Agriculture business news nigeria

Here are some recent agriculture business news from Nigeria:

  1. Nigeria's Agricultural Sector Records 3.54% Growth in Q1 2022: The National Bureau of Statistics (NBS) has reported that Nigeria's agricultural sector grew by 3.54% in the first quarter of 2022, driven by increased production of crops such as rice, maize, and soybeans. (Source: NBS)
  2. FG Launches N100bn Agriculture Credit Scheme: The Federal Government has launched a N100 billion agriculture credit scheme to support small-scale farmers and agricultural businesses in Nigeria. The scheme is aimed at increasing agricultural production and reducing the country's reliance on imported food. (Source: Vanguard)
  3. Nigeria's Cassava Production Hits 54.4 Million Metric Tons in 2021: The National Root Crops Research Institute (NRCRI) has reported that Nigeria's cassava production reached 54.4 million metric tons in 2021, making it the country's largest staple crop. (Source: NRCRI)
  4. AgricTech Startup, Farmcrowdy, Secures $1.1m Funding: Farmcrowdy, a Nigerian agritech startup, has secured $1.1 million in funding from investors to expand its operations and improve its platform for farmers and agricultural businesses. (Source: Techpoint)
  5. Nigeria's Agricultural Exports Reach N1.3 Trillion in 2021: The Nigerian Export Promotion Council (NEPC) has reported that the country's agricultural exports reached N1.3 trillion in 2021, driven by increased exports of products such as cocoa, sesame seeds, and cashews. (Source: NEPC)
  6. FG Launches N500bn Agricultural Development Fund: The Federal Government has launched a N500 billion agricultural development fund to support agricultural development and improve food security in Nigeria. The fund will be used to finance agricultural projects and provide credit to farmers. (Source: ThisDay)
  7. Nigeria's Rice Production Reaches 6.3 Million Metric Tons in 2021: The National Agricultural Research Institute (NARI) has reported that Nigeria's rice production reached 6.3 million metric tons in 2021, driven by increased production in states such as Kebbi, Jigawa, and Kano. (Source: NARI)
  8. AgricTech Startup, ThriveAgric, Secures $2.5m Funding: ThriveAgric, a Nigerian agritech startup, has secured $2.5 million in funding from investors to expand its operations and improve its platform for farmers and agricultural businesses. (Source: Techpoint)
  9. Nigeria's Agricultural Sector to Create 3.5 Million Jobs by 2025: The Federal Ministry of Agriculture and Rural Development has projected that the agricultural sector will create 3.5 million jobs by 2025, driven by increased investment and growth in the sector. (Source: Vanguard)
  10. FG Launches N20bn Agricultural Insurance Scheme: The Federal Government has launched a N20 billion agricultural insurance scheme to protect farmers against crop losses and other risks. The scheme is aimed at increasing agricultural production and reducing the country's reliance on imported food. (Source: ThisDay)

These are just a few examples of the latest agriculture business news from Nigeria. The country's agricultural sector is a significant contributor to its economy and is expected to continue to play a key role in the country's development.