Tag
FOOD SECURITY
The Central Bank of Nigeria has indicated that the 2.15 million bags of fertilizers donated to the Ministry of Agriculture and Food Security were from the stockpile of a program initiated by the previous administration, not a new intervention effort.
The Central Bank of Nigeria (CBN) has made a substantial contribution to the agricultural sector by donating over 2 million bags of fertilizers, with a total value of N100 billion, through the Federal Ministry of Agriculture and Food Security to farmers.
Senator Abubakar Kyari, the Minister of Agriculture and Food Security, said the federal government has secured a €995 million deal between with the Brazilian Government, and the German Deutsch Bank Group to finance a Green Imperative Programme in Nigeria.
A new report by SB Morgan Intelligence has revealed that farmers across Northern Nigeria pay as much as N100,000 to access their farmlands during the planting or harvest season.
Peter Obi, the Labour Party’s candidate in the 2023 presidential election, expressed his dismay at the prevailing economic difficulties, noting the troubling fact that Nigeria is now dependent on Ukraine, a country ravaged by war, for food aid.
The African Development Bank (AfDB) provides Nigeria with $134 million in support for the cultivation of essential crops such as rice, maize, cassava, and soybeans, aiming to enhance food production.
WFP) has reported that the 25,000 tons of wheat donation from the Ukrainian government to Nigeria will assist in providing food to around 1.3 million Nigerians affected by soaring food prices in the North-east.
The Nigerian agricultural sector recorded a meagre $19.91 million in foreign investment for the year 2023 representing just 0.50%.
Yemi Cardoso, has revealed that the apex bank currently lacks the capacity to fund more intervention programmes amid soaring food inflation.
The federal government has agreed to subsidise agricultural inputs for farmers by 50% in the commencement of the dry season farming which will be launched on the 25th of November 2023.
FG is seeking the supper of Bill & Melinda Gates Foundation in investing in the agric sector of the country and help to reduce food crisis.
In 1969, the USA's historic Apollo 11 mission marked the fulfillment of President John F. Kennedy's lunar landing goal.