UkoLight

The Nigerian government has promised more support for farmers and small business owners to aid growth of their farms and businesses. Vice President Yemi Osinbajo gave the assurance on Tuesday at a one-day economic empowerment programme organised for youths and women in Kano State. He told the gathering that the economic recession the nation was facing was a fallout of so much dependency on foreign goods including food items. Professor Osinbajo said that the Federal Government was working tirelessly to reverse in no distant time what he called “ugly trend, threatening the future of the nation’s economy”. According to Professor Osinbajo, with the current global recession, Nigeria’s economy has continued to be threatened. He says of policy formulation is one aspect the government is exploring to support farmers and small business owners to boost the economy. The Naira has continued to weaken against the dollar and prices of food items and other commodities are skyrocketing ...

The State government says the Memorandum of Understanding will produce an Abia State Palm Estate in Ohambele in Ukwa East Local Government Area of the state to increase the wealth of the State. The Palm Estate is expected to support the governor’s drive to restore the state as the number one palm producer and create jobs for youths. The Commissioner for Agriculture, Mr Uzo Azubuike, assured the investor that the state government would keep their part of the agreement. He highlighted that the state government was in a hurry to return the state to the years of palm plantations dotting the landscape of the state. “Part of what we are signing now is that the private investor, S-ATM Nigeria Limited will build an oil mill inside the Palm Estate here in Ohambele. “This palm estate is expected to employ more than 5,000 Abians, with greater percentage of the employment from the Ohambele community. “The government will leave no stone unturned in bringing to materialisation one of ...