Belfrites Opens New Food Factory To Boost Economy
Belfrites, an indigenous company that produces French fries, has opened in the Ikorodu, Lagos State in an effort to expand the local market and...
Surging Food Prices Continue Driving Revenue Growth, Global Food Industry To Hit $10T Value By 2024
Global food prices have surged 65% since the start of the Covid-19 pandemic and by 12% this year alone, according to data from the...
Nigerians Consume N599.11bn Worth Of Beer In 6 Months
According to the first quarter results of four of the country's major brewers, Nigerians consumed beer worth N599.11 billion in six months, specifically from...
Nigeria Imports $3.49bn Seafoods, Dairy Produces, others
Mohammed Mahmood, the country's minister of agriculture and rural development, recently said in a speech at the African Union's Internal Coordination Meeting that the...
Bakers Give Conditions To Reduce Bread Prices
Bakers under the auspices of the Premium Breadmakers Association of Nigeria (PBAN), have revealed that the government needs to ensure that the duty millers pay...
Lagos Begins Construction Of Food, Logistic Hub To Boost Food Supply
On Wednesday, Governor Babajide Sanwo-Olu turned the sod at the construction site of the facility in Ketu-Ereyun, Epe, which is being erected on 1.2...
Lagos State Sets 40% Food Production Self-Sufficiency By 2025
By 2025, the state government intends to produce 40% of its own food, according to Dr. Rotimi Fashola, special adviser to the governor of...
How FX Shortage, Customs Arbitrary Import Pricing is Crippling Manufacturing and Enabling Food Insecurity
The Nigeria Customs’ recent switch to using an arbitrary valuation method to determine duty charges at the ports is generating a lot of controversy,...
262 Nigerian Farmers Receive N82.4m Grant From USAID
The sum of N82.4 million has been distributed to 262 smallholder farmers as part of the Feed the Future Nigeria Rural Resilience initiative, which...
World Bank Donates $315m For Food Security In West Africa
The World Bank has increased its funding for food security by $315 million in order to increase the agricultural systems' adaptability in West Africa.
A second phase of the West Africa regional Food Systems Resilience Program (FSRP-2) that was authorized with funding from the International Development Association (IDA) would benefit an extra two million people, according to a statement taken from the organization's website.According to the Development Finance Institution (DFI), FSRP-2 will help Chad, Ghana, and Sierra Leonestrengthen their defenses against food insecurity and strengthen the resilience of their food systems.
The DFI emphasized that the initiative comes at a time when 38.3 million people in West Africa are expected to be experiencing a food security crisis.
According to World Bank, across the targeted areas in the three countries, FSRP-2 would help to reduce food insecure people by 25...
US Commits $55m To Funding Nigeria’s Food Security
The United States has pledged an additional $55 million to address food security for all Nigerians. According to a statement issued by the US...
Lagos, Other States To Face Acute Food Shortage – Shawulu
Lagos has been identified to be among 18 other Nigerian states that would experience an acute food shortage in the course of the year...
