2027 agrifood system budget consultative forum ends in Lagos with call to adopt ₦10.5trn shadow budget - NaijaAgroNet

A three-day National Stakeholders Consultative Meeting on the 2027 AgriFood Systems Budget concluded Friday, at the Amber Residence, Ikeja, Lagos, with key actors in Nigeria's agricultural sector calling on the Federal Government to adopt a ₦10.5 trillion harmonised citizen shadow capital budget for 2027, reports NaijaAgroNet.

The meeting, held from August 5–7, 2026, was organized by ActionAid Nigeria (AAN), the GIZ Global Programme Sustainable Agricultural Systems and Policies (AgSys) Nigeria, the Federal Ministry of Budget and Economic Planning (FMBEP), the Federal Ministry of Agriculture and Food Security (FMAFS), Community of Agriculture Non-State Actors (COANSA) and the Department of Agriculture and Rural Development of the ECOWAS Commission.

Drop in prices, ends 3 months decline - FOA

NaijaAgroNet:

The slight decline in the FAO Food Price Index by the Food and Agriculture Organisation (FAO) in August 2017, has ended three months of consecutive increases, reports NaijaAgroNet.

Despite this, NaijaAgroNet reports that the Index, a trade-weighted index tracking international market prices for five key commodity groups remained 6 per cent above its value a year earlier.

NaijaAgroNet also reports that along with cereals, the FAO Meat Price Index dropped 1.2 per cent in the month, while the FAO Sugar Price Index slipped by 1.7 per cent was driven by favourable cane harvest prospects in leading producers Brazil, Thailand and India, as well as by weaker international demand in the wake of higher tariffs imposed by China and India.

But the FAO Vegetable Oil Price Index rose 2.5 percent, led by rising quotations for palm, soy, rapeseed and sunflower oils. And the FAO Dairy Price Index also rose 1.4 percent from July, led by greater demand for butterfat in Europe and North America.


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