Posts Tagged: #LocalProduction
Why Cavista Holdings’ investment in Matna Foods matters for Nigeria’s cassava economy
The acquisition of Matna Foods Company Limited by Agbeyewa Industries Limited, an agribusiness subsidiary of Cavista Holdings, marks a significant shift in Nigeria’s cassava value chain, targeting long-standing gaps in production, processing and industrial utilisation.
Food prices drop in Ogun, Oyo, Kwara, say stakeholders
Food and agriculture stakeholders across Ogun, Oyo, and Kwara States have welcomed the ongoing decline in food prices, attributing the improvement to recent Federal Government policies and market interventions. A market survey conducted by the
World Food Day: Sanwo-Olu announces 10% discount on Eko Rice
As part of activities marking the 2025 World Food Day, Lagos State Governor Babajide Sanwo-Olu has announced a 10% discount on Eko Rice and Eko Rice Classic — an initiative designed to make locally produced
Farmers seek sustainability of restrictions on importation of poultry products
The Poultry Association of Nigeria (PAN) has urged the Federal Government to uphold its current import restriction policies on frozen poultry products and table eggs, emphasizing the need to protect local poultry farmers and the
Dangote, BUA, Flour Mills raise investments by 30% on opportunities
Leading manufacturers in Nigeria, including Dangote Group, BUA Group, and Flour Mills of Nigeria, raised their investments by nearly 30% in the first half of 2024. The Manufacturers Association of Nigeria (MAN) reported that investment
Food inflation: Seven imported wheat vessels arrive Nigeria
Nigeria is set to receive approximately 688,793 metric tonnes of bulk wheat, with shipments distributed across key ports, including Apapa and Tincan in Lagos, Calabar in Cross River State, and Rivers Port in Rivers State.
Increasing local production should be center of economic policies – Ambode
Former Lagos State Governor Akinwunmi Ambode emphasized that boosting local production is crucial for reducing foreign exchange rates and addressing economic challenges. Speaking at Saint Racheal’s 2024 Leadership and Economic Summit, he noted Nigeria’s potential
Fuel, foods lead as imports hit N12tn
In Q1 2024, Nigeria’s imports surged to N12.64tn, a 39.65% increase from Q4 2023 and a 95.53% rise from Q1 2023, driven by refined petroleum products and agricultural goods. Major trading partners included China, India,
Crayfish Consumption Declines In Cross River Over Scarcity, High Cost
The price of crayfish has surged to N200,000 from N120,000–N150,000, leading to reduced purchasing power among dealers. A bucket now costs between N6,000 and N6,500, up from N2,500 previously, with smaller measures at N500–N200. Fishermen
Soap Noodles: Nigeria Can Save N17bn Using Palm, Coconut Oil, Others — RMRDC
“In 2022, Nigeria imported 35,811 metric tonnes of soap noodles, costing around N17 billion. The Raw Material Research and Development Council (RMRDC) aims to reduce these imports by encouraging domestic production. Soap noodles, made by
