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Agra Innovate brings you exclusive market reports, articles and other relevant free content to keep you up-to-date with the most current topics in West Africa's agriculture industry.
Developing the Agricultural sector via Technology & The Impact on Farmers Livelihood
Agriculture is continuously changing through innovation in science and technology. However, the agriculture industry continues to be called upon to produce more with finite resources. A major way to improve traceability, sustainability, and quality of food to achieve food security is through the adoption of technology. The importance of agriculture as a major sector cannot be overemphasized, agriculture plays a unique role in reducing poverty through the use of new technologies as technology is shaping the world, improving lives, making things easy and transforming the continent.
ECOWAS Countries Policy On Food Imports: Focus On Nigeria
Nigeria is currently Africa's largest producer of oil and relies on the sale of crude oil for about 90% of its foreign-exchange earnings. As a way of diversifying the country's economy and reducing its dependence on oil, policies aimed at stimulating the growth of the agricultural sector have been put forward over the past years. A statement from President Buhari's official account below also says boosting agriculture is a primary focus of the current administration. “We are taking our focus on agriculture to the next level. In our first term, we partnered with Morocco to revive abandoned fertilizer blending plants across the country, and also introduced the Anchor Borrowers’ Program to provide cheap credit to small scale farmers.” - Muhammadu Buhari
Outlook for Agriculture in 2020: Impact of Border Trade on Agribusiness in Nigeria
Boosting agricultural production has been a focus in Nigeria, a net food importer, over the past few decades to spur economic growth in a country that is very dependent on its petroleum exports for revenue. Nigeria spends an average of US $22 billion each year on food imports. Its major food imports include wheat, sugar and fish. Rice import accounts for about US$1.65 billion. Most of the country’s rice is imported from Thailand and India.
Nanono Promises Affordable Rice, Visits Stallion Group’s Mills
The Minister of Agriculture and Rural Development, Alhaji Sabo Nanono, has said Nigeria is ready to achieve self-sufficiency in rice production. He spoke at the weekend when he visited Popular Farm & Mills Limited, a Stallion Group Company, in Kano State, and said that Nigeria has the necessary resources to achieve self-sufficiency in rice production.
By Ejiofor Alike in Lagos and James Emejo, ThisDay Newspapers
NIRSAL Grows Seed Fund to N900 Billion
Nigerian Incentive based Risk Sharing System for Agricultural Lending (NIRSAL), has grown its seed fund to nearly N900billion from N720billion at inception in 2013, the Managing Director and Chief Executive Officer, Aliyu Adulhameed has said. NIRSAL was established to de-risk lending to the Agriculture sector in Nigeria.
By Mathias Okwe in Abuja, Guardian Newspapers Nigeria
How Nigeria can benefit from regional economies
Development Bank of Nigeria, yesterday said for Nigeria to realise the potential benefits of regional integration, there is need to operationalise existing trade agreements that includes provisions to deal with trade barriers and settling trade disputes. Managing Director of Development Bank of Nigeria, Mr. Tony Okpanachi said that for regional integration to be beneficial to the country, raising the growth of the private sector is very key.
By Naomi Uzor, Vanguard Newspapers
The Rubber Value Chain: Limitations and Prospects of Rubber Production in Nigeria
Think of rubber and you probably think of elastic bands, car tires, or pencil erasers. But this super-stretchy material actually finds its way into tens of thousands of different products—everything from rubber stamps and waterproof shoes to surfing wetsuits, swimming caps, and dishwasher hoses. Rubber, which has been commonly used for over 1000 years, once came entirely from natural sources; now rubber products are just as likely to be made artificially in chemical plants.
Ginger: Investment Opportunities Along the Value Chain
Ginger is well known in many human communities around the world. It is the underground rhizome of a perennial tropical crop called Ginger plant (Zingiber officinale). A mature ginger rhizome is fibrous and has a striated texture. The outer skin of the rhizome is brownish in colour while the inner flesh depending on the variety may be red, yellow or white. Nigeria is the third largest producer of ginger in the world with annual production of 345,895 MT after India and China with annual production of 1,070,000 MT and 583,126 MT respectively.
Investment in Agriculture: The Pathway to Economic and Industrial Growth
Agriculture has gone beyond farming; it is now a business that accommodates lots of players, because of the need for food for human consumption, raw materials for industrial growth and jobs for the growing population of our youths. Agriculture is now seen in a different ways, not just to farm to feed the populace but as a business that need to be transformed into a mega business that will generate income and employment, as well bring about food security and foreign exchange for the nation.
The Groundnut Value Chain: Management Practices That Boost Production
Groundnut is a leguminous oilseed crop cultivated in the semi-arid and subtropical regions of the world; it is a member of the genus Arachis in the family leguminosae fabacaea which has replaced the traditional Bambara groundnut (Vigna subterranean) in many areas. Groundnut is usually grown as a smallholder crop in the semi-arid tropics under rain-fed conditions. The total world groundnut output in 2016 was estimated at 43.98 million metric tonnes out of which, Nigeria accounted for about 3.58 million metric tonnes.
The Yam Value Chain: Challenges and Strategies In Overcoming Constraints
Yam (Dioscorea spp) is the second most important tuber crop in the whole world after cassava, in terms of production. They form an important food source in other tropical countries including East Africa, the Caribbean, South America, India and South East Asia. Nigeria is the highest world producer of yam with 47.9 million MT annually with Ghana (7.9 million MT) and Cote d’lvoire (7.1 million MT) as second and third largest producers respectively.
The Poultry Industry - Converting Waste to Gain
Agriculture, though largely under-developed, is the most important sector to the Nigerian economy after oil of which animal production is a very crucial part. Crop and animal Agriculture should be combined together for best results in the economy. Animal products are responsible for one-sixth of the human food energy and also more than one-third of the protein requirement on a global basis. With a growing population of Nigeria, animal production is also expected to grow so as to meet the needs of Nigerians.
Oil Palm Industry: Reviving The Nigerian Oil Palm Economy
Oil palm is a typical crop of the rainy tropical lowlands that requires a deep soil, a relatively stable high temperature and continuous moisture throughout the year. Processing oil palm fruits for edible oil has been practiced in Africa for thousands of years, and the oil produced, highly coloured and flavoured, is an essential ingredient in much of the traditional West African cuisine. Palm oil is largely produced in Akwa-Ibom, Abia, Rivers, Edo, Imo, Ondo, Bayelsa, Cross River and Delta.
Nigeria's Market Outlook For The Agribusiness Sector in 2019
While 2019 was an unusual year, being an election year, more efforts was be required by handlers to put the economy on a sure footing with a view to avoiding a relapse into recession. Agriculture contributed 25.5% to Nigeria nominal GDP in qtr 3 of 2018.The federal government proposed a budget of N8.83 trillion for the 2019 fiscal year. The central bank of Nigeria established the Anchor borrowers programme to create a linkage between anchor companies involved in processing, and smallholder farmers of the required key agricultural commodities.
Cashew Processing and Its Economic Potential
Cashew is a seasonal fruit grown in Kaduna, Abia, Kogi, Enugu, Kwara, Oyo, Niger, Imo, and Abuja FCT Nigeria. Nigeria produces 98,291MT nuts with shell with an approximate average yield of 0.84MT/Ha. It is a succulent one, though it is highly perishable, and is highly sought after in the Nigerian market. Its fleshy pulp and nuts can be eaten and it’s very nutritional as it a good source of protein and contains also selenium, manganese, copper, phosphorus, magnesium, iron and vitamin B6.