• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Wednesday, October 8, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

Governor tips agriculture as Nigeria’s new oil

The Matters Press by The Matters Press
July 10, 2020
Reading Time: 2 mins read
0
Nigeria, WFP worry over food situation


By Anthony Areh
Governor Ben Ayade of Cross River has said that the future of Nigeria’s economy was in agriculture and not oil.

RELATED POSTS

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

Atiku’s hunger revolution, delusional – TMSG

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

Ayade made the assertion at the launching of Ogoja Rice Investment Exhibition 2020 in Calabar, where he was represented by the state’s Commissioner for Commerce, Mrs Rosemary Archibong.

“With the drying up of Nigeria’s oil wells and dwindling price of oil, agriculture is now the new oil.

“New billionaires are certainly going to emerge from the agricultural sector. With agriculture, poverty will become a thing of the past and more employment opportunities will be created in the agricultural sub-sector,” the governor said.

He called on youth to invest more in the nation’s agricultural sector rather than roam the streets looking for white collar jobs which hardly existed.

In his remark, Mr Ofana Sanctus, Chief Executive Officer (CEO) Santuscom Agro Hub, producers of Ogoja Rice, said the company planned to produce 300 to 400 tonnes of highly vitaminized rice daily in Yala Local Government Area (LGA) of Cross River.

Sanctus said that with increased production of food in the nation, insecurity would become a thing of the past.

He said that the sky was the limit for anyone who invested in rice farming in the nation.

“This is why we are opening the space for investors to come in under the crowd funding platform and benefit from the attractive and guaranteed returns on investment of 40 per cent in six months.

“It is an impressive high yield investment that you must take advantage of, don’t hesitate to make your money work for you.

”Right now, we are already expanding to 5,000 hectares because of the increasing demand for the commodity. Currently, Santuscom is producing 30 tonnes of rice daily,” he said.

Similarly, Mr Emmanuel Etim, Export Trade Promotion Advisor, Nigeria Export Promotion Council, Export Assistant Office Calabar, urged residents of Cross River to invest in the venture for food security.

Etim said that the council was willing to collaborate with Sanctuscom in the area of training the organization on how to produce for export to increase the Gross Domestic Product (GDP) of the nation.

He said they would also be exposed to bigger markets and fairs outside Nigeria.

Santuscom Agro Hub investment has six categories: the starter which goes for N100,000, the bronze for N500,000 and silver for N1 million.

Others are gold for N5 million, platinum for N10 million and the diamond package which goes for N20 million.

Tags: Agriculture
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Consumer commission, CBN, EFCC investigate violations in money lending
Economy/Technology

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

September 24, 2025
Drop your frustration, let President Tinubu be, Group picks on Atiku
Economy/Technology

Atiku’s hunger revolution, delusional – TMSG

September 23, 2025
‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG
Economy/Technology

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

September 22, 2025
2023 maritime, shipping outlook force experts to call for aid
Economy/Technology

Leap in non-oil exports gain of Nigeria:s economic diversification ‎

September 17, 2025
NBS reports increase in Inflation
Economy/Technology

Think Tank ‎projects 17% inflation rate by year-end, urges CBN to ease benchmark rate ‎

September 17, 2025
Old pension scheme beneficiaries get a boost in entitlements
Economy/Technology

‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

September 14, 2025
Next Post
Corruption caused Nigeria’s poor resource management

Nigeria moves to include governors as members of ESC

Maritime workers begins strike July 3

North Africa will witness economic contraction in 2020

Recommended Stories

Infrastructure gulp N2,7tn in Nigeria

Infrastructure critical to Africa’s growth – Expert

March 6, 2023
Economists Challenge IMF on call for further VAT increase in Nigeria

IMF needs to stop underestimating Nigeria’s economic growth potential – TMSG

July 9, 2025
Commission plans to liberate 38% illiterate Nigerians

High cost of living attracts attention of ministers, CBN, FIRS

February 7, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎
  • Atiku’s hunger revolution, delusional – TMSG
  • ‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us