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The United States has formally reactivated its Export Credit Guarantee Program (GSM-102) to deepen agricultural trade ties with Nigeria. The initiative, managed by the U.S. Department of Agriculture, provides essential credit guarantees to Nigerian banks and importers, reducing the risk associated with purchasing U.S. agricultural inputs. This move marks a strategic shift in U.S. diplomatic…
A sharp concentration of global hunger is placing Nigeria at the centre of a worsening food crisis, with new data showing that a significant share of the world’s most food-insecure populations are clustered in a small group of countries affected by conflict and economic shocks. The latest Global Report on Food Crises, compiled by…
The Cocoa and Coffee Farmers Alliance Association of Africa has revealed that the continent captures less than 10 per cent of the estimated 120 billion global chocolate market, even though African farmers produce approximately 70 per cent of the world’s cocoa beans. The disclosure underscores persistent structural inequities in the global cocoa value chain,…
Recently, in response to the rising cost of food in the market, the Lagos State Government launched a five-year plan that will enhance food sufficiency in the state. The State Governor, Babajide Sanwo-Olu, says the road map will give Lagos comparative advantages in the sector and enhance self-sufficiency in food production from the current 18…
For those who are frequent market-goers, especially in cities in Southern Nigeria, it is no news that the prices of foodstuffs have more than tripled. As Nigerians struggle to come to terms with these new harsh economic realities, the Amalgamated Union of Foodstuffs and Cattle Dealers of Nigeria decided to raise the tempo to a…
