Posts Tagged: #NigeriaEconomy
Investor confidence lifts agro-sector to N30.5tn output
According to the National Bureau of Statistics, Nigeria’s agricultural sector recorded a growth rate of 3.79% in the third quarter of 2025, contributing a substantial N30.5 trillion in nominal terms to the nation’s Gross Domestic
FG revives cassava flour policy
The Federal Government has revived the cassava flour inclusion policy, mandating that 20 per cent cassava flour be blended into all wheat-based products, particularly bread and confectioneries. According to the News Agency of Nigeria (NAN),
FG urges shift from subsistence to industrial agriculture
The Federal Government of Nigeria has reaffirmed its commitment to transforming the nation’s agriculture sector from a subsistence-based system into a fully industrialized agribusiness sector that drives economic growth and food security. This was 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
FG, ACCI woo investors for agricultural revolution
Agriculture is rapidly gaining attention within Nigeria as the country looks to solidify its economic foundation beyond oil. The Federal Government recently called on local and international stakeholders to leverage Nigeria’s agricultural potential by investing
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.
Mechanised agriculture way out for Nigeria
Nigeria’s longstanding food insecurity and economic challenges underscore the need for mechanised agriculture. With population growth outpacing traditional farming’s capacity, experts propose mechanisation as a way to increase food production, reduce reliance on imports, and
Non-oil exports, agribusiness to headline Kano trade fair – KACCIMA
The Kano Chamber of Commerce, Mines, Industry, and Agriculture (KACCIMA) has finalized plans for the 45th edition of the Kano International Trade Fair, scheduled to take place from November 23 to December 7, 2024. This
Nigeria’s agricultural crisis: A threat to economic stability
Nigeria’s heavy reliance on crude oil continues to hinder its economic diversification efforts, leaving the country vulnerable to global market fluctuations. Agriculture, once a key driver of the economy, remains largely untapped due to insecurity
Agriculture led company income tax with 474.50% in Q2 2024 – NBS report
Nigeria’s agricultural sector led the growth in Company Income Tax (CIT) during Q2 2024, with a 474.50% quarter-on-quarter increase, according to the National Bureau of Statistics. Total CIT for Q2 2024 stood at N2.47tn, up
