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The Federal Ministry of Agriculture and Rural Development is a Ministry of the Federal Government of Nigeria that has the mandate to ensure food security in crop, livestock and fisheries, stimulate agricultural employment and services, promote the production and supply of raw materials to Agro-allied industries, provide markets for the products of the industrial sector, generate foreign ...
Its focus was on balancing the difference between rural and urban development while making an attempt to rectify some of the shortcomings that trailed the first development plan. Following the Civil War (1967–1970), Nigeria faced the critical need for national reconstruction and the establishment of a united and egalitarian society. The ...
Bank of Agriculture is a Nigerian government sponsored development bank that provides credit facilities to both small and large scale farmers and small businesses within rural areas. An outcome of a restructuring of government sponsored microcredit institutions, the bank was formed in 2000 and assumed the assets of the National Agriculture and ...
A farmer and his cow. The majority of herders in African countries are livestock owners. Livestock farming is a part of Nigeria's agriculture system. In 2017, Nigeria had approximately over 80 million poultry farming, 76 million goats, 43.4 million sheep, 18.4 million cattle, 7.5 million pigs, and 1.4 million of its equivalent. [26]
A lawsuit launched by the Nigerian government against U.S. bank JP Morgan Chase, claiming over $1.7 billion for its role in a disputed 2011 oilfield deal, will proceed to trial, London's high ...
Population density of Nigeria per square kilometer Agricultural sustainability in Northern Nigeria requires flexibility in both ecological management as well as economic activity. [ 1 ] The population densities of the rural area in this region climbed from 243 to 348 people per square kilometer between 1962 and 1991, but the land area under ...
Nigeria had one of the world's highest economic growth rates, averaging 7.4% according to the Nigeria economic report that was released in July 2019 by the World Bank. [1] Following the oil price collapse in 2014–2016, combined with negative production shocks, the gross domestic product (GDP) growth rate dropped to 2.7% in 2015.
The term rural development is not limited to issues of developing countries. In fact many developed countries have very active rural development programs. [citation needed] Rural development aims at finding ways to improve rural lives with the participation of rural people themselves, so as to meet the required needs of rural communities. [20]