The Lagos Rice Mill, the largest in Sub-Saharan Africa and fourth largest in the world will create close to 250,000 direct and indirect jobs producing 2.8million bags of 50kg rice per annum.
Opportunity: Nigeria is the fifth largest producer in the billion dollars cashew nuts industry, however, only 10% of his products are processed locally.
Africans have been urged to eat what they produce as well as export the surplus, embrace innovative policies while African leaders should demonstrate the political will and re-commit themselves to the transformation of agriculture on the continent.
Amidst drylands, droughts and shortage of water on farmlands, All Farmers Association of Nigeria, AFAN and Federation of Agricultural Commodity Association of Nigeria, FACAN have recommended the need for irrigation facilities to enable them produce all-year-round.
$538.05m was given to the Federal Government of Nigeria by the African Development Bank, the Islamic Development Bank, and the International Fund for Agricultural Development for Special Agro-Industrial Processing Zones for Nigeria programme.
Nigeria was also part of the countries that signed the Maputo agreement but it seems there’s a derivation from the document, an expert had caution. Find out about details of the Mozambique event here
Palm oil industry is still yet to be fully tapped in Africa. Experts have called for more investments in palm oil farming. Here’s how to make money in farming.
