Tag: AGRIC

Nigeria eyes $172bn investment in mining, agriculture, others

Aminu Imam
Nigeria investments

A multi-national company, Nigeria Backbone Infrastructure Limited, (NBIL), has announced its intention to invest $172billion to develop various infrastructure sectors in the country. This investment, utilising alternative financing options, will be allocated to mineral resources, energy, agriculture, housing, and transportation sectors for the next 22 years, a statement by the company said yesterday. The administration of President Bola Tinubu has openly reaffirmed its commitment to enhancing foreign direct investment (FDI) inflows into the country, while also promoting alternative financing for the construction of essential infrastructure projects. Recall that last year,…

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Atiku in Kano, promises to improve security, agriculture

Abdul-Azeez Ahmed Kadir
Former Vice President Atiku Abubakar in Kano during a campaign rally.

Former Vice-President Atiku Abubakar, the presidential candidate of the Peoples Democratic Party (PDP), has promised to improve agriculture, commerce and security if given the mandate in Feb. 25 election. Addressing a crowd of supporters at the Sani Abacha Stadium in Kano on Thursday, Abubakar said he was happy with the collapse of industries in Kano and the country as a whole. He promised that when PDP assumed power, it would revive the economy, agriculture, and restore peace and stability. “The people of Kano, I am aware that yours is business and…

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FEC approves N1.4bn to equip youth farmers

Abdul-Azeez Ahmed Kadir

The Federal Executive Council (FEC) has approved the sum of N1.4 billion for the procurement of equipment and agricultural inputs for the National Youth Farmers’ Scheme. Lai Mohammed, Minister of Information and Culture, disclosed this while briefing State House correspondents after the FEC meeting presided over by Vice President Yemi Osinbajo on Wednesday at the Presidential Villa, Abuja. He said that four contracts were awarded for the scheme and expressed optimism that the projects would encourage youths to go into agriculture. “The other memo on behalf of the president is…

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FG partners Crown Flour Mill to Boost Local Wheat Production, Curb Importation

Abdul-Azeez Ahmed Kadir

The Federal Government has taken a major step to expand Nigeria’s capacity in the production of wheat after it entered into a partnership with Crown Flour Mills.According to the government, the partnership is a deliberate attempt to reduce the influx of wheat importation and conserve the much-needed foreign exchange.The Minister of Agriculture, Alhaji Sabo Nanono revealed this and added that the Federal Ministry of Rural Development (FMARD) was making concerted efforts to ensure food security and create jobs in the agriculture sector.In a statement by FMARD, Nanono who played host…

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