Close Menu
    Trending
    • DOJ subpoenas Walz, Ellison, Frey, Minnesota officials in probe alleging immigration obstruction, sources say
    • Trump undermined antiwar vows in first year. Will Democrats seize on this? | News
    • I am bigger than your father — Wizkid tells Seun Kuti
    • The Best Designs At Milan Fashion Week Men Fall/Winter 2026
    • AFCON: Ex-West Ham goalie, Shaka Hislop explains why Hakimi, ball boys took Nwabali, Mendy’s towels
    • City humbled in Norway as Rodri sees red
    • Faith & Finance: Inside Nigeria’s new tax deal with churches, mosques
    • FCT doctors hail Wike over 13 months hazard allowance, wage award
    Nigeria Newz
    • Home
    • Nigeria News
    • Nigeria Politics
    • Africa News
    • World News
    • US News
    • Nigeria Lifestyle
    • More
      • Nigeria Business
      • Nigeria Economy
      • Entertainment
      • Nollywood Movies
      • Relationship
      • Soccer
      • Sports
      • Travel News
    Nigeria Newz
    Home»Nigeria Business»Nigeria Risks $4bn Yearly Loss Over Failure To Meet EU Deforestation Rules – Report
    Nigeria Business

    Nigeria Risks $4bn Yearly Loss Over Failure To Meet EU Deforestation Rules – Report

    NigeriaNewzBy NigeriaNewzNovember 27, 2025No Comments3 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email Copy Link
    Follow Us
    Google News Flipboard
    Share
    Facebook Twitter LinkedIn Pinterest Email


    A brand new federal authorities white paper launched in Abuja yesterday signifies that Nigeria might lose over $1 billion in direct agricultural export earnings and greater than $3 billion in whole financial worth annually if it doesn’t align with the European Union Deforestation Regulation (EUDR).

    Underneath the EUDR guidelines, commodities getting into the EU should be traceable to their precise farm boundaries, be legally produced, and be verifiably freed from deforestation.

    Nonetheless, the Ministry of Agriculture and Meals Safety, yesterday launched a nationwide technique and signed a Memorandum of Understanding (MoU) with the Nationwide Area Analysis and Improvement Company (NASRDA) to information the nation’s compliance framework.

    The minister of Agriculture and Meals Safety, Abubakar Kyari on the signing ceremony, stated the dimensions of potential loss required coordinated nationwide motion to safeguard farmers, exports and the broader economic system.

    The minister stated the nation is getting into a interval wherein information, science and clear manufacturing techniques will decide entry to international markets.

    Kyari famous that compliance shouldn’t be seen solely as a problem however as a possibility to modernise agricultural worth chains, unlock premium export markets and lift farmer incomes.

    He careworn that each one instruments and platforms developed underneath the technique should stay accessible and reasonably priced to smallholders, who type the spine of Nigeria’s agricultural economic system.

    He added that the nationwide technique was crafted via in depth collaboration involving authorities establishments, commodity associations, non-public stakeholders and improvement companions.

    The framework, he stated, is designed to safe Nigeria’s place in international provide chains at a time when environmental requirements have gotten central to commerce competitiveness.

    Underneath the brand new partnership, NASRDA will provide satellite tv for pc imagery, real-time monitoring and technical assist, whereas the ministry will coordinate farmer engagement and coverage integration.

    A joint steering committee and a nationwide accountability matrix will information the rollout, guaranteeing that farmer registrations, polygon mapping, and transaction data feed right into a single nationwide database, which would be the solely construction the EU will recognise for assessing Nigeria’s danger standing.

    “At present’s occasion is each strategic and symbolic. It’s strategic as a result of it equips Nigeria with the techniques required to stay aggressive in international markets and it’s symbolic as a result of it represents our collective resolve to guard our farmers, modernise our worth chains and construct an agricultural sector that stands robust on the worldwide stage.”

    He stated President Bola Ahmed Tinubu, has made it clear that agriculture is central to the nation’s nationwide technique for financial renewal, stability and inclusive progress.

    “Our commodities should now be traceable to the precise farm boundary, legally produced and verifiably deforestation-free”, the minister stated.

    He added, “Based on the white paper we’re launching at present, Nigeria faces the danger of shedding over one billion {dollars} in direct export earnings and greater than three billion {dollars} in whole financial worth annually if we fail to adapt.

    “We can’t enable this stage of publicity to position our farmers or our nationwide economic system at an obstacle, and we is not going to enable international rules to undermine Nigerian livelihoods or depart any farmer behind.”

     

     



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    NigeriaNewz
    • Website

    Related Posts

    APWEN Urges Indigenous Engineers To Drive Africa’s Future

    January 11, 2026

    Pre-election Liquidity, Banking, ICT To Drive Equities Market In 2026

    January 11, 2026

    Indigenous Oil Firms Tweak Growth Strategies With Fresh Stake Deals

    January 11, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Economy News

    Kilmar Abrego Garcia freed from US immigration detention, returns home | Migration News

    By NigeriaNewzDecember 12, 2025

    The Division of Homeland Safety has pledged to attraction the most recent ruling, slamming it…

    NPFL: Kwara United ready for 2025-26 Season – Chairman Titiloye

    July 29, 2025

    Coup: Finally, Jonathan leaves Guinea Bissau

    November 28, 2025

    “We’re Digging Deeper for the Future”: Tharisa Bets $547 Million on Underground Mining to Power the Clean Energy Revolution

    October 8, 2025

    on a classé (objectivement) les trucs qui peuvent se cacher derrière

    September 14, 2025
    Categories
    • Africa News
    • Entertainment
    • Nigeria Business
    • Nigeria Economy
    • Nigeria Lifestyle
    • Nigeria News
    • Nigeria Politics
    • Nollywood Movies
    • Relationship
    • Soccer
    • Sports
    • Travel News
    • US News
    • World News
    About us

    Welcome to Nigerianewz.com — your trusted source for the latest and most comprehensive news about Nigeria, Africa, and the world.

    At Nigerianewz.com, we are passionate about keeping you informed with up-to-date, accurate, and insightful news coverage across a wide range of topics that matter to you. Whether you want to catch up on Nigeria Politics, get breaking Africa News, or stay updated on global happenings through our US News and World News sections, we’ve got you covered.

    Our mission is to connect you with authentic stories, powerful voices, and engaging content that reflects the dynamism of Nigeria and the broader African continent. Nigerianewz.com is designed to be your go-to platform for everything happening at home and around the globe.

    Thank you for choosing Nigerianewz.com — where news lives, breathes, and speaks to you.

    Recent Posts

    At least 20 dead in bus fire on highway in India after jammed door traps many passengers, police say

    October 15, 2025

    PDP ‘roforofo’ fight: Court cases, Wike’s grip, ‘Criminal allegation’ deepen uncertainty

    October 26, 2025

    Former President Joe Biden undergoing radiation therapy for prostate cancer, spokesperson says

    October 12, 2025

    à Lafayette Anticipations, l’artiste Steffani Jemison dévoile ses œuvres politiques et mystiques

    December 2, 2025

    PDP not dead despite crisis – Anyanwu

    November 17, 2025
    Categories
    • Africa News
    • Entertainment
    • Nigeria Business
    • Nigeria Economy
    • Nigeria Lifestyle
    • Nigeria News
    • Nigeria Politics
    • Nollywood Movies
    • Relationship
    • Soccer
    • Sports
    • Travel News
    • US News
    • World News
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2025 Nigerianewz.com All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.