Quality Inputs
Minister: Nigerian government worried about rising unemployment rate
Minister of Interior, Ogbeni Rauf Aregbesola, has said the federal government is worried over the rising unemployment rate in the country. Speaking at the 2nd Shakeholders’ Meeting on Expatriate Quota Administration organized by the Citizenship and Business Department of the Ministry of Interior, the Minister said: “Anyone that is not worried about the unemployment rate in the country is not a patriot.” He lamented that the unemployment rate of 33 per cent released by the National Bureau of Statistics was indeed worrisome and a wake up call that something urgently needed to be done to keep Nigerians employed and drastically reduce the unemployment rate. The Minister, who called on all stakeholders at the meeting to ensure quality inputs were brought to the table that will lead to the produ...
Afreximbank approves $400 million facility to improve agriculture in Africa
The African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, has approved a $400-million revolving global credit facility agreement for the Export Trading Group (ETG), one of the largest and fastest-growing integrated agricultural conglomerates in Africa. The agreement will enable ETG to keep playing its vital role in the agri-foods supply chain of efficiently connecting African farmers to markets, as well as expanding access to key inputs to boost agricultural productivity in a continent with tremendous but yet unrealized potential. According to Afreximbank’s estimates, Africa spent over $90 billion on food imports in 2019, even though it possesses up to 60 percent of the world’s remaining arable land. Moreover, the Food and Agriculture Organizat...
