In a bid to transform Nigeria’s sugar industry and meet the nation’s sweet cravings sustainably, Dangote Sugar Refinery Plc (DSR) has set its sights on an ambitious goal. The production of 700,000 metric tons of refined sugar within the next 4 years through its Backward Integration Programme. Aliko Dangote, the…
Author: Victor Olusola Olanihun
Victor Olusola Olanihun
Super-excited about the melting pot of agribusiness, finance, international development, MSMEs and sustainability
In a bid to foster economic growth and empower small businesses, Rivers State Governor, Sir. Siminalayi Fubara, recently unveiled a groundbreaking N4 billion loan scheme. The initiative is a collaboration with the Bank of Industry (BOI). The programme aims to breathe life into the entrepreneurial dreams of business owners across…
In a groundbreaking move on Sunday, Governor Bassey Otu of Cross River State officially inaugurated a massive 50,000-hectare rice farm in Ndok, situated within the Ogoja Local Government Area (LGA). Supported by an innovative credit scheme, the State Government is injecting N150 million monthly into agricultural development initiatives. This signals…
Nigeria’s Senate President, Godswill Akpabio, has promised to get the nation a part of the Inter-Parliamentary Union’s (IPU) $30billion climate change budget. The Senate President is an executive member of the union and plans to take this up during the IPU’s session at the upcoming 28th Conference of Parties (COP) in Dubai,…
The African Development Bank Group (AfDB) is partnering with the African Guarantee Fund (AGF) to reduce the $42 billion Small and Medium Enterprises (SMEs) funding gap in Africa. AfDB’s Director General of Nigeria Country Department Mr. Lamin Barrow, disclosed this at the start of the 5th Affirmative Finance Action for…
The African Development Bank (AfDB), Islamic Development Bank (IsDB) and the International Fund for Agricultural Development (IFAD) have assigned $1 billion to establish Special Agro-Industrial Processing Zones (SAPZs) in 24 states of the country. AfDB President, Dr. Akinwumi Adesina, disclosed this last month at the Norman Borlaug International Dialogue in…
The Lagos State government has put plans in motion to establish the largest food logistics hub in sub-Saharan Africa. The governor, Mr Babajide Sanwo-Olu, announced this at the grand finale of the 2023 World Food Day celebration in Lagos. He said that the first stage of the project is due…