Central Bank of Nigeria Unveils Guidelines for Agric loans

The Central Bank of Nigeria has unveiled guidelines through it’s website for Agribusiness, Small-scale and Medium Enterprise Investment Schemes (AGSMEIS) and Micro Small and Medium Enterprise Development Fund (MSMEDF). The CBN will create a fund known as AGSMEIS Non-Intrest Fund which will be dedicated and domiciled in the Apex bank, 5% of Profit After Tax …

Scientists Say Modified Bacteria Could Protect Crops and Replace Pesticides

“Beneficial bacteria such as burkholderia that have co-evolved naturally with plants, have a key role to play in a sustainable future,” said Professor Eshwar Mahenthiralingam, lead researcher of the study published in Nature Microbiology. Modern agriculture relies on regular spraying with pesticides to keep insects and fungal disease at bay. Beneficial bacteria that co-evolved with plants, have …

UN Reports World’s Food Supply Under Threat

The world’s food supplies are increasingly under threat from the ongoing destruction of the planet’s biodiversity , a new UN report has warned. Plants, animals and micro-organisms which are crucial to supporting and upholding the human diet are not being protected, the study by the United Nation’s Food and Agriculture Organisation found. Some 20 per cent …

AFSH Lauches Noiler Bird Initiative to Empower Over 300,000 Smallholder Farmers, to Increase to 1.2M by 2020

Amo Farm Sieberer Hatchery, AFSH, is determined to eradicate poverty in Africa and malnutrition in rural communities, especially among women and youths. AFSH developed the dual-purpose breed with thorough years of research from 2003 to 2014 and ongoing. Therefore, AFSH officially launched its Noiler Bird Initiative in Africa targeting 1.2million smallholder farmers by 2020 and this …

Ghana Agric Stakeholders Deliberate on Policy

Stakeholders in the agricultural value chain have converged in Accra to validate a proposed Ghana Agricultural Engineering Policy and Strategy (GAEPS) aimed at boosting mechanization in the sector. The GAEP when fully adopted will help in safeguarding food security, assist consistency with environmental conservation practices, and help the country to be steady with economic and …

President Buhari vows to sustain investment in Agric

The Nigeria’s President has issued a statement through his Senior Special Assistant on Media and Publicity, Malam Garba Shehu, the President promised to introduce new programmes and projects that will make agriculture more attractive to Nigerians, boost food production and increase jobs in the sector. According to him, ‘‘Nigerians are already benefiting from the good …

World Bank and AFDB to Support Nigeria,other with $47.5b on Climate Change

Nigeria and other African countries will benefit from the World Bank and the African Development Bank funding. They are about to commit $47.5bn by 2025 to help African countries tackle the effects of climate change. Despite contributing four per cent of the global greenhouse-gas emissions, more than 65 per cent of Africa’s population is directly …

Nigeria Overtakes Egypt In Rice Production

Nigeria has overtaken Egypt as the largest rice producer in Africa, Director-General,Africa Rice Center, Benin Republic, Dr Harold Roy-Macauley has said . Roy-Macauley, told The Nation that Nigeria is now the largest rice producer at 4 million tonnes a year. Egypt was producing 4.3 tonnes annually but production has reduction by almost 40 percent this …