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 …

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 …

Global Rural Revitalization Is the Solution to Poverty and Hunger

Rural areas are in crisis. Rural residents make up 45 percent of the world’s population but bear a disproportionate burden of poverty, malnutrition, and poor quality of life. The global rural poverty rate is 17 percent (compared to 7 percent in urban areas). Rural people comprise 70 percent of the world’s extremely poor. Rural areas …

Nigeria Economic Outlook

The growing importance of services has bolstered growth in the economy. The sector accounts for about half of GDP, dwarfing the 10% from oil and 22% from agriculture. Real GDP growth was an estimated 1.9% in 2018, reflecting a recovery in services and industry— particularly mining, quarrying, and manufacturing. The recovery benefited from greater availability …

Farmers Must Protect their Animals from Plastic Consumption

Cattle farmers need to protect their stocks from consumption of plastic materials and other dangerous objects because it results into huge financial loses. The dairy and cattle farmers are responsible for the cows welfare, after milking and grazing them,they are allowed the cows scavenge or find food available in dumps of debris lying in the …

World Bank Centre Established to Improve Agric and Combat Climate Change

A world class agricultural research outfit has been established on 17th February, 2019 it’s named Centre of Excellence in Agriculture and Sustainable Development, CEADESE, at the Federal University of Abeokuta, FUNAAB, which is primarily to address the dangers posed by climate change, strengthen human and material capacity for agricultural development. The director of the Centre, …