Integrated Farm Estates: Senators Fault Buhari’s Planned Farm Settlements

Integrated Farm Estates: Senators Fault Buhari’s Planned Farm Settlements

First, it was a cattle colony, then Ruga settlement, later the National Livestock Transformation Plan. Now he has come up with what they call Integrated Farm Estates, which is proposed to be sited in 108 senatorial districts of the country. To make use in the succeeds of acquiring land for his Fulani herdsmen across the states of the federation, giving them a foothold in his Fulani domination agenda. The President had last month, directed the National Agricultural Land Development Authority to set up the integrated farm estates in 108 senatorial…

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A Nigerian Oil Palm Startup Raised $4 Million To Build a “Smart” Factory

A Nigerian oil palm startup raised $4 million to build a “smart” factory

Besides being a key ingredient for cooking jollof rice, vegetable oil is used industrially in paints, soaps, biofuels, and lubricants. But getting the oil from palm nuts can be a hassle for manufacturers if they have to engage smallholder farmers directly. In most cases, the Nigerian farmer cracks palm nuts with large stones, an inefficient process that makes eventually finished goods more expensive. Nigeria-based startup Releaf intends to solve this problem by processing produce from farmers and also delivering the oil to food manufacturers. The startup has raised $2.7 million…

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Nigerian Agritech Startup Releaf Secures $4.2M To Scale Its Food Processing Technology

Nigerian Agritech Startup Releaf Secures $4.2M To Scale Its Food Processing Technology

The distance between their farms and the nearest processor is key for smallholder farmers who need to process their crops. And though Nigeria’s food processing systems have a keen resemblance to the West with respect to big factories and huge economies of scale in high-demand cities, farmers still suffer from poor logistics networks. With distance and logistics problems, farmers’ crops can go bad and when factories buy them, it affects their processing yields and price. Farmers, witnessing post-harvest loss, also get paid less and miss the opportunity to invest in their crops production. Nigerian…

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Why Nigerians Go To Bed Hungry – Agric Minister

Why Nigerians Go To Bed Hungry – Agric Minister

The Minister of Agriculture and Rural Development, Alhaji Muhammad Nanono, has given reasons why some Nigerians still sleep with hunger even though the country produces enough food to eat. The minister, who was speaking at the recently concluded Feed Nigeria Summit in Abuja, said this happens because they did not have enough money to buy the food. He attributed the problem to unemployment, which inhibited people from earning money for food, rent, or education, saying this is a great challenge to the country. “I recently met with some young Nigerians…

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Okomu Oil: Analysts Project 20% Upside For Stock, See Increase Dividend

Okomu Oil: Analysts Project 20% Upside For Stock, See Increase Dividend

Okomu Oil (Ticker: OKOMUOIL) was traded at N110 in the Nigerian Exchange, having stayed in that position for seven trading sessions but analysts have set a 12-month price target at N131.50, representing about 20% upside. Equity analysts’ optimism for the ticker remains stronger due to its better earnings profile – supported by the Nigeria economics dynamics. The crude palm oil (CPO) company is benefiting from lower than usual competition since August 2019 when the Nigerian government locked its border against an influx of products through the land borders, since then, the…

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Nigeria’s Poor Ranking In Global Food Affordability – The Sun

Nigeria’s Poor Ranking In Global Food Affordability – The Sun

Food insecurity has become a clear and present danger in Nigeria. In a new report, a United Kingdom-based think tank, the Institute of Development Studies (IDS), placed Nigeria as the second poorest country in food affordability in the world. According to the report, Syria is the number one country where basic food is the least affordable. Other countries that are in the same league as Syria and Nigeria are Ethiopia, the Philippines, Sri Lanka, Ghana, Indonesia, Algeria, Iran, and Uzbekistan. The report is a grim picture of what Nigeria is…

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FG Replaces Controversial RUGA With New Scheme, Begins Camps In Six States

Presidency Staff Forced To Take Secrecy Oath

Two years after the suspension of the controversial Rural Grazing Area scheme in July 2019, the Federal Government has introduced a replacement scheme called the Livestock Intervention Programme to address the lingering farmer-herder crisis across the country. This comes amid the Federal Government’s intensified efforts to revive colonial-era grazing routes in many states across the country as per the directive by President Muhammadu Buhari. According to documents from the Federal Ministry of Agriculture and Rural Development sighted by one of our correspondents, the LIP scheme will see the Federal Government…

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Buhari Approves N6.52bn For Ranching In Katsina

President Muhammadu Buhari has approved recommendations of a committee to review “with dispatch,” 368 grazing sites, across 25 states in the country

The Federal Government, yesterday, approved N6.52 billion for ranch development in Katsina State. This was made known when President Muhammadu Buhari commissioned the Zobe regional water supply scheme and a 50-kilometer road project constructed by the state government at the cost of over N3.2 billion. The Federal Government and the Katsina State Government jointly financed and completed phases 1a and 11, as well as 1b, which involved laying of pipes to Karofi, Kafin-Soli, Kankia and Charanchi areas. The Dutsinma-Tsaskiya road in Dutsinma Council was conceived to open up and link…

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CBN releases 50,000MT of maize to 12 feed millers to tackle scarcity.

CBN releases 50,000MT of maize to 12 feed millers to tackle scarcity.

In an effort to crash and moderate food prices in the market, the Central Bank of Nigeria (CBN), approved the release of 50,000 metric tonnes of maize to 12 major producers, from strategic maize reserve (SMR) under the Anchor Borrowers’ Programme (ABP). According to the apex bank, the release of maize to the companies, which is the third of such releases, is also intended to tackle the nefarious activities of middlemen who hoard the product thus causing artificial scarcity. Recipients of the grains include; Premier Flour Mills, Crown-Olam, Grand Cereals,…

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Fed Govt To Revive Grazing Reserves In 21 States

Presidency Staff Forced To Take Secrecy Oath

The Federal Government on Tuesday said it is working hard to resolve the farmer/herder crisis across the country through the revival of grazing reserves in 21 out of the 36 states of the federation. Minister of Agriculture and Rural Development, Sabo Nanono, disclosed this during a webinar on ‘Nigeria dairy industry’, organized by the Policy Centre of Abuja Chamber of Commerce and Industry to mark the World Milk Day, 2021 with the theme, “Sustainability in the dairy sector.” The disclosure by the Federal Government came as the Policy Centre of…

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