Posts

Showing posts from September, 2022

Nigeria Status

Image
Nigeria. A small scale Paradise   Nigeria is blessed with large tracts of arable land which makes agriculture an important sector of the economy with high potential for employment generation, food security and poverty reduction. Although the sector was largely dominated by subsistence farming, with improved seedlings, modern farming methods and better weather forecasting, agricultural yields have continued to grow. Nigeria’s agricultural zones, which stretch from the tropical savanna in the north to the coastal rainforest in the south, and the mangrove of the Niger-delta complemented by tropical and semi-temperate weather prevalent across the country, promote the cultivation of a wide variety of agricultural produce from exotic fruits, vegetables, tree crops to root crops. Towards maximizing this nature’s gift, government has mapped-out soil characteristics across the country and provides detailed daily report on prevailing weather conditions.

MARKET INSIDER

Image
MARKET INSIDER: The Nigerian Export Processing Zones Authority (NEPZA) is in discussions with crypto exchange Binance over plans to create a virtual free zone focusing on blockchain and the digital economy, the agency said in a Saturday press release. NEPZA, which helps regulate and operate free zones in the country, wants the result to be similar to Dubai's virtual free zone. In December last year Binance agreed to help Dubai establish an industry hub for global digital assets with the aim of promoting long term economic growth and encouraging a range of crypto companies to become licensed in the emirate. "Our goal is to engender a flourishing virtual free zones to take advantage of a near trillion dollar virtual economy in blockchains and digital economy," Adesoji Adesugba, NEPZA's managing director, said in the statement. The initiative follows the launch last October of Nigeria's central bank digital currency, the world's second, following the ...