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Financial matters on Agriculture simplified.
The Bank of Industry (BoI) and Bayelsa State government have unveiled a N2 billion Micro Small and Medium Enterprise (MSME) matching development fund to support entrepreneurs in Bayelsa as part of efforts to encourage value-addition to the nation’s natural resource endowments. Indeed, the development finance institution (DFI) highlighted the need to drive MSMEs especially in […]
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), says it will establish a 300 million dollar agribusiness loan project for young farmers across the country. NIRSAL is an arm of the Central bank of Nigeria (CBN) that provides agribusiness investments credit risk guarantees to help drive economic development through agriculture. The organisation also […]
The Central Bank of Nigeria (CBN) says it disbursed 2.83 billion dollars to critical sectors of the economy between December 2016 and January 2017. Mr Isaac Okorafor, the Acting Director, Corporate Communications Department of CBN, made this known in a statement on Thursday in Abuja. He said that manufacturing, raw materials and agriculture topped the […]
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), says it will establish a 300 million dollar agribusiness loan project for young farmers across the country. NIRSAL is an arm of the Central bank of Nigeria (CBN) that provides agribusiness investments credit risk guarantees to help drive economic development through agriculture. The organisation also […]
A consultant to the Economic Community of West African states (ECOWAS) Farmers Association, Mr Kolapo Raji, has advise commercial banks who offer loan facilities to farmers to desist from attaching stringent contingents to the facility that makes it unrealistic or difficult to farmers to frustrate them from accessing the loans. Raji gave the charge while […]
Deposit Money Banks (DMBs) in the country are to contribute 5 per cent of their annual Profit After Tax to an Agriculture Fund, which would be used to vigorously pursue the current administration’s efforts at diversifying the nation’s economy. The Director of Banking Supervision of the Central Bank of Nigeria (CBN) Mr. Ahmad Abdullahi, disclosed […]
No fewer than 17,000 farmers at least, have benefitted from the loans scheme of the Osun Quick Impact Intervention Programme (QUIIP) as part of the comprehensive program of the Rauf Aregbesola administration to boost agriculture. A set of 77 farmers’ cooperative groups benefited under the QUIIP I while another set of 419 farmers’ cooperative groups […]
The Lagos State Employment Trust Fund (LSETF) is a N25 billion Fund established by the state government to power SME and improve the skills of entrepreneurs, with a view to helping Lagos residents create a thriving SME economy. Specifically, the Fund was established by the Lagos State Employment Trust Fund Law 2016 to serve as […]
With the commencement of the second phase of the N10 billion Youth Entrepreneurship Support (YES) programme initiated by the Bank of Industry (BoI), beneficiaries of the scheme have commended the bank for the assisting them in the realisation of the entrepreneurial dream. YES programme is a scheme initiated by the Bank of Industry (BoI) to […]
No fewer than ten thousand youths and other small-scale farmers are to benefit from the Ogun State/Central Bank of Nigeria CBN Anchor Borrowers Programme aimed at creating employment for youths and boosting agricultural Production and food security in the state. The State Coordinator and Special Assistant to the Governor on Agriculture, Mr. Tosin Ademuyiwa disclosed […]
Dr. Manzo Daniel Maigari is the Kaduna State Commissioner of Agriculture and Rural Development. In this interview in Kaduna recently, he highlighted some of the challenges and achievements of the federal government-initiated Anchor Borrowers Programme in the state. Excerpts: How compliant have the farmers been in remitting farm produce in the anchor programme? Farmers have […]
The Sokoto State Government says it plans to distribute 15,000 bags of rice seedlings and 14, 000 water pumping machines to dry season farmers in the state. Alhaji Umaru Nagwari, the Commissioner for Agriculture, spoke on Tuesday in Sokoto, when he appeared before the State House of Assembly Committee on Agriculture to defend the ministry’s […]
The Federal Ministry of Agriculture says it will distribute agricultural inputs to 140,000 dry season rice farmers in Jigawa through the 2016/2017 Growth Enhancement Support Scheme (GEES). The Growth Enhancement Support Scheme (GESS) represents policy and pragmatic shift within the existing Fertilizer Market Stabilization Programme. It provides series of incentives to encourage the critical actors […]
Mr Godwin Akwaji, Coordinator, Anchor Borrowers Scheme, Cross River, says the Bank of Agriculture (BOA) has verified 5,473 rice farmers for the Central Bank of Nigeria (CBN) sponsored programme. Akwaji, who is also the Special Adviser to the Governor on Revenue Generation, disclosed this in an interview with the News Agency of Nigeria (NAN) in […]
An industrialist, Chief Chamberlin Okechukwu Adiaso, has given a N100million loan to farmers in Abia State. Adiaso, Mayfair Project Ltd Managing Director, said the loan was disbursed through the Nma Abia Co-operative Society. He spoke during opening of an hospital in honour of his mother Mercy Adiaso in Obieketa autonomous community in Isiala Ngwa South […]