The federal government has secured a loan facility of $134m from the African Development Bank, AfDB) to help farmers boost seeds and grain production in the country.
According to first advance estimate released by Union Ministry of Agriculture, rice production is projected 6.67 million tonne higher than the previous year.
THE Department of Finance (DOF) urged rice traders to ensure that reductions in rice tariffs are passed on to consumers after rice inflation accelerated to 9.6 percent in October.
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