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Daily Trust reports that the release of maize to the companies, which is the third of such releases, is also intended to check the activities of middlemen aimed at hoarding the product and causing artificial scarcity. The CBN listed recipients of the grains to include Premier Flour Mills, Crown-Olam, Grand Cereals, Animal Care, Amobyn and Hybrid Feeds. Others include Obasanjo Farms, Zartech, Wacot, Sayeed Farms, Pandagri Novum and Premium Farms. Confirming this, CBN spokesman, Osita Nwanisobi, said the release would crash the price of maize, reduce pressure on the market, and make the product...

SPECIAL REPORT: Despite huge spending over decades, Nigeria unable to produce enough cassava Farmers, experts and data explain why cassava, one of Nigeria’s most iconic foods, perennially remains insufficient and expensive. Grace Ebit, a farmer in Ibogo, Biase Local Government Area of Cross River State, recalls her childhood with nostalgia. After her father lost his job in the mid-1960s, she dropped out of school and the family struggled to get food. Her distraught father began to grow cassava and processed garri. That became the turning point. “The business became big to the extent that...

Taiwo Ojoye Published 23 June 2021The Central Bank of Nigeria and the Rice farmers Association of Nigeria have concluded plans to distribute 27,000 metric tonnes of rice paddies directly to millers nationwide on Thursday, to renew their move to address the rising cost of food prices in the Nigerian market.A statement from the CBN on Tuesday said the direct allocation from RIFAN warehouses across 16 states of the federation was sequel to the...

Despite the seeming lack of cohesion on the part of government policies and implementation, the hype ‘to return to agriculture’ is encouraging a lot of private effort and collaboration in the agricultural sector of the economy. It has also increased the level of farming activities at the grassroots and local communities thereby increasing the demand […]

The administration has done marginally better in terms of agriculture contribution to GDP.