Browsing category
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) and Union Bank, in a recent partnership, have earmarked N10 billion for agriculture financing in the 2018 farming season. The Managing Director of NIRSAL, Mr Aliyu Abdulhameed, who spoke at the launch of the scheme in Abuja on Friday, said that the programme was aimed […]
A Non-Governmental Organisation (NGO), Lift Above Poverty Organisation (LAPO) has disclosed that that it has spent N3.2 billion to enhance the production capacity of 98,202 rural farmers. The organisation’s Executive Director, Sabina Idowu-Osehobo made the disclosure while reviewing the performance of the LAPO Agricultural and Rural Development Initiative (LARDI). She said the money was to […]
The Bank of Industry (BOI) has signed an agreement with OXFAM for the disbursement of Two Hundred Million Naira (N200, 000,000) to OXFAM’s Village Saving and Loan Associations (VSLA) in Nassarawa, Benue and Plateau states. The funding was part of the Federal Government Enterprise and Empowerment Program (GEEP), aimed at strengthening the livelihoods capacity and […]
The British American Tobacco Nigeria Foundation (BATFN) said on Monday that it has spent over N1 billion to empower farmers in rural areas to ensure sufficient farm produce. Mrs Abimbola Okoya, the Executive Director of the foundation, said this at the presentation of the NIS 9001:2015 Quality Management System of the foundation to Standard Organisation […]
The Central Bank of Nigeria (CBN) has ordered beneficiaries of the N200 billion Commercial Agricultural Credit Scheme (CACS) to henceforth obtain insurance cover for their projects from the Nigeria Agricultural Insurance Company (NAIC). The order followed the release of the amended guidelines for the CACS in a circular signed by the Director, Financial Policy and […]
To an average poultry farmer and producer of feeds in the North, the news that Olam, a company with massive investment in rice and other crops, is now also entering the poultry industry, is a cheering one but which has left some others quite uneasy. In an exclusive interview with Daily Trust, Mr. Ade Adefeko, […]
By Adeyemi Bamidele Ezekiel The President of African Development Bank, AFDB, Dr. Akinwunmi Adeshina, on Tuesday, in Ibadan, reiterated the Bank’s pledge to increase agriculture lending by USD2.4billion over the next 10 years in Africa. This was made known to newsmen in his welcome speech at a conference in Ibadan, organized by the International Institute […]
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 […]
The Bank of Industry (BOI) Limited was established on October 2001, following the reconstruction of the Nigerian Industrial Development Bank Limited(NIDB). The bank provides financial assistance for the implementation of large, medium and small projects as well as the expansion, diversification and modernization of existing enterprises; and rehabilitation of ailing ones. The Bank of Industry […]