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Find all the economic and financial information on our Orishas Direct application to download on Play StoreAccording to the Ministry of Agriculture, the ADB loan is intended to “increase seed and cereal production in the country, should make it possible to: ensuring national food security”. In fact, the depreciation of the Naira since et l' augmentation des prix du carburant the reforms put in place by the administration of President Bola Ahmed Tinubu a year and a half ago, have driven up food prices. Thus, inflation reached 37.77% in September.
The price of beans soared by 282% between October 2023 and October 2024, and that of locally grown rice by 153% according to the National Bureau of Statistics.In addition, climate change and deforestation have made the region more arid. According to a statement from the Ministry of agriculture, “the government wants to use the agricultural sector to boost the national economy by increasing the production of certain basic food crops such as wheat, rice, corn, sorghum, soybeans and cassava”. For this reason, the loan BAD will be used to “help 250,000 wheat farmers” and “150,000 rice farmers
”.
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21/04/2025 - Secteurs
21/04/2025 - Secteurs
18/04/2025 - Secteurs
18/04/2025 - Secteurs
21/04/2025 - Secteurs
21/04/2025 - Secteurs
