Investogist
No Result
View All Result
Tuesday, November 25, 2025
  • News
    • All
    • Africa
    • Nigeria
    • World
    Policeman kill driver over N100 bribe in Anambra

    President Tinubu Pulls Police from VIPs, Approves 30,000 New Officers

    FG Closes 41 Unity Schools Amid Bandit Attacks

    FG Closes 41 Unity Schools Amid Bandit Attacks

    Nnamdi Kanu moved from DSS custody to Sokoto prison – Aloy Ejimakor

    Nnamdi Kanu moved from DSS custody to Sokoto prison – Aloy Ejimakor

    Gunmen abduct unidentified man in Anambra state

    Gunmen Storm St. Mary’s Catholic School Niger State, Abduct Unknown Number of Pupils and Teachers

    Nnamdi Kanu Lists Wike, Hope, Sanwo Olu and others as Witnesses in Terrorism Trial

    Federal High Court sentences Nnamdi Kanu to Life imprisonment

    Kanu says entering a defense is pointless, “no valid charges against me”

    Federal High Court Convicts Nnamdi Kanu of Terrorism

    Nnamdi Kanu Lists Wike, Hope, Sanwo Olu and others as Witnesses in Terrorism Trial

    Nnamdi Kanu Physically Removed from Court After Outbursts as Judge Reads Terrorism Verdict

    UK Court awards £20m Damages in favour of Nigeria against P&ID

    S&P Global revises Nigeria outlook from Stable to Positive

    Conoil Plc to Hold 55th AGM, Proposes N3.50 Dividend

    Conoil Plc to Hold 55th AGM, Proposes N3.50 Dividend

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Headline Inflation in Nigeria rose to 22.04% in March

    Nigeria’s inflation eases to 16.05% in October 2025

    President Buhari hikes Petrol Price to N212 per litre through the PPPRA

    Federal Government suspends 15% import tax on imported petrol

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    Trump warns of trade cuts with China over soybeans

    The New Tax Acts and Tax ID – What You Need to Know

    Nigerians to enjoy benefits of new tax laws from January 2026 – Oyedele

    CBN Tightens Agent Banking Operations, Introduces Transaction Limits

    CBN Tightens Agent Banking Operations, Introduces Transaction Limits

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Financial Education
    • Industry
    • Technology
    Acceptance for Champion Breweries Plc Take-Over Offer closes soon

    Champion Breweries Opens ₦15.9bn Rights Issue to Shareholders

    Acceptance for Champion Breweries Plc Take-Over Offer closes soon

    Champion Breweries returns to profitability with ₦2.74 billion profit after tax in half-year 2025

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Dangote Invests $700 Million in Sugar as South African CEO Thabo Mabe Assumes Leadership

    Dangote Invests $700 Million in Sugar as South African CEO Thabo Mabe Assumes Leadership

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    SUNU Assurances gets shareholder approval for capital raise

    TotalEnergies Acquires Additional Stake in Nigeria’s OPL 257 from Conoil

    TotalEnergies Acquires Additional Stake in Nigeria’s OPL 257 from Conoil

    FY 2020: Zenith Bank Plc rakes in N230.6 billion profit after tax

    Zenith Bank Plc addresses rumored acquisition in Kenya

    Dangote Sugar Refinery Announces Resignation of Ravindra Singhvi and Appoints Thabo Mabe as Successor

    Dangote Sugar Refinery Announces Resignation of Ravindra Singhvi and Appoints Thabo Mabe as Successor

    Nascon Allied Industries Plc reports N17.57 bn revenue in H1 2021

    NASCON Allied Industries Announces Major Leadership Change as Saka Becomes Managing Director

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    Silver and other Precious Metals Surges amid Economic concerns

    Silver and other Precious Metals Surges amid Economic concerns

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2025, qualification and payment dates

    Nigerian Exchange Daily Market Report: ASI up by 0.15% on Wednesday

    Domestic Investors dominate transactions on the Nigerian Exchange in September 2025

    Wema Bank Plc rights issue opens for subscription

    Wema Bank Plc lists 4.5 billion new shares offered through private placement

    FG lists 4 border points in Ukraine Nigerians can cross to safety

    Trans-Nationwide Express Rights Issue: Trading Activated on NGX

    The Initiates Plc unveils Rights Issue and Public Offer to drive expansion in environmental services

    The Initiates Plc unveils Rights Issue and Public Offer to drive expansion in environmental services

    Again DMO offers N360 billion FGN bond for February

    FGN Savings Bond offer opens with up to 14.565% annual interest

    ASO Savings Posts N21M Q2 Profit Despite N51B Negative Equity

    ASO Savings Posts N21M Q2 Profit Despite N51B Negative Equity

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
Investogist
  • News
    • All
    • Africa
    • Nigeria
    • World
    Policeman kill driver over N100 bribe in Anambra

    President Tinubu Pulls Police from VIPs, Approves 30,000 New Officers

    FG Closes 41 Unity Schools Amid Bandit Attacks

    FG Closes 41 Unity Schools Amid Bandit Attacks

    Nnamdi Kanu moved from DSS custody to Sokoto prison – Aloy Ejimakor

    Nnamdi Kanu moved from DSS custody to Sokoto prison – Aloy Ejimakor

    Gunmen abduct unidentified man in Anambra state

    Gunmen Storm St. Mary’s Catholic School Niger State, Abduct Unknown Number of Pupils and Teachers

    Nnamdi Kanu Lists Wike, Hope, Sanwo Olu and others as Witnesses in Terrorism Trial

    Federal High Court sentences Nnamdi Kanu to Life imprisonment

    Kanu says entering a defense is pointless, “no valid charges against me”

    Federal High Court Convicts Nnamdi Kanu of Terrorism

    Nnamdi Kanu Lists Wike, Hope, Sanwo Olu and others as Witnesses in Terrorism Trial

    Nnamdi Kanu Physically Removed from Court After Outbursts as Judge Reads Terrorism Verdict

    UK Court awards £20m Damages in favour of Nigeria against P&ID

    S&P Global revises Nigeria outlook from Stable to Positive

    Conoil Plc to Hold 55th AGM, Proposes N3.50 Dividend

    Conoil Plc to Hold 55th AGM, Proposes N3.50 Dividend

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Headline Inflation in Nigeria rose to 22.04% in March

    Nigeria’s inflation eases to 16.05% in October 2025

    President Buhari hikes Petrol Price to N212 per litre through the PPPRA

    Federal Government suspends 15% import tax on imported petrol

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    Trump warns of trade cuts with China over soybeans

    The New Tax Acts and Tax ID – What You Need to Know

    Nigerians to enjoy benefits of new tax laws from January 2026 – Oyedele

    CBN Tightens Agent Banking Operations, Introduces Transaction Limits

    CBN Tightens Agent Banking Operations, Introduces Transaction Limits

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Financial Education
    • Industry
    • Technology
    Acceptance for Champion Breweries Plc Take-Over Offer closes soon

    Champion Breweries Opens ₦15.9bn Rights Issue to Shareholders

    Acceptance for Champion Breweries Plc Take-Over Offer closes soon

    Champion Breweries returns to profitability with ₦2.74 billion profit after tax in half-year 2025

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Dangote Invests $700 Million in Sugar as South African CEO Thabo Mabe Assumes Leadership

    Dangote Invests $700 Million in Sugar as South African CEO Thabo Mabe Assumes Leadership

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    SUNU Assurances gets shareholder approval for capital raise

    TotalEnergies Acquires Additional Stake in Nigeria’s OPL 257 from Conoil

    TotalEnergies Acquires Additional Stake in Nigeria’s OPL 257 from Conoil

    FY 2020: Zenith Bank Plc rakes in N230.6 billion profit after tax

    Zenith Bank Plc addresses rumored acquisition in Kenya

    Dangote Sugar Refinery Announces Resignation of Ravindra Singhvi and Appoints Thabo Mabe as Successor

    Dangote Sugar Refinery Announces Resignation of Ravindra Singhvi and Appoints Thabo Mabe as Successor

    Nascon Allied Industries Plc reports N17.57 bn revenue in H1 2021

    NASCON Allied Industries Announces Major Leadership Change as Saka Becomes Managing Director

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    Silver and other Precious Metals Surges amid Economic concerns

    Silver and other Precious Metals Surges amid Economic concerns

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2025, qualification and payment dates

    Nigerian Exchange Daily Market Report: ASI up by 0.15% on Wednesday

    Domestic Investors dominate transactions on the Nigerian Exchange in September 2025

    Wema Bank Plc rights issue opens for subscription

    Wema Bank Plc lists 4.5 billion new shares offered through private placement

    FG lists 4 border points in Ukraine Nigerians can cross to safety

    Trans-Nationwide Express Rights Issue: Trading Activated on NGX

    The Initiates Plc unveils Rights Issue and Public Offer to drive expansion in environmental services

    The Initiates Plc unveils Rights Issue and Public Offer to drive expansion in environmental services

    Again DMO offers N360 billion FGN bond for February

    FGN Savings Bond offer opens with up to 14.565% annual interest

    ASO Savings Posts N21M Q2 Profit Despite N51B Negative Equity

    ASO Savings Posts N21M Q2 Profit Despite N51B Negative Equity

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home Business Agriculture

African Development Bank approve $134 million loan for Nigeria

Friday, 5 August 2022, 10:56 pm
in Agriculture, Business, News, Nigeria
2
African Development Bank approve $134 million loan for Nigeria
Share Share Share Share Send as Email

Nigeria’s Minister of Agriculture has said that the Federal Government obtained a loan of $134 million from the African Development Bank (AfDB) to boost wheat production.

The Minister was speaking in Abuja, while briefing State House correspondents on the implementation of the presidential mandate given to the ministry.

Also read; African Development Bank approves $5 million grant for Desert-to-Power Scheme in the G5 Sahel Countries

The wheat is to be cultivated in Jigawa, Kebbi, Kano, Bauchi, Katsina, Kaduna, Sokoto, Zamfara, Gombe, Plateau, Borno, Yobe, Adamawa, and Taraba States.

The minister noted that with 250,000 farmers cultivating 250,000 hectares in the 2022 dry season, the initiative would raise wheat production to 750,000 metric tonnes.

According to the Minister, the FG had deployed 5,000 agro rangers drawn from the Nigeria Security & Civil Defence Corps to protect farmers facing security challenges.

On 18th July, the Board of Directors of the African Development Bank Group approved a $134 million for the National Agriculture Growth Scheme – Agro pocket program in Nigeria to scale up food production and boost livelihood resilience.

The program according to AfDB will support fast-tracking of the implementation of key policy and institutional reforms and boost private sector participation in agriculture. This will help increase cereals and oil grains production by 7 million tonnes to 35 million tonnes. It will also increase average cereal yields from 1.42 tonnes to 2 tonnes per hectare during the September 2022-December 2023 implementation period.

The program aligns with the Bank’s African Emergency Food Production Facility and will support Nigeria’s efforts to mitigate the impacts of the war in Ukraine.

Lamin Barrow, Director General of the Bank’s Nigeria Country Department, said the program would prioritize support for five strategic crops: maize, rice, wheat, soya beans and sorghum, with a particular focus on wheat value chains.

He said National Agriculture Growth Scheme – Agro Pocket program is anchored in the National Agriculture Technology and Innovation Policy (2022-27) which aims to modernize Nigeria’s agriculture sector in line with changing global food systems and supply chains. The program will complement Bank-supported operations in the country, particularly the Special Agricultural Special Zones.

Lamin Barrow, Director General of the Bank’s Nigeria Country Department, said the program would prioritize support for five strategic crops: maize, rice, wheat, soya beans and sorghum, with a particular focus on wheat value chains.

He said National Agriculture Growth Scheme – Agro Pocket program is anchored in the National Agriculture Technology and Innovation Policy (2022-27) which aims to modernize Nigeria’s agriculture sector in line with changing global food systems and supply chains. The program will complement Bank-supported operations in the country, particularly the Special Agricultural Special Zones.

The Special Agro-Industrial Processing Zones (SAPZs) is an integrated development initiative aimed at concentrating agro-processing activities within areas of high agricultural potential to boost productivity and integrate the production, processing and marketing of selected commodities.

The AfDB granted Nigeria a loan of $540 million for the Special Agro-Industrial Processing Zones, which is envisioned to unleash the potential of food and agribusiness for Nigeria and Africa.

The Special Agro-Industrial Processing Zones will be located in 7 States – Kano, Kaduna, Oyo, Ogun, Kwara, Imo, Cross River and the FCT.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

Related Posts:

  • CyrilRamaphosa-2
    South Africa gets $288 million loan from African…
  • Solar Energy
    African Development Bank approves $5 million grant…
  • afdb annual meeting
    Nigeria doubles African Development Bank voting…
  • Adesina
    Independent panel clears African Development Bank's…
Previous Post

US economy adds 528,000 Jobs in July, exceeding expectations

Next Post

The Local Bourse Records Gain… As Year-to-Date in closed at 18.74%

Next Post
Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

The Local Bourse Records Gain… As Year-to-Date in closed at 18.74%

Please login to join discussion
  • Trending
  • Comments
  • Latest
MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2025, qualification and payment dates

Acceptance for Champion Breweries Plc Take-Over Offer closes soon

Champion Breweries Opens ₦15.9bn Rights Issue to Shareholders

Veritas Kapital Assurance Plc to consider mergers/acquisitions to shore up capital

Veritas Kapital Assurance Plc to raise ₦15 Billion capital by way of Private Placement

Security features of the new naira notes revealed by the CBN

New hope for Naira fixed income savers?

Acceptance for Champion Breweries Plc Take-Over Offer closes soon

Champion Breweries Opens ₦15.9bn Rights Issue to Shareholders

Policeman kill driver over N100 bribe in Anambra

President Tinubu Pulls Police from VIPs, Approves 30,000 New Officers

Acceptance for Champion Breweries Plc Take-Over Offer closes soon

Champion Breweries returns to profitability with ₦2.74 billion profit after tax in half-year 2025

FG Closes 41 Unity Schools Amid Bandit Attacks

FG Closes 41 Unity Schools Amid Bandit Attacks

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

Copyright © 2025 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2025 investogist.com, All Rights Reserved