twitter RSS Feed linkedin acp contact

Nigeria set to see US$11.6bn economic output from biotechnology

Nigerian economy is projected to have an economic output of around US$11.6bn if the country embraces biotechnology in its agricultural practices, said a report from Monsanto

Africa-CropsMonsanto reported that Ghana, Kenya, Malawi, and Uganda are also making important advances towards the commercialisation of GM crops. (Image source: Gates Foundation /Flickr)

A company source said that in the next five years, the demand for poultry will be high and the demand for corn will also increase in Nigeria. With biotechnology, smallholder farmers will be able to match up with such demands.

Monsanto had brought more than 40 varieties of corn that will be tested in Nigeria, added the source.

Monsanto has a strategic determination to commercialise and develop the market for genetically modified (GM) crops. The GM crops will be reaching to different companies in Nigeria, which will help the company to commercialise the products in a better way, said Frank Mike Frank, vice-president of Global Commercial at Monsanto.

“Nigeria’s smallholder farmers will ultimately be able to have access to ‘another tool in their toolbox’ to make planting decisions and make important contributions to increase food security,” he added.


LATEST NEWS IN Agriculture

Norway promises top-up contribution of urgently needed climate finance

Norway promises top-up contribution of u…

On 9 November 2022, Norway, as part of a commitment to triple its support to climate adaptation by 2026, has pledged an additional US$9.5mn contribution of urgently needed climate finance...

Better Cotton signs partnership agreement with IDH and CotonChad

Better Cotton signs partnership agreemen…

Better Cotton recently signed a multi-stakeholder Letter of Intent to participate in the landscape approach, developed with local stakeholders in Chad in conjunction with IDH, intending to work towards improving...

NFU president Minette Batters appointed as ambassador of Farm Africa

NFU president Minette Batters appointed …

Farm Africa, a charity that promotes sustainable agricultural practices, strengthens markets and protects the environment in rural eastern Africa, has announced the appointment of NFU president Minette Batters as an...

AfDB grants US$63.38mn loan to implement agro-processing project in Senegal

AfDB grants US$63.38mn loan to implement…

The board of directors of the African Development Bank (AfDB) Group in Abidjan has approved a loan of US$63.38mn to Senegal to implement the Agropole-Centre agro-industrial processing zone project

Farming innovations which help conserve nature and create jobs

Farming innovations which help conserve …

On World Food Day, farmers in the UK and globally showed how innovative farming methods and techniques can improve lives, help meet global climate targets and produce food without harming...

US$20.5mn renewable energy agriculture project launched in Ethiopia

US$20.5mn renewable energy agriculture p…

On 12 October, the Distributed Renewable Energy - Agriculture Modalities (DREAM) initiative began with the launch of nine renewable energy mini-grids and irrigation systems across Ethiopia

Prev Next

OTHER RELATED ARTICLES - Agriculture

Canadian government backs agricultural development in Ethiopia

Canadian government backs agricultural d…

Minister MacKay and MP Armstrong have rolled out two projects that will help increase farmers’ productivity and resilience in Ethiopia

 FAO and World Food Programme to assist farmers in Congo and Nigeria

FAO and World Food Programme to assist …

The Food & Agriculture Organization (FAO) and the World Food Programme (WFP) have stepped up efforts to assist farmers and alleviate hunger in Congo and Nigeria

IFC,  OCP to support sustainable food systems by improving agricultural value chain in Africa

IFC, OCP to support sustainable food sy…

OCP Group, the world’s largest phosphate mining and fertiliser group, and IFC have signed a milestone financing agreement to support OCP in expanding its value chain in Africa

FAO supports agricultural programmes in Malawi

FAO supports agricultural programmes in …

With financial support from the European Union (EU), the UN Food and Agriculture Organisation (FAO) has procured and handed over 14 vehicles to the Ministry of Agriculture, Irrigation and Water...

Shifting to a plant-based diet to significantly help fight climate change: GODAN

Shifting to a plant-based diet to signif…

Andre Laperrière, executive director of Global Open Data for Agriculture and Nutrition (GODAN), has highlighted the impact of Western appetite on global warming and the importance to switching to a...

Kenyan scientists discover cause of coffee berry pest

Kenyan scientists discover cause of coff…

Researchers at the Kenya-based International Center for Insect Physiology and Ecology (ICIPE), in collaboration with colleagues from Germany, have for the first time decoded the chemical signals that attract the...

Omex Calmax to get calcium into coffee beans

Omex Calmax to get calcium into coffee b…

Omex Agrifluids, the UK-based formulator and exporter of soluble plant nutrients, has introduced Omex Calmax, a foliar fertiliser for fruit and vegetable crops including coffee beans, aiming to improve fruit...

Ghana develops its first GM crop

Ghana develops its first GM crop

Ghana has developed a genetically modified (GM) cowpea, which will be the first GM crop to be introduced in the country

AfDB approves US$109mn loan for Côte d’Ivoire’s cocoa industry

AfDB approves US$109mn loan for Côte d’I…

African Development Bank (AfDB) has approved a US$109mn loan to Sucres et Denrées Côte d’Ivoire (Sucden CI) for investment in the cocoa sector in the country

Small farms in Togo to benefit from AfDB digital expansion

Small farms in Togo to benefit from AfDB…

The African Development Bank (AfDB) has launched a digital payment project to support small scale farmers in Togo

Bayer and AGCO launch Zambian future farm project

Bayer and AGCO launch Zambian future far…

Bayer have signed an MoU with AGCO to launch an agricultural development project in Zambia

Lagos empowers 3,149 farmers with agricultural input

Lagos empowers 3,149 farmers with agricu…

Lagos government has announced to distribute agricultural inputs to 3,149 farmers across the Nigerian state to boost production as part of its Agricultural Value Chains empowerment programme

Prev Next