Posts Tagged: #EconomicDiversification
Tinubu extends shea nut export ban by one year
President Bola Ahmed Tinubu has approved a one-year extension of the ban on the export of raw shea nuts, effective from February 26, 2026, to February 25, 2027. The decision follows an earlier six-month temporary
Presidential panel recommends freeze on N1tn rice imports
A Federal Government–backed agribusiness policy committee has recommended the formal closure of Nigeria’s existing rice import windows after new data revealed that the country’s rice surplus in 2025 was sustained primarily by unusually high import
Aiyedatiwa approves $42m agricultural city project in Ondo community
The Ondo State Government has endorsed a major agricultural investment initiative expected to drive economic growth, enhance food security, and revive previously abandoned agricultural infrastructure. The project, led by KONIG Agriculture Ltd and supported by
FG, NCIA seal deal to transform Nigeria’s cassava industry
To mark World Cassava Day 2025, the National Agricultural Development Fund (NADF) and the Nigeria Cassava Investment Accelerator (NCIA) signed a landmark Memorandum of Understanding (MoU) to transform cassava into a national economic driver. The
FG, States, World Bank Agree to $700m Support to Boost Rural Agriculture, Access Roads, Others
The Federal Government of Nigeria, in collaboration with the World Bank, has secured a $700 million funding package to scale up the Rural Access and Agricultural Marketing Project (RAAMP). This initiative, designed to strengthen rural
Sufficient budgetary allocation only way for Nigeria to diversify to agriculture – Uzodinma
Agriculture remains a fundamental pillar for Nigeria’s economic diversification and national development. This was highlighted by Governor Hope Uzodinma during the 12th Convocation Lecture at Michael Okpara University of Agriculture, Umudike, Abia State. Delivering a
Nigeria’s cocoa market value hits $6billion
The cocoa industry in Nigeria, long a cornerstone of its agricultural economy, is poised for a dramatic transformation as global cocoa prices surge to $10,000 per ton. Stakeholders highlighted the potential for Nigeria’s cocoa exports
Agricultural reform, others solution to Nigeria’s inflation – Marine expert
“In addressing Nigeria’s persistent inflation challenges, maritime expert Dr. Oluwasegun Musa has highlighted the crucial role of agricultural reform, economic diversification, and policy adjustments as pivotal solutions. Speaking at the 15th National Business Summit in
Ginger blight: FG supports farmers with N1.6bn
The Federal Government of Nigeria has allocated N1.6 billion to support farmers in combating ginger blight, a disease that threatens one of Nigeria’s major agricultural exports. According to Fredrick Nwabufo, Special Assistant on Public Engagement
We must make agric attractive, innovative for young people – Sanwo-olu
Lagos State First Lady, Ibijoke Sanwo-Olu, emphasized the importance of making agriculture attractive, innovative, and sustainable for the youth, calling on all government levels to take action. This statement was made during the Lagos Agric
