Faith Donatus

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Experts call for increase in local sourcing, backward integration projects

1 month ago | businessday.ng | Feyishola Jaiyesimi |Bethel Olujobi |Faith Donatus

Nigeria’s food supply chain is troubled by inefficiencies that experts say stifle productivity, increase post-harvest losses, and leave the country heavily reliant on imports. Industry stakeholders are advocating for improved backward integration, stronger infrastructure, and better policies to bridge the gap between the farm and the market.
Maiduguri: Victims share heartbreaking stories of life after floods

Jan 13, 2025 | businessday.ng | Faith Donatus

The 10th of September 2024 was black Tuesday for residents of Maiduguri Municipal Council (MMC) and Jere Local Government Area as flash floods swept through the area killing about 37 persons while rendering hundreds of thousands of persons in the world’s poverty capital homeless. Abdullahi, a young farmer, tearfully shared how the floods have stripped him of his only source of income, leaving him barely able to feed himself.
BREAKING: Makinde names Abimbola Owoade as the new Alaafin of Oyo

Jan 10, 2025 | businessday.ng | Faith Donatus

Governor Seyi Makinde of Oyo State has officially appointed Prince Abimbola Owoade as the new Alaafin of Oyo State. This announcement was made in a public statement on Friday, signed by Dotun Oyelade, the Commissioner for Information and Orientation. The statement confirmed that after extensive consultations and divinations, the Oyomesi recommended Prince Abimbola Akeem Owoade, and the appointment was approved by Governor Makinde. More details to follow….
How Nigeria can tame inflation in 2025

Dec 26, 2024 | businessday.ng | Faith Donatus |Wasiu Alli

Businesses and consumers in Nigeria have been hard hit by spiraling inflation, which peaked at 34.6 percent, a 28-year high, in November 2024. The federal government expects inflation rate to cool to 15 percent in 2025, but some economists consider the target ambitious.
Tax Reform Bills: What’s in it for Farmers?

Dec 18, 2024 | businessday.ng | Faith Donatus

There’s something for everyone in the proposed tax reform bills according to Taiwo Oyedele, Chairman, Presidential Committee on Fiscal Policy and Tax Reforms. In 2023, Joseph Yusuf, a young farmer from Taraba State, struggled with rising production costs, including transportation fees that surged from N800 to N4,000 for a 100kg bag of maize. Coupled with high labour costs, multiple taxes, and low profits, he ran out of capital and was forced to quit farming.
Soaring costs ruffle farmers’ feathers as festive demand peaks

Dec 11, 2024 | businessday.ng | Faith Donatus

As the festive season heats up and demand for poultry reaches a fever pitch, farmers are caught between a rock and a hard place. Skyrocketing production costs —driven by rising feed prices, energy expenses, and supply chain disruptions —have pushed many large-scale poultry farms to the brink. Industry experts warn that unless swift interventions are made, the industry could see a wave of farm closures, leaving holiday tables emptier and pockets lighter.
Soaring costs ruffle feathers in poultry industry as festive demand peaks

Dec 11, 2024 | businessday.ng | Faith Donatus

As the festive season heats up and demand for poultry reaches a fever pitch, farmers are caught between a rock and a hard place. Skyrocketing production costs—driven by rising feed prices, energy expenses, and supply chain disruptions—have pushed many large-scale poultry farms to the brink. Industry experts warn that unless swift interventions are made, the industry could see a wave of farm closures, leaving holiday tables emptier and pockets lighter.
Climate change hands Nigerian farmers fresh headache

Dec 4, 2024 | businessday.ng | Faith Donatus

Rising food prices may linger for longer in Africa’s most populous nation with farmers decrying the impact of climate change on production. The warning issued by Abuja farmers about the looming threat of famine due to climate change highlights the growing challenges faced by the agricultural sector in Nigeria.
IDPs put strain on Nigeria’s economic growth - World Bank

Dec 2, 2024 | businessday.ng | Faith Donatus

The World Bank has described Nigeria’s over 3.5 million Internally Displaced Persons (IDPs), as a growing crisis that puts a significant strain on the nation’s economic growth. The global financial body says the growing IDPs were being fueled by insecurity, natural disasters, and conflict.