by Shikenan Staff Writer   on Fri, August 2, 2013 
online nigeria| weekly round up by august 1

We skip the Nigerian political scene & gossip. We go straight to finding opportunities, innovative , informative , and good to know articles that matter to Nigerians in Diaspora happening each week around the internet. Weekly Roundup | The best of Nigeria Online (July26-Aug1)


Investments in Nigeria

  • U.S agency to invest $250m in Nigeria food security : A U.S-based multinational food security company, Blumberg Grains, is to invest $250 million in large scale food storage facilities in Nigeria, a statement by the Ministry of Agriculture and Rural Development in Abuja revealed.Dr. Akinwunmi Adesina, the Minister of Agriculture and Rural Development, and Mr. Philip Blumberg, Chairman Blumberg Grains, had signed the Letter of Intent (LoI) for the establishment of the facilities.
  • Barclays’s Absa plans to expand in Nigeria with N19bn : Absa Group Limited, the Johannesburg- based lender acquiring most of parent company Barclays Plc African assets, said it’s interested in entering the Nigerian market as it boosts its presence across the continent. The bank needs a competitive advantage before it can enter the country, Absa Chief Financial Officer Mr. David Hodnett said, adding that the bank could take advantage of its experience in corporate banking.
  • Blumberg Grain plans N40bn investment in agric sector : Blumberg Grain, one of the world’s largest food security companies has unveiled plans to invest $250 million (about N40 billion) in a food processing company in the country in demonstration of its confidence in and support for the ongoing Agricultural Transformation Agenda (ATA).
  • Nigeria Attracts N480 Billion Investment for Sugar Production : In line with the country's desire to grow the industrial sector, the Minister of Industry, Trade and Investment, Olusegun Aganga, has said the country attracted $3 billion (about N480 billion) investment into the sugar sector since the implementation of the National Sugar Master Plan (NSMP).

Nigerian Real Estate News

  • ICT firm brings digital lifestlye home to Lagos : Digital Direct, the first fully fledged Information and Communication Technology outlet in Lekki Phase 1 in Lagos, has concluded plans to open its ultra-modern Information Technology experience store on the highbrow Admiralty Way to ensure a convenient digital lifestyle for the inhabitants of Lekki and its environs.

Innovation in Nigeria/Africa

  • New technology in housing delivery : A SOUTH African based Nigerian firm, Ifek-Brown Limited, has fabricated a brick/block making machine that can produce bricks/blocks at a faster rate and at affordable prices.

Opportunities for Nigerian/African

  • Indigenous firms position for competitive local patronage : The Nigerian content initiative has provided great opportunities for allied sectors of the Nigerian economy particularly the local IT companies/ OEMs to key-in on the provisions of the NOGICD Act, build capacity in-country development without compromising quality, standard and safety as well as receive a boost in line with the provisions made by the Nigerian Content Development and Monitoring Board within its mandate to empower and provide the required policy to encourage local patronage by the oil and gas industry.

Entrepreneurship in Nigeria/Africa

  • Mushroom Farming: A Cure For Nigeria’s Mono-Economy Syndrome  print : My personal experience as an agric entrepreneur has proved that farming Mushroom, Antelope, Quail, Rabbit, Grasscutter, Snail, Laboratory rat and Guinea pig is second nature. In the particular case of mushroom cultivation, its production gives small holder farmers a big chance to increase their income, improve their health and offers an alternative means of livelihood to urban and rural farmers. The process of growing mushroom is one of the easiest ways to earn a living and not much physical strength is required in its production.


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