Tag
MAIZE
The total landmass of corn fields in Nigeria shrank to the lowest in 14 years as insecurity and high input cost deter farmers from cultivating the crop.
In the past one year, the price of food items especially staple foods has increased significantly. It has been adjudged that the increase in food prices is mainly due to depreciation of the naira, conflicts across the food producing regions of the country, high transportation costs and so on.
Flour Mills Nig Ltd through its subsidiary Premier Feed Mills has announced the temporary suspension of the offtake of maize and sorghum over the increase in the commodities prices in recent times.
The Minister of Information, Mohammed Idris, has revealed that the federal government may resort to food importation as a short-term strategy to address the increase in the prices of food items in the country.
The Federal Government has said that 4 million metric tonnes maize supply gap has been closed through the...
Nigeria’s core grain prices have been projected to trend upwards in the new season due to persistent gaps...
Companies recently given approval to import maize will not be affected by the President's directive.
The NSC warned that only the 4 companies are allowed to import maize into the country.
Buhari released 30,000 tons of maize from the national reserves to animal feed producers.
One of CBN's roles as a policymaker in the agro-sector is to protect the farmers' economy and livelihood.
The University Don stated that the apex bank’s decision to ban maize importation was too abrupt.
CBN noted that the ban was necessitated in order to protect local production of maize.