Business News In Nigeria Today 23rd January 2019

Today, iDONSABI presents the trending business news in Nigeria for 23rd January 2019. Some nice business deals. Find out.


FAO, WFO Collaborate To Support Farmers

The Food and Agriculture Organisation (FAO) and World Farmers’ Organisation (WFO) have signed an agreement to assist farmers to become key players in the global agricultural agenda.

The agreement between both organisations will centre on promoting the role farmers play in sustaining agriculture and also achieving the 2030 Agenda for Sustainable Development.


Govt Urged To Regularise Price Of Day Old Chicks

The Federal Government particularly the Ministry of Agriculture and Rural Development has been called upon to come with policy that will control and regularise the price of day oid chicks in the country.

Making the call was a poultry farmer, Ummulkhair Jibril of Nigrows Organic Farm while speaking with the Nigerian Tribune. He noted that there was the need for the continuous and unreasonable increase in price of day old chicks in Nigeria needs to stop.


Power Outage, Poor Road Network Killing Farming Business In Nigeria

Erratic power supply and poor road network have been described as capable of killing farming business in Nigeria if the government of the day fails to do the needful as quickly as possible.

Making this assertion was Chief Emmanuel Ogunnaike, Chairman of Folhope Limited, a company renown for integrated farming which includes livestock production, arable crop production, aquaculture among others which is based in Ibadan.


Why Promoting Intra African Trade Is Important

The signing of the African Continental Free Trade Area Agreement (AfCFTA) by most African countries was a historic step towards rationalising Africa’s regional trade agreements, to deepen economic integration and draw on economies of scale and development of regional value chains to accelerate the process of structural transformation of African economies.

As at December 2018, 49 out of 55 African countries had signed the AfCFTA. However, the signing does not establish the African Continental Free Trade Area. It will formally exist when all documents are concluded and ratified by 22 states. Fifteen states have so far ratified theAfCFTA, including Kenya and Ghana. Nigeria is yet to sign nor ratify the AfCFTA.

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