Posts Tagged: #NigerianEconomy
AfDB Calls For Enhanced Local Production As Nigeria Spent $10bn On Food Imports In 2023
The African Development Bank (AfDB), through its Senior Special Adviser to the President on Industrialisation, Prof. Banji Oyelaran-Oyeyinka, underscored the critical need for Nigeria to address its $10 billion food import bill. Speaking at the
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
FG Targets Rice, Maize, Others, For Year-round Cropping
The federal government aims to enhance food production by promoting year-round cropping in both dry and wet seasons, as stated by Agriculture and Food Security Minister Sen. Abubakar Kyari in Abuja. Targeting staple crops like
Why Nigeria’s Cotton Production Suffers Setback – NACOTAN
Cotton, historically vital to Nigeria’s economy, has faced decline due to factors like inadequate support, financial constraints, and ginnery closures. This has led farmers to switch to other crops, causing loss of income and increased
Cocoa: How Nigeria can overtake Ivory Coast, Ghana before 2026
Nigeria has the potential to double its premium cocoa bean production and surpass Ivory Coast and Ghana by 2026, provided smallholder farmers receive support from cocoa-producing state governments to implement year-round irrigation nationwide. Currently ranked
Poultry farmers lament loss of N3trn investments to prevailing harsh economy
Poultry farmers from the Poultry Association of Nigeria (PAN), Lagos State chapter, revealed substantial losses exceeding N3 trillion in 2023, citing severe economic conditions. Chairman Mojeed Iyiola attributed the crisis to widespread closures of poultry
