May 2023

The candle production market in Nigeria

1. IntroductionThe candle production market in Nigeria plays a vital role in meeting the country’s lighting and decorative needs. Candles are widely used in homes, religious ceremonies, events, and as gift items. This market overview provides insights into the candle production industry in Nigeria, including market size, key players, production process, market trends, and growth …

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The Edo State Ministry of Agriculture and Food Security yesterday commenced the distribution of inputs to farmers in the state for the 2023 farming season.

The state Functioning Permanent Secretary,  Mr. Sunday Erhunmwonsere, who flagged off the distribution in Benin-city, the capital of the state, on behalf of the state government, said the distribution situated the government plans to ensure food security and create awareness on the various government interventions in the state.He noted that the distribution of inputs was …

The Edo State Ministry of Agriculture and Food Security yesterday commenced the distribution of inputs to farmers in the state for the 2023 farming season. Read More »

Oil Production Climbed To 1.5m Barrels, GDP Dropped In Q1 2023 – NBS

Faruk Shuaibu | Daily Trust Nigeria’s oil production of crude oil has increased to an average of 1.51m barrels per day in the first quarter of 2023, the National Bureau of Statistics (NBS) has disclosed.The report titled Nigeria Gross Domestic Product Report Q1 2023 disclosed that oil production in the country moved above 1.m barrel …

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Daniel Oseni Invents ‘Cooling System’ For Tomato Farmers In Rural Nigeria

Bizwatch NigeriaAs a boy growing up in an average African home, Daniel Oseni was exposed to various African dishes prepared with tomatoes. In his words, “Purchasing these tomatoes was a nightmare because they easily got spoilt because the sellers didn’t have a proper preservation and storage system.” Interestingly, Nigeria is the 14th largest tomato producer …

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Fuel subsidy and the daily petrol consumption rate in Nigeria

How much petrol is consumed daily in Nigeria? The NNPCL and The National Bureau of Statistics (NBS) do not know. Neither does the Ministry of Petroleum Resources nor the Ministry of Finance. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) does not know. Nobody in the Nigerian government seems to know how much petrol …

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Nigeria spent $74.39 billion on fuel subsidies between 2005 to 2021- NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that Nigeria spent $74.39 billion on fuel subsidies between 2005 and 2021.NEITI commends President Bola Tinubu’s declaration on subsidy removal and urges the government to implement the findings and recommendations in NEITI reports.The subsidy regime has imposed a significant financial burden on the Nigerian economy, and …

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France, Kwara sign MoU on agriculture, culture

The French Minister of State for Development, Francophonie and International Partnerships, Mrs Chrysoula Zacharopoulou, accompanied by Head of the European Union Delegation to Nigeria,H.E. Samuela Isopi, visited Ilorin on May 30, to mark the growing cooperation of France with Kwara State in agriculture and culture, According to the statement made available to The Guardian yesterday, …

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In President Bola Ahmed Tinubu’s inaugural address on May 29, 2023, he touched upon several key areas related to agriculture in Nigeria. Here are the excerpts that deal with agriculture and related sectors:

1. Economic Growth and Job Creation:   – The administration targets higher GDP growth and significant reduction in unemployment.   – Budgetary reform stimulating the economy without engendering inflation will be instituted.   – Industrial policy will promote domestic manufacturing and lessen import dependency.   – One million new jobs in the digital economy will be created. 2. Agriculture:  …

In President Bola Ahmed Tinubu’s inaugural address on May 29, 2023, he touched upon several key areas related to agriculture in Nigeria. Here are the excerpts that deal with agriculture and related sectors: Read More »

Nigeria’s Oil Rigs Count Slumps 13.3%, Aligning with Lower Crude Oil Production in April

lEmmanuel Addeh | This Day  Nigeria’s oil rigs count declined 13.3 per cent in April, in tandem with the country’s crude oil underproduction during the month, according to a THISDAY review of the latest data released by the Organisation of Petroleum Exporting Countries (OPEC). The rigs count numbers fell from 15 to 13 during the …

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Potato farming and processing

Introduction Potato farming and processing present significant opportunities for agricultural growth in Nigeria. Potatoes are a versatile and nutritious crop that can be grown in various regions of the country, providing both food security and income generation. With the right support and investment, Nigeria can tap into the potential of potato farming and processing to …

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