By Dare Akogun The World Bank has donated an estimated $12bn, almost half of which was disbursed to Africa, to help the recipient countries deal with food shortages. In a recent study titled “Food Security Update | World Bank Response to Increasing Food Insecurity,” the bank noted that domestic food costs remained high across the world, particularly in low and

By Toyin Ayinde The United Nation’s Food and Agriculture Organization, FAO, has said that more than 25 million Nigerians will likely face acute food insecurity this year, higher than the 19.5 million projected for last year. The organization also said the impact will be most felt between June and August and will be caused by continuing conflict in northern regions

By Dare Akogun The Central Bank of Nigeria has said that the total loan repayments under the Anchor Borrowers’ Programme (ABP) stood at 52 percent in February. The CBN was speaking in reaction to a report by the International Monetary Fund (IMF) which claimed that only 24 percent of loans disbursed under the ABP had been repaid. In its recent

By Toheeb Omotayo Former President Olusegun Obasanjo has blamed political leaders over Nigeria’s inability to attain self-sufficiency in food production. He said the political leaders are the ones responsible for food crisis in the country and not the farmers. He made the assertion on Sunday at a lecture organised to mark his 86th birthday in Abeokuta, Ogun State. Obasanjo expressed

By Dare Akogun   Experts have identified poor agricultural practices, which reduce factory output and hurt revenue targets as the major factor affecting the success of Nigeria’s agro-allied industries. This was the position at a one day Agri-bussines & Food summit in Ilorin the Kwara of the bad agricultural practices hurting manufacturing companies is poor handling of farm produce and

By Dare Akogun As part of its quest in improving internally generated revenue and food sufficiency, the Kwara state government has directed all the 16 local government administrations in the state to embark on agro- allied ventures. The state commissioner for local government, chieftaincy affairs and community development, Hon. Aliyu Kora-Sabi rolled out the measures in Omu-Aran, Irepodun local government