Posts Tagged: #SustainableGrowth
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
Agric exports lead silent shift in Nigeria’s economy
Nigeria’s economy is undergoing a significant transformation as it moves away from its reliance on oil towards a diversified export base. According to recent data from the Nigerian Export Promotion Council (NEPC), non-oil exports grew
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
Why Nigeria makes low profit from onion trade
The Nigerian Export Promotion Council (NEPC) expressed concern over Nigeria’s low profits from its onion trade, despite being a top producer in Africa. Producing nearly two million tons annually, most onions are sold raw, limiting
From oil to agriculture: How Nigeria can use petroleum revenues to boost food security
Nigeria’s reliance on oil has overshadowed the potential of its agricultural sector, which is crucial for food security and sustainable economic growth. With global shifts toward renewable energy and fluctuating oil prices, it’s urgent for
FCMB, FMO seek agric solutions in Nigeria with agritech hackathon
FCMB and the Dutch Entrepreneurial Development Bank (FMO) are launching an Agritech Hackathon and venture-building program to boost innovation in Nigeria’s agriculture sector. The initiative, run by Heave Ventures, invites startups to tackle challenges like
GHAPP to advance Nigeria’s agricultural technologies – Origin Tech
Samuel Joseph Samuel, Chairman of Origin Tech Group, announced that the Federal Government’s Greener Hope National Agricultural Mechanisation Programme (GHAPP) will enhance agricultural technologies, promote agro-industrialization, and encourage youth involvement in agribusiness. The initiative, targeting
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
Tinubu urged to reverse policy on food importation
Jet FarmsNG urged President Tinubu to reverse the policy suspending duties, tariffs, and taxes on essential food imports, arguing it harms local farmers who face high input costs. CEO Jerry Tobi criticized the uncalculated approach
Tinubu’s food importation policy could destroy Nigeria’s agriculture – Akinwunmi Adesina
Dr. Akinwumi Adesina, President of the African Development Bank, criticized Nigeria’s decision to allow massive food imports, warning it could undermine agriculture and investments. He emphasized the need for Nigeria to boost local food production
