The result is that Americans enjoy not only an abundant food supply, but also nutritional choices and affordability. Africa is now beginning to understand the critical link between agriculture and...
As Akinwumi Adesina, Nigeria agriculture minister, said last year, n Nigeria, wee making agriculture the new oil.It is possible if the efforts are sustained. Agriculture, in other words, can be even more than he new oil
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When Nigeria announced recently that it had become Africa biggest economy, you could be forgiven for thinking that oil was the only reason. After all, Nigeria is the biggest oil producer in Africa. What many people didn realise was the growing role of agriculture in boosting Nigeria economy and the lives of its large
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When Nigeria announced recently that it had become Africa biggest economy, you could be forgiven for thinking that oil was the only reason. After all, Nigeria is the biggest oil producer in Africa. What many people didn realize was the growing role of agriculture in boosting Nigeria economy and the lives of its large rural population. Ie seen close-up how hard it can be to
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Olusegun Obasanjo: In Nigeria, agriculture is the new oil When Nigeria announced recently that it had become Africa biggest economy, you could be forgiven for thinking that oil was the only reason. After all, Nigeria is the biggest oil producer in Africa.
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Nigeria oil has come at the detriment of the agriculture sector, he claims, nd that is why we had a rising poverty situation. We were having growth but without robust growth able to impact
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Regulatory constraints and security risks have limited new investment in oil and natural gas, and Nigeria's oil production had been contracting every year since 2012 until a slight rebound in 2017.
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When Nigeria announced recently that it had become Africa biggest economy, you could be forgiven for thinking that oil was the only reason. After all, Nigeria is the biggest oil producer in Africa. What many people didn realize was the growing role of agriculture in boosting Nigeria economy and the lives of its large rural population. Ie seen close-up how hard it can be to
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As Akinwumi Adesina, Nigeria agriculture minister, said last year, n Nigeria, wee making agriculture the new oil That crucial ambition couldn be timelier. Nigeria, which already has more people than any other country in Africa, is expected to become the world third most populous by 2050, overtaking the US.
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By Trust Matsilele. Agriculture is the new oil in my view; we are in a situation where we have a receding oil price and Nigeriacannot continue to depend on it for revenues, Ada Osakwe, Founder and CEO Agrolay Ventures told CNBC Africa.
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To bring the reality of the oil and gas industry into perspective, the first quarter of 2025 reported that sales of crude oil made up 76.3% of Nigeria export earnings, bringing in about US$11.7 billion.
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Aiteo is currently the highest producing indigenous oil E&P company in Nigeria. In 2015, Benedict Peters consolidated Aiteo asset portfolio with a $3 billion acquisition of sub-Saharan Africa
Get PriceAgainst the background of falling oil prices, Kehinde argues for the potential for agriculture to change Nigeria fortunes, providing income and employment for a fast growing population that
Get PriceNigeria is in a transition from supreme oil-dependency to a more diversified economy. Susceptibility of the domestic economy to external revenue shocks, when oil prices fall, well informs this
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Interview - Dr. Akin Adesina, Minister of Agriculture for the Republic of Nigeria, is an agricultural economist with decades of experience working to make agriculture productive and profitable.
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Against the background of falling oil prices, Kehinde argues for the potential for agriculture to change Nigeria fortunes, providing income and employment for a fast growing population that
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2025 Outlook For Nigeria Agriculture Sector The role agriculture has played in Nigeria economy cannot be overemphasised. if the new crave to return to the farms is efficiently
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Aiteo is currently the highest producing indigenous oil E&P company in Nigeria. In 2015, Benedict Peters consolidated Aiteo asset portfolio with a $3 billion acquisition of sub-Saharan Africa
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Agriculture in Nigeria is something that needs a lot of improvement and is a great fundamental to promote the economy of Nigeria. Nigeria with its vast agricultural resources needs to operate an economy that is not so much dependent on petroleum but rather a diversified economy.
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Nigeria makes a lot of money from the oil industry, but it's not only this lack goldthat keeps Nigerian economy growing. Agricultural products are also the base of the Nigerian economy, supplying food not only for most Nigerians but also exporting crops and fruits to other countries as well.
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Nigeria's trade relations revolve around the oil and natural gas sectors. After the economic reforms of 2005, the government is making efforts to diversify its export profile beyond the oil sector, such as minerals and agricultural products. Nigeria Trade: Exports. Oil and natural gas are the most important export products for Nigerian trade.
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Agriculture in Nigeria is a branch of the economy in Nigeria, providing employment for about 30% of the population as of 2010. The sector is being transformed by commercialization at the small, medium and large-scale enterprise levels.
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Sources of Wealth: Oil, Banking and Finance, Fashion, Real Estate. Estimated Net worth In 2025 (Forbes): $700 Million; Bola Shagaya is among the richest women in Africa and also among Nigeria wealthiest people (male and female combined). She is the Managing Director of Practoil Limited, an oil company in Nigeria.
Get Price''Agriculture is the new oil'' is one sentence that has been reverberating around Nigeria since President Muhammadu Buhar took over power last year. President Buhari himself is a farmer Indeed, Agriculture has the potential to change the economic indices in Nigeria to a positive one and shore up the earnings of the nation.
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Agriculture in Nigeria is something that needs a lot of improvement and is a great fundamental to promote the economy of Nigeria. Nigeria with its vast agricultural resources needs to operate an economy that is not so much dependent on petroleum but rather a diversified economy.
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The revival of Nigeria economy has gained momentum under the guidance of President Buhari ERGP programme; its ambitious targets yield results that seem to indicate that they will soon be superseded. In spite of difficult times, Nigeria has been rated as the top 10 most improved economies in 2016/2017. igeria is a very resilient country [
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Folorunsho Alakija of Famfa Oil completes the list of Forbes billionaires from Nigeria with a fortune of USD1bn dollars coming in at #20 in Africa. Of the four Nigerians on this year Forbes list, only BUA Abdul Samad Rabiu saw an increase in his fortunes from the previous year.
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Since Nigeria is blessed with abundant renewable energy resources such as hydroelectric, solar, wind, tidal, and biomass, there is a need to harness these resources and chart a new energy future for Nigeria. In this regard, the government has a responsibility to make renewable energy available and affordable to all.
Get PriceNigeria is the world number 1 producer of cassavaCassava farming has taken the center stage in Nigeria and contributes over 45 percent of Nigerian agricultural GDP. Agriculture in Nigeria contributes merely about 20 percent of. the Nigeria total GDP, trailing behind petroleum which is the major Nigerian domestic produce.
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/ Agricultural Policies in Nigeria: All You Need To Know. Agricultural Policies in Nigeria: All You Need To Know while the southeastern region was known for oil palm. development and research is the bane of agricultural development in Nigeria. Biotechnology opens the door to new ways of doing things and ensures improvement in quality
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Nigeria Chima Anyaso bags ForbesAfrican Award in London. Chief Executive Officer of Ceecon Energy Oil and Gas Limited, was awarded with the Community Impact Award for his selfless
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Agriculture is the engine that stimulates economic processes when it comes to national development. Historical facts show that before the oil boom in the 1970s, agriculture was the mainstay of Nigeria economy (Ayodele, Obafemi, and Ebong, 2013).
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The Nigerian economy is dominated by crude oil, which accounts for about 10% of the country's GDP, 70% of government revenue and more than 83% of the country's total export earnings, according to OPEC. Nigeria is the world 8th oil exporter, and its oil reserves are estimated at about 35 billion barrels.
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The much-heralded oil refinery that Dangote is building in Nigeria is still at least a year away from completion. Nassef Sawiris of Egypt is the new number two richest, worth $8 billionp from
Get PriceAlthough it depends heavily on the oil industry for its budgetary revenues, Nigeria is predominantly still an agricultural society. Approximately 70 percent of the population engages in agricultural production at a subsistence level. Agricultural holdings are generally small and scattered. Agriculture provided 41 percent of Nigeria's total
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Eight Nigerians have been listed, among other global influencers, in the 2025 Forbes 30 under 30 list. News Agency of Nigeria (NAN) reports that Forbes 30 under 30 is a set of lists issued
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Richest families in Nigeria 1 Briggs Family Chief Olu Benson Lulu-Briggs is one of the richest men in the country. He is the predecessor of the Briggs family and the founder of Moni Pulo Limited (MPL), a private indigenous oil and gas exploration and production company. MPL is located in Port Harcourt but has offices in Lagos and London.
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The agricultural products of Nigeria can be divided into two main groups: food crops, produced for home consumption, and export products. Prior to the civil war, the country was self-sufficient in food, but imports of food increased substantially after 1973. Bread, made primarily from US wheat, replaced domestic crops as the cheapest staple
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Nigeria's oil revenue has totaled $340 billion in exports since the 1970s and it is the fifth largest producer. Though Nigeria is a major oil exporter, it imports most of its gasoline, and when fuel subsidies were lifted in January 2012, fuel increased from roughly $1.70 per gallon to $3.50.
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