Home Archive by category Agro Financing

Agro Financing

Agro Financing

FG TO INJECT OVER N600BN INTO AGRICULTURE FOR FOOD SECURITY — NANONO

The Federal Government is set to inject over N600 billion as stimulus-response into the agriculture sector. The Minister of Agriculture and Rural Development, Sabo Nanono, made this known in a statement signed by the Director of Information of the ministry, Mr Theodore Ogaziechi on Sunday in Abuja. The minister according to the statement, made this […]Continue Reading
Agro Financing

19,943 FARMERS BENEFIT AS NIRSAL DEPLOYS AGRO MODEL TO SUPPORT N’EAST ECONOMY

Some 19,943 farmers in Nigeria’s North East, cultivating rice, maize and soybean on 29,919 hectares of farmland in Borno, Adamawa, Taraba and Gombe States have benefitted from various incentives and inputs from the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) to aid their 2020 wet season farming. Through the CBN’s Anchor Borrower Programme, Continue Reading
Agro Financing

AGRO-ECONOMIC, CBN POLICIES DRIVING NIGERIA’S ECONOMIC RESILIENCE

Some agro-industrial stakeholders have attributed the resilience of Nigeria’s economy, which is recently rated as the largest in Africa, to a few policies implemented in the agro-economic sectors despite the general uncoordinated economic policies and activities of the Muhammadu Buhari-led administration. Notwithstanding extremely poor electricity supply, inefficient Continue Reading
Agro Financing

CBN TO FINANCE SMALL-SCALE FARMERS TO GENERATE 10 MILLION JOBS

The Central Bank of Nigeria (CBN) has disclosed plans to create 10 million jobs for small-scale farmers in the country by providing strategic financing to farmers of cassava, cocoa and other primary agricultural produce. Director of Corporate Communications of the Apex Bank, Isaac Okoroafor, said the plan includes the provision of high-yielding seedlings and extension […]Continue Reading
Agro Financing

OGUN ABP: STAKEHOLDERS AGREED ON PRODUCTION COST OF COMMODITIES

Ogun State Government and stakeholders in the Anchor Borrowers Program (ABP) have agreed on production cost of commodities. Special Adviser to the Governor on Agriculture, Dr. Adeola Odedina, who disclosed this at the Town Hall Meeting organised for the stakeholders, at the Tech Hub Complex, Kobape, Abeokuta, said the ABP is a one-stop shop that […]Continue Reading
Agro Financing

ASSOCIATION’S LEADER URGES MEMBERS TO REPAY ANCHOR BORROWERS’ LOANS

Rice Farmers Association of Nigeria (RIFAN), Nasarawa State chapter, has urged members to repay the farm inputs loan they received under the Federal Government’s Anchor Borrowers’ programme. Alhaji Abbas Ramallan, the state chairman, made the call at the Wet Season Loan Recovery meeting with local government and zonal chairmen of RIFAN in Keffi on Sunday. […]Continue Reading
Agro Financing

FLAWED ANCHOR BORROWERS’ SCHEME, RUGA, OTHERS MARRED AGRIC SECTOR IN 2019

Indications have emerged that lopsided implementation of the Anchor Borrowers’ scheme, the proposed RUGA settlement debacle, very epileptic power supply and appointment of the current minister of agriculture were some of the policies and actions that marred food production and agro-economic development of the country in 2019. Head, Commercial Agriculture and Training, Continue Reading
Agro Financing

ASSOCIATION, CBN EMPOWER SORGHUM FARMERS WITH INPUT FACILITIES

The National Association of Sorghum Producers, Processors and Marketers of Nigeria (NASPPAM), Kebbi State chapter, in collaboration with Central Bank of Nigeria (CBN) and Keystone Bank, has wet season sorghum inputs to the 2,361 farmers in the 21 local government areas of the state. Addressing the beneficiaries, the state acting Permanent Secretary in the Ministry […]Continue Reading