AGRICULTURE

Former President Olusegun Obasanjo on Monday urged commercial banks to lower their interest rates to enable farmers access loans for improved agricultural production. Obasanjo made the call at the opening ceremony of the 2017 Niger State Investment Summit held at the Justice Idris Legbo Kutigi Conference Centre, Minna. According to...

The President of the African Development Bank (AFDB), Dr. Akinwumi Adesina, says the bank will invest $24 billion in agriculture in Africa over the next 10 years. Adesina made the disclosure at the 50th-anniversary celebration of the International Institute of Tropical Agriculture (IITA) in Ibadan on Monday. The AFDB president...

Under the Agricultural Credit Guarantee Scheme (ACGS), commercial banks in the country guaranteed N424.6 million to 4,029 farmers in May 2017, the Central Bank of Nigeria (CBN) has disclosed in its late report. The report said amount represents a decline of 9.6 and 24.4 per cent below the levels in...

Dr Adetunji Oredipe, ‎the World Bank Task Team Leader, says the Graduate Unemployment Youths Support Scheme (GUYSS) will enhance food production and create job opportunities in Nigeria. Oredipe told News Agency of Nigeria (NAN) in Abuja on Thursday that GUYSS was a new initiative of the World Bank-assisted FADAMA III...

The African Development Bank (AfDB) has proposed new investment strategies in Africa’s agriculture sector, which, if properly implemented, would effectively alter the market structures around the world in favour of the African farmers of major cash crops like tea, coffee and cocoa. AfDB Vice-President for Regional Development, Integration and Business...

Olam International, the leading agri-business group operating from seed-to-shelf in 70 countries recently launched the best in class and latest micro extrusion technology fish feed, Aqualis in Warri at the Prestigious Hotel Presidential, Port Harcourt. Aqualis, the first offering from the animal feed investment from Olam International, has a high...

The Central Bank of Nigeria (CBN) has disclosed that a total of N606.2 million was guaranteed to 3,793 farmers under the Agricultural Credit Guarantee Scheme (ACGS) in January 2017. The CBN in its economy report for 2017 said the N606.2 million represented a decline of 25.3 per cent below the...

Farmers benefitting from the Central Bank of Nigeria (CBN) Anchor Borrowers’ Programme have repaid over seven billion Naira from the loans they got. The nation’s apex bank said on Wednesday. The bank said this was contrary to claims that the farmers were unwilling to pay back their loans. The CBN...

China has offered Nigeria a $4.5 billion loan for agricultural machinery and infrastructure, a Nigerian state governor said on Tuesday. Zamfara state governer Abdulaziz Yari said the loan had a 20-year repayment period at an interest rate of 1 percent. "China is giving us a credit line of $4.5 billion...

In line with its giant strides in investing across the agriculture value chain in the country, Sterling Bank Plc, has entered into a partnership with the Nigerian Export Promotion Council (NEPC) to drive the export of agricultural products in the country. The move is also part of the bank’s support...