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Financial matters on Agriculture simplified.
Former President, Chief Olusegun Obasanjo on Thursday, urged Nigerian banks to increase funding within the agricultural sector for higher productivity and agro produce sufficiency. Obasanjo said this in Abeokuta during the 2019 Annual Conference of the Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN). The theme of the three-day convention is “Banking in […]
No fewer than 3,050 entrepreneurs drawn from all 54 African countries are to receive funds from the Tony Elumelu Foundation (TEF), following a presentation of the selection process by Accenture Development Partners. Tony Elumelu Foundation, a leading African philanthropy that is committed to empowering African entrepreneurs, over the weekend, announced 3,050 African entrepreneurs, drawn from […]
The Central Bank of Nigeria (CBN) has disclosed plan to increase its credit guarantee to small scale farmers through its Agricultural Credit Guarantee Scheme Fund (ACGSF).
Lack of access to finance in the value chain in agriculture was described as a serious obstacle that stopped agricultural business and productivity in Nigeria. This was revealed at the end of a 5-day training workshop for agricultural value chain producers in Kano, organized by the Nigeria Risk Distribution System for Agricultural Lending (NIRSAL). Briefing […]
“Global Seed Money” Coordinator of the program “Technology for Africa Agriculture Transformation [TAAT], Mr. Christ Akim, showed that Nigeria and other African countries with a great interest in fish, soybeans, cassava, vegetables and cocoa production can now estimate initial money of $ 120 million. USA, collected by the World Bank, the African Development Bank and […]
“Agric loans” The Minister of Agriculture and Rural Development Audu Ogbe criticized the nine per cent interest rate on agricultural loans provided to farmers under the anchor borrower scheme of the Central Bank of Nigeria (CBN), describing it as outrageous. Ogbeh, who spoke at the second conference of the Food for the Future Nigerian Agricultural […]
Central Bank of Nigeria (CBN) says greater than 400,000 farmers have to this point acquired its assist from the Anchor Borrower Programme (ABP) to cultivate 12 crops, together with rice, soya, maize, palm produce, cotton and cassava.
“Zamfara Anchor Borrowers Loan” The Rice Farmers Association of Nigeria (RIFAN) has said that 33,974 rice farmers will benefit from the CBN Anchors Borrowers loan in Zamfara state. Chairman of the association Alhaji Isyaku Ajiya-Anka said the farmers were identified during the biometric data capturing exercise in the state. Ajiya said each farmer would received […]
“Experts, BOA Explain Agric Loan Conditions As Farmers Lament Poor Funding” Agricultural financing is crucial to mechanisation, productivity and food security sustainability. However, farmers’ challenges in getting facilities hamper commercial production. Head, Agric Desk, FEMI IBIROGBA, presents intricacies and ways forward. Financial experts and the Bank of Agriculture (BOA) have explained conditions attached to getting […]
The African Development Bank (AfDB) today said it will invest $120 million in the next 2-3 years to boost the productivity and transform cassava and other eight other commodities on the continent.
The Bank of Industry (BoI) and the Ebonyi State Government are to collaborate in a N4 billion matching funds to enhance the fortunes of civil servants in the state through agricultural activities.
How Finance Can Help Smallholder Farmer Improve Yield, Over the years, lack of finance has remained one of the major factors bedeviling the country’s agricultural sector and this impediment has continued to prevent farmers from investing in basic inputs, such as quality seeds, fertilizers and small-scale irrigation facilities among others needed to raise productivity and […]
The African Development Bank (AfDB) has approved US$100 million senior loan to Nigerian firm, Indorama Eleme Fertilizer & Chemicals Limited, to support the company’s plans to double its fertilizer production from 1.4 million tons of urea to 2.8 million tons per annum.
Heritage Bank Plc, one of Nigeria’s most innovative banking service provider, has reiterated its commitment to the sustenance, growth and development of the nation’s agricultural sector.
The Federal Executive Council on Wednesday approved N10.7 billion for the establishment of new 10 rice mills and N68.6 billion for road projects across the country.