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Financial matters on Agriculture simplified.
Rice Farmers Association of Nigeria (RIFAN) in Oyo State says it has received farm inputs worth N17.8 million from the Central Bank of Nigeria (CBN) through the Bank of Agriculture (BOA).
The Central Bank of Nigeria (CBN), in collaboration with the Bankers’ Committee on Thursday commenced disbursement of N26 billion Agribusiness Small and Medium Enterprises Investment Scheme (AGSMEIS) fund to the first set of beneficiaries.
With the commissioning of the $200million Ramindra Tractors Assembly Plant, at Industrial Estate Kaduna, a joint investment of the Springfield Agro Ltd and the Ramindra Tractors Manufacturing Corporation of India, Kaduna state government has stamped its feet as a destination of choice for foreign direct investment.
Rice, Cotton Value Chain: The federal government is planning to spend N3.47 billion on the development of value chain of rice and cotton – the two areas government said it is determined to attain self- sufficiency.
The Federal government has procured Agricultural produce processing machines worth six hundred and forty three million and five hundred Naira for farmers in the South East Zone.
The International Fund for Agricultural Development (IFAD) has ploughed over N2.7 billion into Benue communities to boost rice, cassava production.
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), the Federal Ministry of Agriculture and Rural Development (FARD) and the United Nations Development Programme (UNDP) at the weekend launched an $8,066,500 Nigerian Agribusiness Supplier Development Project (NASDP).
Agric Investments: The Central Bank of Nigeria (CBN) has invested no less than N25 billion under its agriculture intervention efforts in Sunti Golden Sugar, as it restates commitment to the development of the sector and its allied products.
Nigeria’s Access Bank Supports Local Farmers With $250m Loan Facility, Access Bank Plc has said that its $250million loan support scheme to Nigerian farmers and small and medium scale enterprises is yielding economic growth as Nigerians are accessing it for the optimal growth of businesses across the federation. The bank said it was doing so […]
Investment In Agriculture: The Kogi State government has said it is hoping to attract about $350 million which it would put into developing its agriculture and infrastructure within this year.
Herdsmen Insurance: The National Insurance Commission has began the pilot implementation of Index-based Agricultural Insurance products in 10 northern states that will assist farmers in accessing the federal government loans.
Establishment Of Ranches: Plateau State Government has budgeted N250 million for the establishment and management of ranches in yet to be identified locations of the state.
Cattle Project: The Sokoto State Government has initiated a regional cattle ranch to ease the lingering clashes between herders and farmers in the country. The N3 billion project would initially cover 1000 hectares with capacity to cater for 10,000 cattle.
Insurance Cover: The Federal Government is planning to increase insurance coverage for the agricultural sector from the current 500,000 farmers to 3.8 million farmers.
The management of Lift Above Poverty Organisation (LAPO) said it approved the sum of N5.7billion as a grant to empower a total of 108,367 rural farmers across 19 states of the Federation in the year 2017.