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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 […]
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 […]
The Central Bank of Nigeria (CBN) and commercial banks are beginning to pay attention to agric-based businesses through micro-credit funding. Head of Agribusiness Department at the Union Bank of Nigeria Plc Olabode Abikoye speaks on the need for increased funding for the sector and how it can be turned to a major foreign exchange earner. […]
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 […]
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 […]
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 […]