Category

Agriculture

Agriculture

Inside the big business of Abakiliki rice farming

Revealing the revenue or earnings alone does not tell the whole story. The reporter tried to identify cost components for Abakiliki rice farmers. Rice farmers who spoke with the reporter identified six to seven items worrying players in Ebonyi.

Agriculture

Buhari, Nigerians Must Return to Farming to Tackle Economic Challenges: Are the Banks Ready to Support?

In his first media appearance of the year, President Buhari reiterated his long-held belief that Nigerians must return to farming in order to address economic challenges. As Buhari-like as this statement may be, the sector’s high growth and export potential make it a viable support mechanism for Nigeria’s macroeconomic and non-oil growth. For example, between January and March 2021, Agriculture contributions made up 22.35 per cent of total GDP.

Agriculture

#ChartoftheDay: Nigeria Milled Rice Production Over 20 years

Rice production in Nigeria has surpassed 5 million tonnes yearly since 2016. In spite of this, only 57 percent of the metric tons of rice consumed in Nigeria each year is produced locally, resulting in a 3 million metric tons deficit that is either imported or smuggled into the country illegally. This is despite the government’s ban on rice imports, which has been in effect since 2019.

Agriculture

#ChartoftheDay: Total Poultry Population by Agricultural Zone in Nigeria

Nigeria has the highest annual egg production and the second-largest chicken population in Africa, according to the Commonwealth Scientific and Industrial Research Organisation (CSIRO). The southern region of Nigeria contributes 57 per cent of total local production, making it the region that contributes the most to Nigerian poultry production.