Fears over CBN’s method to recover N36bn loans from N’East farmers
The recent inauguration of committee in all local governments in the North-East to recover N36bn loans advanced to farmers by the Central Bank of Nigeria (CBN), has raised a serious issue bordering on how the loans were disbursed in the…
80% of rice consumed in Nigeria still smuggled form land, creek borders—Investigations
Contrary to claims by the Nigerian Customs Services (NCS) that it has fought rice smuggling to standstill at land borders, investigations have shown that up till now, over 80 per cent of rice consumed in Nigerian cities especially Lagos is…
CBN mulls unconventional policies to insulate economy from global shocks—Gov
Making his first outing away from Abuja since his swearing in for second term in Lagos, the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has hinted of plans in his second term to deploy what he described…
Banning textile imports before empowering cotton farmers wrong approach—Expert
Development economists and Lagos industry affairs analyst, Dr Isaac Mammah, has faulted the Central Bank of Nigeria (CBN) in first halting importation of textiles and allied materials before beginning to plan for the revival of cotton farming. He said “For…
Conflicting facts on local rice production worry Nigerians
Last week, figures from the United States Department of Agriculture have shown that Nigeria’s local rice production in the coming year would be under serious pressure. Otherwise, the data projected that Nigeria’s rice production will drop from $2.48bn to $2.40bn…
Ghana may become hybrid rice producing hub in West Africa before Nigeria
Strong indication has emerged suggesting that Ghana may soon become West Africa’s rice and cowpea producing hub following the development of nitrogen efficient rice and biological resistance cowpea by the Savanna Agricultural Research Institute and the Crop Research Institute of…
Ghana may become hybrid rice producing hub in West Africa before Nigeria
Strong indication has emerged suggesting that Ghana may soon become West Africa’s rice and cowpea producing hub following the development of nitrogen efficient rice and biological resistance cowpea by the Savanna Agricultural Research Institute and the Crop Research Institute of…
Can 2.22mmt rise in local fertilizer support growing rice farming in Nigeria?
The recent submission of the Nigeria Sovereign Investment Authority (NSIA) that its investment in promoting local farming is yielding results because its production of made-in-Nigeria fertiliser has risen to 2.22 million metric tones, has raised an issue of cross examination….
Upon FG, states’ investment claims in rice farming, no local rice in markets
An irony several Nigerians have found very hard to figure out remains the observed lack of local rice in leading Nigerian markets especially Lagos, upon all the efforts and publicity of the federal government’s investments’ in the trade. In the…
NEXIM Bank begs SMEs in S’East, Delta State to access loans from its N550bn
The Nigerian Export-Import Bank (NEXIM) has called on export-oriented Small and Medium Entrepreneurs (SMEs) in the Southeast and Delta States to access the N500bn Export Stimulation Facility (ESF). They are also advised to go for the N50bn Export Development Fund…
