ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home News

Floods: FG gets N109.3bn support, constructs mini-dams 

Business 360 by Business 360
November 2, 2022
in News
0
Australia Floods: Thousands evacuated as downpours worsen

The Federal Government has received $249m (N109.3bn at Tuesday’s official exchange rate of N439.02/$) from the African Development Bank ($244m) and the International Fund for Agricultural Development ($5m) for flood impact mitigation and food production.

It has also commenced the construction of mini-earth dams and is currently restocking the country’s strategic food reserves with 200,000 metric tonnes of assorted commodities. The Minister of Agriculture and Rural Development, Mahmood Abubakar, disclosed this at a press briefing in Abuja to explain how the government was ameliorating the disruptions of food production by the recent flood incidents in Nigeria.

He said the devastating impact, damage and loss of lives and property due to flood were becoming an annual event in many parts of Nigeria. To guide its interventions, Abubakar said the Federal Ministry of Agriculture and Rural Development in collaboration with relevant ministries and agencies carried out the 2022 wet season Agricultural Performance Survey across the country.

He explained that this was to provide empirical data to support the amelioration of the adverse effects of floods and ensure increased food production in Nigeria. The minister said the government received support from international partners, donor agencies and collaborators for emergency food production and mitigation of the impact of flood disasters in Nigeria.

Previous Post

PMI drops marginally by 0.1 points to 53.6 points

Next Post

Senate suspends budget defence over minister’s summons refusal

Business 360

Business 360

Next Post
Senate passes Finance Bill 2020

Senate suspends budget defence over minister’s summons refusal

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FMDQ Exchange Admits Flour Mills of Nigeria’s ₦30.00bn Commercial Paper Notes

FMDQ Admits TSL SPV PLC ₦12.00 billion Series 1 Guaranteed Fixed Rate Infrastructure Bond to its Platform

March 11, 2021
NIBSS Downtime Causes Delays in Electronic Transactions, Fintechs Alert Customers

NIBSS Downtime Causes Delays in Electronic Transactions, Fintechs Alert Customers

June 7, 2024
NCAC inaugurates Creative Industry Sub-Committees

NCAC inaugurates Creative Industry Sub-Committees

September 20, 2020
Asian Stocks Hit Record High as US Tech Rebound Lifts Market Sentiment

Asian Stocks Hit Record High as US Tech Rebound Lifts Market Sentiment

February 10, 2026
‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25
Goldlink’s restructures board

Goldlink’s restructures board

10
Airtel Africa Plc gets admitted to the NSE Main Board

Airtel Africa Plc gets admitted to the NSE Main Board

6
Stallion Tank Farm resumes operations

Stallion Tank Farm resumes operations

3
Asian Stocks Head for Weekly Losses as Bond Yields and Oil Prices Rise

Asian Stocks Head for Weekly Losses as Bond Yields and Oil Prices Rise

August 21, 2026
FG Spends N611.71bn to Service First Domestic Dollar Bond

Dollar Set for Weekly Loss as US Debt Concerns Weigh on Investor Confidence

August 21, 2026
REA Deploys Mini-Grids to Strengthen Power Supply in Underserved Communities

REA to Launch Renewable Asset Management Company

August 21, 2026
United Capital Appoints New Independent Experts to UCIF Investment Committee

United Capital Discloses Insider Sale of 3,651 Shares Worth N65,170

August 21, 2026
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • Agriculture
  • AI
  • Art
  • Arts
  • Aviation
  • Banking
  • Blockchain
  • Business 360 Weekly
  • Business news
  • Business Travels
  • Capital Market
  • CHINA
  • Corporate
  • Cryptocurrency
  • Destination Business
  • East Africa
  • Economy
  • Education
  • Electric Vehicles
  • Electricty
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • EV
  • Fashion
  • Fashion
  • Feature
  • Finance
  • Gas
  • Global Economy
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Japan
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • Mortgage
  • News
  • NGOs
  • Oil
  • Petrol
  • Political Economy
  • politics
  • Real Estate
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • South Africa
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tax
  • Tech
  • Tourism
  • Transportation
  • UK
  • Uncategorized
  • US
  • West Africa
  • World

Recent News

Asian Stocks Head for Weekly Losses as Bond Yields and Oil Prices Rise

Asian Stocks Head for Weekly Losses as Bond Yields and Oil Prices Rise

August 21, 2026
FG Spends N611.71bn to Service First Domestic Dollar Bond

Dollar Set for Weekly Loss as US Debt Concerns Weigh on Investor Confidence

August 21, 2026
  • Africa
  • World
  • Our Shows

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!