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Benue Activates Benfruit Plant via BIPC to Tackle ₦3.5trn Post-Harvest Losses Agriculture

Benue Activates Benfruit Plant via BIPC to Tackle ₦3.5trn Post-Harvest Losses

Benue State has launched Benfruit Juice to reduce Nigeria’s ₦3.5 trillion post-harvest losses by processing surplus fruits into juice and concentrates. The initiative targets the state’s major produce, including oranges and mangoes, aiming to reduce waste, stabilize farm prices, create jobs, and cut reliance on imported fruit juice concentrates.

May 18, 2026
Lagos Targets Bigger Slice of ₦16.14trn Food Market with New Infrastructure Agriculture

Lagos Targets Bigger Slice of ₦16.14trn Food Market with New Infrastructure

Lagos State is ramping up efforts to secure a larger share of Nigeria’s ₦16.14 trillion food market by investing in modern agricultural infrastructure and logistics systems. Central to the plan is the expansion of the Lagos Central Food Security Logistics Hub and other facilities aimed at improving storage, reducing post-harvest losses, and streamlining food distribution. The initiative is expected to boost food security, create jobs, and attract private investment.

May 18, 2026
Global Food Prices Surge to 3-Year High Over Iran Conflict, FAO Reports Agriculture

Global Food Prices Surge to 3-Year High Over Iran Conflict, FAO Reports

Food and Agriculture Organization data shows global food commodity prices have hit a three-year high, driven by geopolitical tensions and disruptions linked to the Iran conflict. The surge in the FAO Food Price Index is being fueled by rising shipping costs, energy prices, and supply chain instability affecting grains, oils, and dairy. Analysts warn the impact could worsen food inflation, especially in import-dependent developing economies.

May 18, 2026
Nigeria Plans Cooperative Bank and Digital Push to Revolutionize Agricultural Financing Agriculture

Nigeria Plans Cooperative Bank and Digital Push to Revolutionize Agricultural Financing

Federal Government of Nigeria is planning to establish the Cooperative Bank of Nigeria as part of a broader digital transformation of the agricultural sector. The initiative aims to improve access to credit for smallholder farmers and rural agribusinesses, while using digital platforms to enhance transparency, reduce intermediaries, and strengthen food security under the Renewed Hope agenda.

May 18, 2026