Agric

FG targets $500m import savings with new palm oil estates

The Federal Government has unveiled a coordinated plan to revive Nigeria’s palm oil industry, aiming to cut import bills by up to $500 million annually through a public-private investment model built on large-scale estates and downstream processing.
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Agriculture: Returning to boost Nigeria’s economy

AGRICULTURE used to be the mainstay of the Nigerian economy. But as oil revenue increased, successive governments out of lack of leadership vision ignored this economic multiplier until President Goodluck Jonathan made it a top priority of his government. Happily government’s agricultural programmes have recorded appreciable gains that can easily ensure self-sufficiency in food production and possibly economic stability in the face of dwindling oil price.

AGRIFEST’15: Nigerian Farmers celebrate new dawn

The demand for High Quality Cassava Flour (HQCF) for cassava bread is driving a 520% expansion in cassava processing in the country in the last three years. From just one medium-sized factory and three functional small High Quality Cassava Flour (HQCF) Mills, in 2011, there are today nine medium-sized mills, either fully functional or at advanced stages of planning, and 40 small HQCF mills.

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