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The Bank of Agriculture (BOA) has disbursed over N1.4 billion in Kogi State since inception in 1972.BOA Managing Director Kabir Muhammed Adamu made this known during the inauguration of its branch in Okene, Kogi Central.
Access Bank Plc disclosed at the weekend that it has so far secured at least $250 million from multilateral agencies for financing as low interest funds to the Micro, Small and Medium Enterprises (MSMEs) sub-sector of the Nigerian economy. The bank therefore expressed its readiness to provide funding support as well as qualitative capacity development […]
The Governor of Edo State, Mr. Godwin Obaseki has inaugurated a nine-man committee to oversee the N500 million Commercial Agricultural Credit Scheme (CACS) initiated in alliance with the Central Bank of Nigeria (CBN) to de-risk investments in agriculture in the state. Obaseki inaugurated the committee headed by the Special Adviser to the Governor on Agriculture, […]
The Central Bank of Nigeria (CBN) yesterday released the modalities for the operation of the N26.87 billion Agri-Business Small and Medium Enterprises Investment Scheme (AGSMEIS). Among other things, the scheme, approved at the Bankers Committee meeting held in February 2017, would be managed by a Special Purpose Vehicle (SPV) named Banker’s Fund Managers Limited, while […]
The President and Chairman of the Council Chartered Institute of Bankers of Nigeria (CIBN), Prof. Segun Ajibola, has identified non lending to critical sectors of the economy by commercial banks in the country was the reason the country’s economy is recording weak growth. Ajibola, who spoke at the third inaugural lecture of Caleb University, Imota, […]
Poultry farmers in Kogi are to get N4.2 million loan each for egg production under the Federal Government’s National Egg Production (NEGPRO) Scheme. Chief Tunde Badmus, the Scheme Manager and National Anchor of the programme, disclosed this at a town hall meeting with poultry farmers in Lokoja on Friday. Badmus said that NEGPRO had started […]
Rice Farmers Association for the Daura Local Government chapter reveals that it has so far registered 500 farmers for the second phase of the Federal Government’s Anchor Borrowers Agricultural Programme. This was made known by the chairman of the association, Alhaji Nura Baure, in an interview with the News Agency of Nigeria (NAN) in Daura […]
The Central Bank of Nigeria (CBN) has committed N44.1 billion to the Anchor Borrowers’ Programme (ABP) through the 13 participating financial institutions. Its spokesman, Isaac Okorafor, disclosed this during the CBN Special Day at the just concluded 2017 Lagos International Trade Fair. He said the CBN is moving into commodity associations where over 300,000 farmers […]
Kwara State Governor, Dr Abdulfatah Ahmed has disclosed that his administration has disbursed about N1billion to five hundred small holders farmers and fourty commercial farmers in the state. Besides, he said 381 kilometers of rural roads will be rehabilitated in 2018 under the Rural Access and Agricultural Marketing Project (RAAMP) in partnership with the World […]
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 […]
LAPO Microfinance Bank, a subsidiary of the Lift Above Poverty Organisation (LAPO), has disbursed N89.6 billion as loan from January to August 2017 via 447 branches in 29 states and the Federal Capital Territory, ABUJA, as part of effort to grow micro and small businesses in the country. Collectively, institutions in the LAPO system disbursed […]
The African Development Bank (AfDB) says the bank will invest 24 billion dollars in agriculture over the next 10 years to help unlock its potential and assure food security in Africa. Adesina said this at a side event of the ongoing Borlaug Dialogue International Symposium in Des Moines, Iowa, USA on Wednesday. Adesina said there […]
Anambra State Government has attracted N 60 billion investment for establishment of 4,000 hectares of Commercial Agriculture Project. This was announced during the signing of Memorandum of Understanding (MoU), between Folio Holdings Limited, and the Anambra State Government, at Governor’s Lodge, Anambra. The project is to be sited at Awba-Ofemili, Awka North Local Government Area […]
The Federal Government has listed 18 states that will benefit from the $500 million World Bank assisted the project. The National Coordinator of Rural Access and Mobility Project (RAMP), Mr. Ularamu Ubandoma, said the states will join the already benefiting ones to share from the $500 million World Bank fund. Mr. Ubandoma said this at […]
The Managing Director and Chief Executive Officer of the Bank of Agriculture (BOA), Kabir Mohammed Adamu has said N37,449,480,101.02 equivalent to 78.4 percent of the bank’s current loans portfolio is in default. According to him, the bank’s current loan portfolio is N47,212,810,354.05 to Micro, SMEs and large scale both on agricultural and nonagricultural beneficiaries out […]