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Agro Financing

Agro Financing

FOOD SECURITY: FG ROLLS OUT FARM INPUT TO 10,000 SMALLHOLDER WOMEN FARMERS

The federal government in a bid to cushion the effect of COVID -19 Pandemic andImprove food Production in the country on Thursday rolled out the distribution of agricultural inputs to about 10,000 smallholder women farmers in North central states and FCT The inputs distributed are value kits (planting materials, growth enhancer and agro-chemicals) in yam, […]Continue Reading
Agro Financing

USDA INCREASES MONEY FOR FARMERS WITH ‘PANDEMIC ASSISTANCE FOR PRODUCERS’

Agriculture Secretary Tom Vilsack announced today that USDA is establishing new programs and efforts to bring financial assistance to farmers, ranchers and producers who felt the impact of COVID-19 market disruptions. The new initiative — USDA Pandemic Assistance for Producers — will reach a broader set of producers than in previous COVID-19 aid programs. USDA […]Continue Reading
Agro Financing

STRINGENT AGRIC LOAN CONDITIONS DISCOURAGING YOUNG FARMERS

In recent years, young and old Nigerians have taken a stronger interest in agriculture and knowing where their food comes from. However, many of them have discovered that making the farm dream a reality is a lot more challenging than anticipated, especially when it comes to finding funding without acquiring a farmland Given the capital-intensive nature of […]Continue Reading
Agro Financing

ECOBANK TO PARTNER OGUN GOVT. ON AGRICULTURE, HEALTH, EMPOWERMENT

The management of Ecobank Nigeria has made a firm commitment to partner and collaborate with Ogun state government in the various sectors of the economy. Managing Director, Ecobank Nigeria, Patrick Akinwuntan made the pledge at the Executive Council chambers of the Governor’s office, Oke-mosan, Abeokuta during a courtesy visit on Governor Dapo Abiodun last week. […]Continue Reading
Agro Financing

NIGERIA INCENTIVE-BASED RISK SHARING SYSTEM FOR AGRICULTURAL LENDING

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) is an initiative of the Central Bank of Nigeria (CBN), the Bankers Committee (BC) and the Federal Ministry of Agriculture & Rural Development (FMA &RD). It provides guarantee in form of Credit Risk Guarantee (CRG) as a comfort for the Banks to lend and also […]Continue Reading
Agro Financing

FARMERS TO RECEIVE ZERO-INTEREST LOANS, FREE INPUTS IN 2020 WET SEASON —FG

The Federal Government has revealed that it would support farmers with interest-free loans and agricultural inputs as a way to cushion the impact of the COVID-19 pandemic as well as the flooding in some parts of the country. Minister of Agriculture and Rural Development, Alhaji Sabo Nanono made this known while receiving the 2020 Wet […]Continue Reading
Agro Financing

KANO AGRO PROJECT INVESTS N88 MILLION ON FODDER PRODUCTION

Kano State Agro Pastoral Development Project (KSADP) has awarded a contract for the production of fodder seeds worth N88 million, including Gambia grass, among other seeds native to tropical Africa. The livestock facility will be established on a 20-hectare seed multiplication plot at Dudduru Grazing Reserve in Ajingi Local Government Area of the state. The […]Continue Reading
Agro Financing

EKITI STATE GOVT. CALLS FOR MORE CBN SUPPORT FOR AGRIC DEVELOPMENT

Ekiti State Government has appealed to CBN to extend its support to the development of tree crops not captured under the anchor borrowers programmes and Commercial Agriculture Credit Guarantee Scheme Fund (CACGS-Fund). Dr Olabode Adetoyi, the Commissioner for Agriculture and Food Security, made the appeal on Tuesday when the management staff of the Ado-Ekiti branch […]Continue Reading