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Financial matters on Agriculture simplified.
Cocoa farmers in Osun are to get 150,000 cocoa seedlings at affordable and subsidised rates this season from the local cocoa farmers association. Mr Moses Oladipupo, the state Chairman of Cocoa Farmers Association of Nigeria (CFAN), disclosed this on Tuesday in Osogbo, said that the seedlings would be provided by CFAN. Oladipupo said that farmers […]
Mrs Augusta Osuya, Development Finance Officer (DFD), Central Bank of Nigeria (CBN), has warned that commercial banks that diverted Federal Government’s Agriculture loans, meant for farmers would be sanctioned. She gave the warning in Port Harcourt on Monday during the sensitisation workshop on the need to diversify from oil economy to agriculture. The workshop was […]
The Bank of Agriculture says it has secured 1.118 million dollars grant from the African Development Bank (AfDB) for its capacity building and institutional strengthening projects. In a statement made available on Tuesday in Kaduna, Oluremi Olaoye, the Corporate Communication Manager of the bank, said the projects would enable the bank to sufficiently serve the […]
As part of its resolve to diversify economy using agriculture, Bank of Agriculture(BOA) and Osun state Government had agreed to partner with each other to enhance collaboration between them in the area of business and farming. The Bank has also commenced disbursement of funds for farmers in Osun and Oyo states under the Anchor Borrowers […]
The Federal Executive Council (FEC) has approved 701 billion Naira payment assurance for power generating companies in Nigeria. The fund, kept by the Central Bank of Nigeria, is to enhance evacuation of power by the Transmission Company of Nigeria to the various power distribution companies in the country without wastage. The Minister of Power, Works […]
State Governments have been urged to support the Central Bank of Nigeria (CBN) to boost agriculture by creating enabling environment as means of conserving Foreign Exchange. Speaking on Tuesday in Sokoto at the CBN 23rd Seminar for Finance Correspondents and Business Editors, with the theme: Monetary Policy in a Period of Economic Uncertainty, a financial […]
Benue State Government has said over 7,000 farmers are being supported in the state by the International Fund for Agricultural Development, IFAD, Value Chain Development Programne, VCDP, to boost rice and cassava production in the country. The Commissioner for Agriculture, Mr. James Anbua, made this known at the IFAD-VCDP Commodity Alliance Forum for Farmers and […]
The Federal Government has approved the sum of N750 billion as Agricultural Intervention Fund to ensure food sufficiency in tune with its diversification agenda. Acting President, Yemi Osinbajo, disclosed this yesterday at the inauguration of the Senior Executive Course (SEC) 39 with the theme, “Science, Technology and Innovation for the Development of Agriculture and Agro-Allied […]
Cros Agro Allied Ltd, a Nigerian agribusiness company, has announced a commitment to invest $65 million in the country’s potato sector. In its investment commitment, Cros Agro has outlined plans to expand its existing potato production area to 900 ha, which will supply the company’s potato processing facilities, run by Rosenqvists Food Technologies AB, to […]
Acting President Yemi Osinbajo, SAN, is leading an urgent effort by the Federal Government to bailout poultry farmers now confronting various challenges. The poultry industry has had to contend with a number of challenges including an outbreak of Avian Influenza which affected almost 4 million birds in 2015, non-allocation of Foreign Exchange for the importation…” […]
Fidelity Bank Plc., has pledged to support ongoing efforts aimed at strengthening Nigeria’s agricultural value-chain by providing innovative funding schemes and technical advisory services to Micro Small and Medium Scale Enterprises (MSMEs) and Commercial agribusiness projects. The bank’s head, agric division, Omobola Odubanjo, disclosed this in Lagos while delivering a keynote address at a breakfast […]
The African Initiative for Rural and Agriculture Development (AIRAD) has urged the federal government to involve the private sector in the disbursement and recovery of loans to farmers in the country. Chairman and Countries Coordinator of AIRAD, Alhaji Boboi Aliyu, stated this while addressing journalists ahead of the Agriculture African Summit scheduled for next month […]
The House of Representatives on Wednesday expressed concern over the alleged harassment of Internally Displaced Persons (IDPs) in Adamawa, Borno and Yobe states over unpaid agriculture loans granted them before their displacement. This followed a motion moved by Rep. Adamu Kamale (PDP-Adamawa) on the need to halt the arrest and prosecution of returning IDPs over […]
Although, the commercial banks finance agricultural activities but their credits are urban based and so small that their impact cannot be felt in the rural areas where farming actually takes place With the recent focus of the Federal Government of Nigeria on diversification of the economy, Agriculture is being promoted in many quarters as the […]
Governor Abdulfatah Ahmed of Kwara State has expressed the determination of his administration to promote commercial farming in the state through various agricultural initiatives. Ahmed made this known in Ilorin while declaring open “Go-Veg Initiative”, a programme organised by Kwara Agro Mall for vegetable farmers in the state. The governor was represented by the state’s […]