AGRICULTURE

Despite concrete and visible interventions of the Central Bank of Nigeria (CBN) via the Anchors Borrowers Programme (ABP) on the rice sub-sector of the Nigerian economy, over 70 per cent of rice in Nigeria markets are foreign or imported. In a three-week survey on the rice market across the six...

  The Minister of Agriculture and Rural Development,  Mr.  Audu Ogbeh, says the Federal Government will collaborate with the government of The Netherlands on improved seeds to boost agricultural production in Nigeria. The minister spoke when he hosted a delegation from The Netherlands in Abuja, a statement said on Thursday....

The Federal Government and the Government of Brazil on Thursday inaugurated 1.1billion dollar agricultural mechanization programme that covers the entire agricultural value chain in the country. Vice President Yemi Osinbajo inaugurated the initiative, tagged “The Green Imperative” at an event attended by the Brazilian Ambassador to Nigeria, Ricardo Guerra de...

The Central Bank of Nigeria (CBN) has disclosed that 487 business owners have benefited N407 billion from its Commercial Agriculture Credit Scheme (CACS) between 2009 and 2016. The agriculture credit scheme that was introduced in 2009 is a sub-component of the Federal Government’s Commercial Agriculture Development Programme (CADP) financed from...

  The rate of inflation in Nigeria will increase further in coming months if the shortage of food caused by severe flooding in about 14 states is not adequately addressed by the Federal Government. According to the November 2018 bi-monthly report of the Financial Derivatives Company, a renowned economic think...

    …Signs N500m Investment Agreement with Katsina State to revive Songhai Project   The Group President/CE, Dangote Group, Alhaji Aliko Dangote, on Thursday, July 5, 2018, signed an agreement with Katsina State Governor for reviving and upgrading the moribund Songhai project in Dutsinma town, under a 10-year lease agreement....

The Federal Government has restated its commitment to conserving its foreign exchange through an agricultural revolution, by providing cheap funding of about five per cent to farmers. This was disclosed on Thursday by the Governor of the Central Bank of Nigeria (CBN),  Mr. Godwin Emefiele, in his remarks at the...

No fewer than 22,000 farmers in Kebbi State are to benefit from the Central Bank of Nigeria's (CBN) Anchor Borrowers programme aimed at increasing the cultivation of rice in Nigeria. The loan anchored under Nigeria Incentive-base Risk Sharing System for Agriculture Lending (NIRSAL) will be disbursed to beneficiaries by Sterling...

In its bid to strongly drive its strategic business focus on rural economy, Unity Bank Plc has developed a product called NIRSAL Farmers Savings Account specifically designed as a platform to execute a key aspect of the service level agreement for the NIRSAL UNITY BANK channel partnership to bank farmers...

The Niger State Government on Wednesday, signed a Memorandum of Understanding (MoU) with Dangote Group to establish a large scale Rice Processing Mill with a capacity of over 200,000 metric tons of paddy rice from out growers within the next three years. The MOU which was signed by the State...