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Author: Queenie

Queenie , the Founder of Agrotech Africa Media. She is an agribusiness developer and social entrepreneur. Agrotech Africa Media is an online agribusiness platform that exposes the opportunities in agribusiness for youth to seize. Agrotech Africa Media platform supports key stakeholders in agriculture to stay abreast with the latest development in the field of agriculture. Looking for tips and opportunities in agribusiness ... this is the right platform for all your agribusiness needs!!! Stay Connected Today!!!
World food prices rise in February – FAO .

World food prices rise in February – FAO .

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The United Nations food agency, Food and Agriculture Organization’s (FAO) has said the world food prices rose in February, lifted in part by a jump in dairy prices. This is according to the FAO food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 167.5 points last month, up 1.7 percent on January. Despite the rise, the index was still 2.3 percent below its level of this time last year. The FAO dairy price index jumped 5.6 percent from January’s value, driven by strong import demand for skim milk powder, whole milk powder and cheese. FAO’s vegetable oil price index rose 1.8 percent from the previous month, while its sugar index rose 1.2 percent and its cereal index made marginal gains on January. The meat p
CBN to issue agric, SME loans at 5% .

CBN to issue agric, SME loans at 5% .

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The Central Bank of Nigeria (CBN), says it will issue loans at five per cent and with no collateral to Small and Medium Enterprises (SMEs) through the NIRSAL Micro Finance Bank (MFB). According to The CBN Governor, Mr Godwin Emefiele, he said this at the tour of the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) MFB in Gwagwalada, a satellite town in Abuja. Based on his statement he said the loan would be issued under the Agri-Business Small and Medium Enterprises Investment Scheme (AGSMEIS), an initiative of the Banker’s Committee. Emefiele said the loan would run for tenure of seven years with two years moratorium. He said that the fund, made up of five per cent Profit After Tax (PAT) from Deposit Money Bank’s (DMBs), was being set aside to sup
TAAT holds annual review meeting in Bénin .

TAAT holds annual review meeting in Bénin .

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Technologies for African Agricultural Transformation (TAAT) has convened a high-level partnership meeting to review its activities in 2018 and plan for the 2019 year. The meeting which kicked off at the Benin Marina Hotel, in Cotonou, Benin Republic, will bring together ministerial level government representatives and experts from the government of Benin, African Development Bank (AfDB), International Institute of Tropical Agriculture (IITA) and the other implementing agencies of the TAAT program, and Coordinators of TAAT Compacts. The meeting is expected to assess and review 2018 work plan viz successes, challenges, roles and activities; discuss 2019 work plan and implementation guideline; explore emerging pathways for scaling up adoption of TAAT technologies, based on the concepts...
Traders want urgent review of agric budget over ambiguities .

Traders want urgent review of agric budget over ambiguities .

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The National Association of Nigerian Traders (NANTS) has called for the immediate review of the 2019 proposed budget for the agricultural sector due to ambiguities and ‘opaque items’ contained therein. President of the association, Mr Ken Ukaoha, said yesterday in Abuja that apart from the inconsistencies, the N137.9bn allocation for agriculture in the N8.8trn 2019 budget proposal is too low for any meaningful development in the sector. He was speaking at the “Validation of analysis of the 2019 proposed budget for the Agriculture sector and its contribution to food security” organised by NANTS. He, however, commended the present administration for succeeding, to a certain extent, in ensuring that extra-budgetary investments from sources like the Central Bank of Nigeria (CBN) An
Nigerian National Petroleum Corporation (NNPC) to build power, fertilizer plants .

Nigerian National Petroleum Corporation (NNPC) to build power, fertilizer plants .

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The Nigerian National Petroleum Corporation (NNPC) says it will build three  Independent Power Plants (IPP) with a combined capacity of 4,000 megawatts of electricity in Abuja, Kaduna and Kano states. That was according to it’s spokesman, Mr. Ndu Ughamadu, who issued the statement in Abuja. It also said the NNPC plans to set up a fertilizer plant in Brass, Bayelsa State, to boost agriculture in the South-South and other regions of the country. The Chief Operating Officer, Gas and Power of the corporation, Mr. Saidu Mohammed, said that the planned power projects would be driven by the coming on stream of the NNPC Power subsidiary, Gas and Power Investment Company (GPIC). Mohammed who spoke at the inaugural board meeting of the GPIC, said the company would help the N
Maize Association of Nigeria flags off loan repayment in Katsina .

Maize Association of Nigeria flags off loan repayment in Katsina .

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The Maize Association of Nigeria (MAAN) has flagged off repayment of the 3 Billion Naira loan it accessed in Katsina state through the Central Bank of Nigeria Anchor Borrowers programme as reported by Voice of Nigeria. This is to ensure that farmers are able to access more loans in the future for improved production. The event which took place in Daura Local Government area of Katsina state North- West Nigeria saw farmers repaying their loans with part of their yields worth. The National President of Maize Association of Nigeria Mr. Bello Abubakar urged beneficiaries of the loan to promptly pay up as the association will not spare any member who defaults in the loan repayment. “I want to use this opportunity to call on beneficiaries of this programme to quickly summit their
Expert identifies snail farming as a money-spinning business .

Expert identifies snail farming as a money-spinning business .

Snail Farming
According to Ossai Iyore , a Snail Farmer who described Snail farming as a money-spinning business for prospective farmers if properly developed, at Ekiosa market in Benin. Iyore told the News Agency of Nigeria (NAN) on Tuesday in Benin that“` snails are the most common livestock to train”. According to her, the snail is one of the most prolific domestic animals as it can lay between four and 10 eggs which also become mature snails. “Snails handpicked from the bush (usually in the dead of the night) have been the only way to get snails to the market and dinner table. “As Nigeria’s population explodes and our forests continue to be sacrificed to build cities, the (bush) supply of snails cannot keep up with the soaring demand. “This has created an opportunity in the market
How to Start Snail Farming Business.

How to Start Snail Farming Business.

Snail Farming
I will be sharing with you some basic steps on how to start snail farming, make steady profit from snail farming business and the opportunity that abound in exporting snail outside the country for greater profit. Snail Farming (Heliculture): Snail Farming Is the process of rearing snail for human consumption and other purposes either on a small scale or large scale. Snail farming is one of the untapped money spinning ventures when compared to other forms of agribusiness. Snail Farming happens to be one of the most neglected farming in Africa as a result of ignorance, as Africans are yet to exploit full potentials of Snail Farming business on subsistence and commercial level. Some sources suggest that, globally , the snail industry represents more than USD 12 billion , wi...
Traders’ Organisation Lauds FG Green Imperative.

Traders’ Organisation Lauds FG Green Imperative.

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The Valued Chain Traders Organisation of Nigeria (VACTON) has commended the Federal Government over the launch of Nigerian-Brazilian Green Imperative initiative, describing it as veritable venture. According to Amb. (Dr) Ralph John, the National President of the association, who gave the commendation, noted that the Federal Government’s efforts to increase agricultural cultivation through mechanised farming will improve productivity and create employment. The VACTON presidents said though small scale farmers in Nigeria are still faced with low mechanisation and lack the use of best practices in management, resulting in very low productivity, they produce crops such as rice, cassava, yam and palm oil, among others that sustain the country’s population. Dr. John said wit
Fall Armyworm: Experts want action to achieve food security .

Fall Armyworm: Experts want action to achieve food security .

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African governments should adopt robust measures to eradicate fall armyworm that is ravaging key staples like maize and threatening food security in the continent, experts said on Tuesday as reported by VON. This was made known by Monica Kansiime, Agricultural Economist at Centre for Agriculture and Bioscience International (CABI),at a workshop held in the Kenyan coastal city of Mombasa Kansiime said the voracious pest had undermined efforts to eliminate hunger and malnutrition among African households. “There is the need for a more systematic approach against all invasive pest species in the continent to save farmers from making losses,’’ Kansiime said. She urged governments and industry to support training, awareness and deployment of innovations that were require