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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,…
Nigeria discards roughly 38 million tonnes of food each year, the highest volume of any African nation, according to data disclosed by the European Union during this year’s International Zero Waste Day commemoration in Abuja. The staggering figure has prompted urgent calls from the EU, Federal Government, and United Nations Industrial Development Organisation for…
The World Bank has approved a $500m credit to repair Nigeria’s underperforming agricultural sector. This fresh injection of capital from the International Development Association targets the chronic low productivity that plagues smallholder farmers. Dubbed the AGROW project, the scheme aims to turn subsistence plots into commercially viable businesses. It arrives at a time of deep…
Nigeria spent N51 billion ($34.4 million) on foreign rice in 2024, signaling a sharp reversal of the self-sufficiency gains claimed by the previous administration. Data from UN Comtrade confirms that local rice has become uncompetitive against cheaper imports. High production costs and expensive energy are pricing Nigerian farmers out of their own market. President Bola…
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…
