a good relationship with Nigeria, Blinken referred to President Biden’s revocation of immigrant visa restrictions on Nigeria as an affirmation of the close ties between Americans and Nigerians.

He also reiterated the support of the United States for Dr Ngozi Okonjo Iweala as the new Director-General of the World Trade Organization (WTO).

Talking about the conversation with his US counterpart, Geoffrey Onyema expressed his delight at the discussion which covered a broad range of bilateral and multilateral issues.

READ: FG reacts to inclusion of Nigeria on religious freedom blacklist by United States

He said, “Very glad to re-engage, through a very nice phone call with US Secretary of State, Secretary Blinken. We covered a broad range of bilateral and multilateral issues and look forward to increased cooperation.”

On his part, Secretary Blinken said, “Delighted to speak with Foreign Affairs Minister, Geoffrey Onyema. We deeply value our bilateral relationship with Nigeria and look forward to rejuvenating our partnership based on shared values of democracy, respect for human rights, and robust people-to-people relations.”

What this means

This appears to be a renewed partnership and bilateral relationship between the United States and Nigeria, which seemed to have suffered some setbacks during the Trump administration.

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This was clearly evident in visa restrictions on Nigeria and the refusal of the last US administration to support the confirmation of Nigeria’s Ngozi Okonjo-Iweala as the Director-General of the WTO despite the unanimous support of member states.

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