The Federal University of Agriculture, Abeokuta (FUNAAB) has revived its campus bakery in collaboration with Nutrient Life Group of Companies, aiming to provide students and staff with fresh, high-quality bread and pastries produced locally. FUNAAB V… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader FUNAAB relaunches campus bakery to boost food security and sustainability By Olamide on March 14, 2025 The Federal University of Agriculture, Abeokuta (FUNAAB) has revived its campus bakery in collaboration with Nutrient Life Group of Companies, aiming to provide students and staff with fresh, high-quality bread and pastries produced locally. FUNAAB Vice-Chancellor, Prof. Babatunde Kehinde, alongside top university officials, commissioned the bakery as part of a strategic public-private partnership designed to enhance food security and sustainability within the institution. Michael Olorode, CEO of Nutrient Life Group, emphasized the company's dedication to maintaining superior production standards and ensuring reliable food accessibility for the university community. Read also, FUNAAB relaunches campus bakery to boost food security and sustainability FIPAN promises affordable eggs, pushes for tariff reduction Nigeria's total trade hits record N138tn in 2024, exports rise to $50.4bn amid forex, policy shifts Lagos Empowers Market Women with Waste-to-Wealth Skills for a Greener Future China prosecutes over 21,000 for counterfeit goods trade in 2024 "This initiative is about more than just baking bread—it's about delivering quality, nutrition, and accessibility," Olorode stated. "Our goal is to run the bakery efficiently to meet the needs of over 4,000 students residing on campus." To reinforce the initiative, FUNAAB's Environmental Unit has introduced new policies limiting the sale of externally sourced bread, a move designed to uphold quality control and long-term sustainability. Present at the event were Deputy Vice-Chancellor (Development) Prof. Kola Adebayo, Director of FUNAAB Integrated Ventures Olufisayo Amubode, and Deputy Registrar (DVC Development's Office) Folasade Giwa. Nutrient Life Group, renowned for its innovative approach to food production, views this partnership as part of a larger mission to promote sustainability, improve nutrition, and expand food accessibility across educational institutions and African communities.

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Relief may soon come for consumers as the Feed Millers Industry Practitioners Association of Nigeria (FIPAN) has assured that egg prices will drop in response to declining poultry feed costs. National President of FIPAN, Dr. Ayoola Oduntan, credited … Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader FIPAN Promises Affordable Eggs, Pushes for Tariff Reduction By Olamide on March 14, 2025 Relief may soon come for consumers as the Feed Millers Industry Practitioners Association of Nigeria (FIPAN) has assured that egg prices will drop in response to declining poultry feed costs. National President of FIPAN, Dr. Ayoola Oduntan, credited the price reduction to the Federal Government's agricultural policies, which are now yielding tangible results. "Agriculture takes time to impact the market, but we are seeing the effects. As feed costs decline, chicken prices are also dropping. It's only a matter of time before eggs become more affordable," he stated. While commending government efforts, Oduntan urged President Bola Tinubu to review import tariffs on essential livestock inputs, warning that high duties and VAT on feed additives were driving up production costs. He emphasized that supporting local farmers and investing in research would further stabilize feed prices and boost the poultry industry. Read also, FIPAN Promises Affordable Eggs, Pushes for Tariff Reduction Nigeria's total trade hits record N138tn in 2024, exports rise to $50.4bn amid forex, policy shifts Lagos Empowers Market Women with Waste-to-Wealth Skills for a Greener Future China prosecutes over 21,000 for counterfeit goods trade in 2024 Tinubu approves N700bn TETFund disbursement to boost tertiary education He also highlighted bureaucratic challenges such as double taxation and import delays, cautioning that without urgent reforms, high feed costs could lead to job losses, reduced protein availability, and increased reliance on costly food imports. Despite these challenges, Oduntan praised government initiatives such as the ban on maize and soya exports, improved security, and the establishment of the Ministry of Livestock Development. He also acknowledged the recapitalization of the Bank of Agriculture as a vital step in strengthening the agricultural value chain. To sustain progress, FIPAN advocates for contract farming partnerships to secure a steady supply of feed-grade maize, reducing competition with human consumption and ensuring long-term stability in the poultry sector.

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Nigeria's total trade volume soared to an all-time high of N138 trillion in 2024, driven by exchange rate depreciation and the elimination of fuel subsidies, according to the National Bureau of Statistics (NBS). This represents a 106% increase from 20… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Nigeria's total trade hits record N138tn in 2024, exports rise to $50.4bn amid forex, policy shifts By sbinsights on March 14, 2025 Nigeria's total trade volume soared to an all-time high of N138 trillion in 2024, driven by exchange rate depreciation and the elimination of fuel subsidies, according to the National Bureau of Statistics (NBS). This represents a 106% increase from 2023 and, when adjusted for the exchange rate, translates to $89.9 billion, a 22.1% surge in dollar terms. Exports surged to $50.4 billion, nearly doubling in naira terms to N60.59 trillion, with crude oil maintaining its dominance at $36 billion (71%). Non-oil exports also reached a four-year high of $5.9 billion, reflecting increased trade diversification efforts. Read also On the import side, total imports rose to $39 billion (N60.5 trillion), up from $34 billion in 2023, but still significantly below 2022 levels ($55.6 billion). The decline in imports over recent years is linked to naira depreciation and forex restrictions. While the growth in trade signals a recovery from the previous year's slump, experts warn that foreign exchange volatility, crude oil theft, and inadequate investments in the energy sector could hinder sustained progress.

SMALL BUSINESS INSIGHTS © 2025. Manage your email settings or unsubscribe. Get the Jetpack app Subscribe, bookmark, and get real‑time notifications - all from one app! Automattic, Inc. 60 29th St. #343, San Francisco, CA 94110