Browsing tag
companies Financing agro in Nigeria
30000 rice farmers in Bauchi State are to gain from the 2019 dry season rice farming lending. According to the state Chairman, Rice Farmers Association of Nigeria (RFAN) , Dr. Yahaya Adamu Yusuf disclosed during the flagging off of commodities distributions below the Anchor Borrower’s programme for this year’s farming season in Bauchi during the […]
To an average poultry farmer and producer of feeds in the North, the news that Olam, a company with massive investment in rice and other crops, is now also entering the poultry industry, is a cheering one but which has left some others quite uneasy. In an exclusive interview with Daily Trust, Mr. Ade Adefeko, […]
Nigeria is to restructure Bank of Agriculture (BOA) to facilitate farmers’ access to loans and encourage youths’ participation in farming. The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, told the News Agency of Nigeria (NAN) in Abuja that the move was to encourage farming and boost food production. According to Ogbeh, the bank’s […]
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 […]
The Minister of Agriculture and Rural Development, Chief Audu Ogbeh has assured that the $4.5bn that will come to the agriculture sector from the Chinese government as grant to Nigeria would be used to effectively boost agric mechanization even as he noted that the grant must be approached with caution. It would be recalled that […]
The World Bank Group’s Global Index Insurance Facility (GIIF) and African Reinsurance Corporation (Africa Re) have entered into an agreement to carry out a risk-sharing facility to subsidize premium for over 80million farmers in Africa. The World Bank GIIF is a multi-donor trust fund that has facilitated approximately 1.5 million contracts that cover over 6 […]
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 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 […]
Anambra state is located in southeastern Nigeria. Its name is an anglicized version of the original ‘Oma Mbala’, the native name of the Anambra River. The capital and seat of government is Awka. Onitsha,Nnewi and Ekwulobia are the biggest commercial and industrial cities, respectively. The state’s theme is “Light Of The Nation”. Introduction Agriculture is the […]
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 […]