Nigeria to begin rice export in 2 years – Minister

The Minister of Agriculture and Rural Development, Mr Sabo Nanono, said on Tuesday in Abuja that Nigeria would hopefully begin exporting rice to other countries in the next two years. Nanono hinted this in a statement issued on his behalf by Mr Theodore Ogaziechi, the Director of Information in the ministry. The statement quoted the minister as saying that the border closure by the federal government had resulted in increased output of local rice by...

CBN committed to addressing 1.2m tonnes tomato shortfall – Emefiele

The Central Bank of Nigeria (CBN) is committed to promoting tomato value chain to meet the need of Nigerians and address the shortfall of about 1.2 million tonnes valued at about 2.5billion dollars annually. The CBN Governor, Mr Godwin Emefiele, disclosed this at the Ground-Breaking ceremony of Tomato Jos at Kangimi community in Kaduna on Monday. Tomato Jos is an American owned company aimed to transform smallholder farmer from subsistence growers into commercial producers. The...

Gov. Obiano restates commitment to Anambra Airport road project

Gov. Willie Obiano of Anambra has restated his commitment to the construction of roads leading to the proposed Anambra Airport  at Umueri, Anambra East Local Government Area. Obiano gave the assurance on Friday when he inspected the dual-carriage road leading to the airport from Nteje in Oyi Local Government Area. While commending the level of work, Obiano, who was accompanied by the Commissioner for Works, Mr Marcel Ivejiofor, commended Kanubeen Construction Company Ltd handling the...

Foreign Reserves: CBN not contemplating devaluation of currency

The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the bank is not contemplating devaluation of currency following the drop in the country’s foreign reserves. Emefiele stated this while fielding questions from journalists after the Monetary Policy Committee (MPC) first meeting in 2020 held in Abuja on Friday. He said though, the drop in the Foreign Reserves was noticeable but the apex bank would not make any currency adjustments because of this...

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