Nigeria Agriculture

Displaying 49 - 54 of 54

What are the fundamentals behind the government’s Agricultural Transformation Policy?

Holding a loaf of bread in one hand President Goodluck Jonathan extolled the virtues of cassava flour to an assembled audience of journalists and dignitaries at the Federal Executive Council in Abuja in November 2011. Nigerian bakers are being strongly encouraged to bake bread made with up to 40% cassava flour instead of wheat. Leading food...

In the 1960s Nigeria was an agricultural powerhouse. Its warm tropical climate, fertile land and ample water resources provided by the Niger and Benue rivers made it an ideal location to grow a range of crops. By 1961 the country controlled 42% of the global trade in groundnut oil, 27% of the world’s palm oil industry and 18% of its cocoa trade,...

Chapter | Agriculture from The Report: Nigeria 2012

Agriculture makes a significant contribution to the economy, accounting for 40% of GDP at the end of the fourth quarter of 2011 and employing 60% of the population. Sector policy is guided by the Agricultural Transformation Action Plan (ATAP), which aims to diversify the economy and support rural areas while also reducing the cost of food imports. Some $8.3bn is spent on importing staple...
The Central Bank of Nigeria (CBN) has introduced a new initiative that could boost private sector lending to the agriculture industry. The Nigerian Incentive-based Risk-sharing System for Agricultural Lending (NIRSAL) was formally unveiled at a conference in Abuja on July 5-6. The purpose of the CBN-organised event was for stakeholders to gather to discuss the new initiative.
With food security becoming a growing concern worldwide, the Nigerian agriculture sector has recently become the focus of multiple investment programmes. The government is taking a proactive approach to boosting domestic production and has designed a plan to help the nation fulfil its agricultural potential.

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