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Financial matters on Agriculture simplified.
The Federal Government has listed 18 states that will benefit from the $500 million World Bank assisted the project. The National Coordinator of Rural Access and Mobility Project (RAMP), Mr. Ularamu Ubandoma, said the states will join the already benefiting ones to share from the $500 million World Bank fund. Mr. Ubandoma said this at […]
The Managing Director and Chief Executive Officer of the Bank of Agriculture (BOA), Kabir Mohammed Adamu has said N37,449,480,101.02 equivalent to 78.4 percent of the bank’s current loans portfolio is in default. According to him, the bank’s current loan portfolio is N47,212,810,354.05 to Micro, SMEs and large scale both on agricultural and nonagricultural beneficiaries out […]
The Central Bank of Nigeria (CBN) says it has so far disbursed N43.92 billion to local farmers through the Anchor Borrowers Programme, an agricultural intervention programme of CBN. The acting Director of Corporate Communication of CBN, Mr Isaac Okorafor, disclosed this at CBN Special Day at the 12th Abuja International Trade Fair in Abuja on […]
Ogun State Government has made good its promise as it has paid N21m as compensation to seven communities in Ewekoro Local Government Area whose lands were acquired for agricultural purposes. The Commissioner for Agriculture, Mrs. Adepeju Adebajo who presented the cheques to the beneficiaries, said it was the first phase of payment on the 200 […]
The conservation of Seychelles’ marine resources and seafood value chains will benefit from a $20 million package approved by the World Bank. The funding comes as part of the Third South West Indian Ocean Fisheries Governance and Shared Growth Project (SWIOFish3), aimed at improving the management of marine areas and fisheries in targeted zones of […]
The Nigeria Incentive Based Risk-Sharing System for Agricultural Lending (NIRSAL) yesterday disclosed that it had successfully disbursed N2.63 billion to 24,732 rice farmers for the 2017 planting season. This, it said was in continuation of its mandate to facilitate the flow of finance to the agriculture sector and help achieve the objectives of the Economy […]
The Federal Government will spend over N17bn in this year’s dry season farming under its anchor borrower scheme. The Chief Executive Officer of the Nigeria Incentive-Based Risk Sharing Agriculture Lending (NIRSAL), Aliyu Hameed, disclosed this yesterday in Abuja at the ongoing AgrikExpo and Conference, organised by the Nigeria Agribusiness Group (NABG). Hameed said in the […]
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has facilitated the disbursement of about N66.36 billion since 2013, when it started operation, the Chief Executive Officer, Aliyu Hameed, has said. He disclosed this at the Nigeria Agribusiness Group (NABG) 2017 Conference and Agriculture Expo, held yesterday in Abuja. Hammed said the institution, which […]
The Chief Executive Officer, Dangote Group, Aliko Dangote, has said that the company would invest $4.6 billion in nation’s agricultural sector in the next five years. He listed sugar, rice, tomatoes and oil palm as some of the agricultural sectors where the monies would be invested. Mr. Dangote said this at the 6th edition of […]
Kano State Governor Abdullahi Umar Ganduje has awarded N344. 33million contract for the supply of 100 units of tractors, to revamp agriculture. The tractors will be delivered in two consignments, within 30 days, as contained in a Memorandum of Understanding between the government and an indigenous contractor, Messrs. Hello Nigeria Ltd. The Permanent Secretary, Ministry […]
In his renewed effort to boot agriculture, The Oyo State Governor, Abiola Ajimobi has notified the state’s House of Assembly of his plans to borrow N2.42 billion (£5 million) to purchase tractors for farming in the state. The governor made this known in a letter sent to the House at yesterday’s plenary and read by […]
Unity Bank Plc has supported the Central Bank of Nigeria’s (CBN’s) initiated Commercial Credit Scheme (CACS) with N24 billion disbursed to farmers. The bank said it sees agribusiness as its major strategic business focus and has effectively keyed into various intervention fund by Federal Government and CBN to boost agriculture. The lender said its commitment […]
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has entered into a N50Billion agriculture financing partnership with Stanbic IBTC Bank for the 2017/2018 dry and wet season. This is in continuation of its efforts to boost agricultural productivity and modernization by facilitating increased bank lending to the sector. The partnership will cover NIRSAL […]
Niger State Government on Wednesday signed a €49 million (N18 billion) Memorandum of Understanding with an Hungarian investor for the setting up of an Integrated farming project and a Tomatoe Paste processing factory in the state. The state governor, Alhaji Abubakar Sani Bello signed for the state government while the country representative of the Hungarian […]
A deal to attract $50 million worth of investment into Edo State has been signed by Governor Godwin Obaseki and a Singaporean firm, Tolaram Group. Special Adviser to the Governor on Media and Communication Strategy, Mr Crusoe Osagie, said in a statement in Benin, the state capital, that the deal will create about 50,000 jobs […]