Stakeholders Urge Support for Farmers to Boost Rice, Wheat Production

http://www.agronewsng.com/news/stakeholders-urge-support-for-farmers-to-boost-rice-wheat-production/

Abuja, July 3, 2016 (NAN) Stakeholders in rice and wheat production in some of the North Eastern states have urged government at all levels to give adequate support to farmers to enable them boost their production.

They told the News Agency of Nigeria (NAN) in separate interviews that rice and wheat farmers in the country had the potential to feed the country and export same if given the necessary support.

Malam Aminu Maiwada, a rice farmer in Gashua town of Yobe said that most states in the country had areas that were suitable for rice production.

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Cc;
Lalasticlala

http://www.agronewsng.com/articles/investing-in-agriculture-way-out-of-current-economic-challenges-in-the-country/

We are faced with realities that oil cannot do it alone anymore, going by the current oil price. It is evident that Nigeria does not produce oil directly. We do it through joint venture patterns like Exxon Mobil, Shell, Chevron, and Agip.

Their production cost per Barrel is about $20, after deducting production cost, the profits are then shared 60: 40 between Nigeria and the oil major. At $100/ barrel, with a production cost of $20/ barrel; the gross profit left the oil companies deduct their cost by $80 per barrel, which would then be split between the companies and Nigeria at 60: 40 ratio.

This means that at $100 per barrel Nigeria gets about $48/ barrel (60% of the $80 gross profit per barrel) which translates to about $40 billion per year. At the current oil price of $30 per barrel, the gross profit is only $10 per barrel after deducting the $ 20 per barrel production cost. Remember that Nigeria takes only 60% of the gross profit.



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http://www.agronewsng.com/news/africa-spends-35bn-yearly-on-food-importation-says-ifad-president/

Africa Spends $35bn Yearly On Food Importation, Says IFAD President

Mr Kanayo Nwanze, the President, International Fund for Agricultural Development (IFAD), says Africa spends $35 billion a year on food importation.

This is contained in a statement issued by the IFAD and made available to the newsmen on Monday in Abuja.

The statement quoted Nwanze as making the disclosure at the opening of a three-day African Union-European Union Conference of Ministers of Agriculture, tagged: “Investing in a Food Secure Future.’’

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http://www.agronewsng.com/news/bio-fortified-cotton-can-revamp-moribond-textile-industries-in-nigeria-biosafety-agency/

Bio-Fortified Cotton Can Revamp Moribond Textile Industries In Nigeria – Biosafety Agency

The National Biotechnology Development Agency said in Abuja on Wednesday that genetically modified cotton has the potential to revamp the country’s moribund textile industries.

The Director-General of the agency, Prof. Lucy Ogbadu, said this at a sensitisation workshop on Genetically Modified Organisms (GMOs), organised by the National Biosafety Management Agency (NBMA) for stakeholders.

She expressed regret that the textile industry, which was the second largest employer of labour in the 1960s, had gone moribund due to susceptible insect attacks on cotton plants.

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http://www.agronewsng.com/news/nigerias-shea-butter-production-receives-eu-support/

Nigeria’s Shea Butter Production Receives EU Support

Nigeria’s shea butter production has received the support of the European Union.

A statement from the Standards Organisation of Nigeria indicated that the European Union through its expert on Technical Barriers to Trade, African Caribbean and Pacific countries’ programme, had started plans to equip Nigerian women with the requisite skills and support to boost shea butter production.

According to the organisation, Nigerian agricultural and allied products now have a major boost in regional and international markets following a recent harmonisation of standards exercise carried out by the Africa Regional Organisation for Standardisation.

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http://www.agronewsng.com/articles/innovation-key-to-success-in-agriculture/

Innovation Key To Success in Agriculture

Agriculture is the current rave in Nigeria. Just like in yesteryears when entrepreneurship became a fad because people could not readily get white collar employment; the shocking slide in oil revenues and the uncertainties it has meted on government contractors, suppliers, traders and the services industry now compels many to venture into agricultural production; with government sophistry leading the pack.

However, it is important to note that agriculture is not a new idea; it has always been with us. That was practically all our forefathers did. In the sixties, it was a significant contributor to income from exports and it is interesting to note that Nigeria is still profiled as an agrarian country with over 60 per cent of its people engaged in agriculture.

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http://www.agronewsng.com/news/afdb-votes-175m-for-agric-transformation-of-nwest-nigeria/

AfDB Votes $175m For Agric Transformation Of N/West Nigeria

As instrument for consolidating its investments in the Nigerian agriculture sector, the African Development Bank (AfDB) has set aside the sum of $175 million for its Agricultural Transformation Agenda Support Programme (ATASP-I) in Nigeria’s north-western states.

The country director, AfDB, Dr Ousmane Dore, made this disclosure at a meeting with the leadership of the North West region at the Kaduna State Government House.

Dore disclosed that the meeting reviewed the bank’s agriculture development strategy for the region, and also its ongoing and upcoming interventions in agriculture in Nigeria as they relate to the seven North West states.

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