Browsing author
Minister of Agriculture, Audu Ogbeh The launch of the agricultural policy of this administration two days ago is, at least for one reason, cheery news from Abuja. The public presentation of the policy document is an appropriate response to the clamour for policy articulation on the part of the federal government. Critics have rightly insisted […]
Benjamin Nworie writes that Ebonyi State has for years enjoyed the bragging rights of being called the home of local rice production in Nigeria. Ebonyi State is one of the most agrarian of the states in Nigeria. Made up predominantly of farmers, with savanna and semi tropical vegetation, humid, sandy and marshy soil, the state […]
The Central Bank of Nigeria (CBN) has assured that the manufacturing and agricultural sectors will enjoy single digit interest rates as it would fast track lending of a reserved special intervention fund earmarked for the sectors. The CBN has set aside N235 billion and N750 billion as intervention funds for the manufacturing and agricultural sectors […]
The Minister of Agriculture, Mr. Audu Ogbeh, stirred controversy when he told Nigerians that the Federal Government would import grass from Brazil for ranches and grazing reserves in Nigeria. The Minister of Agriculture, Mr. Audu Ogbeh Speaking at the inaugural townhall meeting in Abuja on June 9, 2016, Ogbeh said the move would ensure that […]
The Federal Government, yesterday, launched the agricultural sector roadmap, known as The Green Alternative, for promotion of agriculture from 2016-2020. The presentation was made by the Vice President, Prof. Yemi Osinbajo, who said government would deploy 100,000 agric extension workers to assist farmers implement the policy. Osinbajo maintained that the move to diversify the economy […]
The prices of commodities like imported rice, maize , beans, palm oil, sorghum and others have continued to rise at the Mile 12 Market in Lagos. This is reflected in the commodity index update, prepared by Novus Agro Nigeria Ltd, an agro-based firm, and made available to the News Agency of Nigeria (NAN) on Friday […]
The Lagos State Government on Wednesday restated its commitment to harness public and private investment through private sector partnership to facilitate food security in the state. This government made the assertion in a statement by the Assistant Director of Public Relations, Lagos State Ministry of Agriculture, Mr Tunbosun Ogunbanwo. The statement said the Special Adviser […]
The Kebbi Government has promised to collaborate with Niger and Benin republics to promote agricultural, economic, cultural and political relationship. Gov. Atiku Bagudu made the pledge on Monday in Birnin Kebbi when he received a delegation of farmers, traders and livestock breeders from Dosso state in Niger republic. The delegation, led by Isah Ibrahim, was […]
StanbicIBTCBank Agriculture Finance We know that the demands on an agriculture business change from season to season. So we offer structured advances and loans which take into account these seasonal trends. We offer solutions such as overdrafts, asset finance, medium-term loans, a revolving credit plan and a production loan. For more information please visit…
Commercial Agriculture Credit Scheme (CACS) CACS is N200 billion Fund established by the CBN and the Federal Ministry of Agriculture and Water Resources as a strategic response to the lingering food and energy crisis … The Scheme is a partnership between CBN/FMA&WR and FirstBank. It provides credit for fresh investment/expansion of commercial agricultural enterprises. … […]
The Fund for Agricultural Finance in Nigeria (FAFIN) The Fund for Agricultural Finance in Nigeria (FAFIN) is an innovative agriculture-focused investment fund that provides tailored capital and technical assistance solutions to commercially-viable small and medium-sized enterprises (SMEs) and Intermediaries across the agricultural sector in Nigeria using quasi-equity, equity and debt instruments to structure investments. The […]
Agricultural Credit Guarantee Scheme Fund (ACGSF) The ACGSF was established by Decree No. 20 of 1977, and started operations in April, 1978. Its original share capital and paid-up capital were N100 million and N85.6 million, respectively. The Federal Government holds 60% and the Central Bank of Nigeria, 40% of the shares. The capital base of […]
Credit Functions Bank of Agriculture credit functions are activated at the level of direct Lending, on-lending, collaboration, and monitoring of credit. This activity involves: • Direct lending to qualified loan applicants engaged in agricultural and non-agricultural small businesses • Providing credit facilities to issuing organizations through our on-lending service • Monitoring the flow of ground […]
The National Vice President of the All Farmers Association of Nigeria, Mr. Chris Onwuka , has condemned those campaigning against biotechnology in the country as he asked them to come up with scientific evidence to back their stance. Speaking at a Stakeholders meeting in Abuja recently, he said “a group came and were telling us […]
The Food and Agricultural Organisation (FAO) has expressed fears over food insecurity in Yobe following exhaustion of food stock with the massive relocation of displaced persons to the state. Alhaji Modu Gana, the FAO focal person of in the state, told the News Agency of Nigeria (NAN) in Damaturu that the state lost three years […]