Agric budgets hit N874.83bn, food imports gulp N7.81tn

  The Federal Government budgeted about N874.83bn for the Federal Ministry of Agriculture and Rural Development from 2016 to 2021, whereas the imports of agricultural goods into Nigeria during same period were estimated at N7.81tn, checks by our correspondent showed.   It was gathered that the highest imports of agricultural goods into the country during the period under review were recorded in 2021, as products valued at N2.74tn were imported last year.   On the other hand, the least imports within the same duration were reported in 2016. Nigeria’s agricultural goods imports in 2016 were estimated at N656.4bn.   Operators

By |August 9th, 2022|Categories: Business|Tags: , |0 Comments

Nigeria, three others top World Bank debtors’ list

  Rising debt has pushed Nigeria up the World Bank’s top 10 International Development Association borrowers’ list.   The World Bank Fiscal Year 2021 audited financial statements, known as the IDA financial statement, showed that Nigeria was rated fifth on the list with $11.7bn IDA debt stock as of June 30, 2021.   However, the newly released World Bank Fiscal Year 2022 audited financial statements for IDA showed that Nigeria has moved to the fourth position on the list, with $13bn IDA debt stock as of June 30, 2022.   This shows that Nigeria accumulated about $1.3bn IDA debt within

By |August 9th, 2022|Categories: News|Tags: , |0 Comments
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