AGRICULTURE

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....

Dangote Rice, a subsidiary of Dangote Group is set to launch in Sokoto, Sokoto state it’s multi-million naira 25, 000 hectares of Rice Outgrower Scheme with a prospect of hundreds of thousands of employment opportunities for the rural communities inhabitants. President of the Group, Aliko Dangote disclosed at the weekend...

The Federal Government of Nigeria has come out with measures to boost local production of tomato paste. Minister of Industry and Trade, Dr. Okechukwu Enelamah, revealed the new package at the end of the Federal Executive Council (FEC) meeting in Abuja on Wednesday. According to him, “We will increase customs...

Heritage Bank Plc has disclosed plans to revolutionise the agricultural value-chain field, particularly the rice farming that will enhance agribusiness and aid economic development through its direct participation in the much lauded Anchor Borrowers’ Programme (ABP) of the Central Bank of Nigeria. Group Head, Agriculture Finance, Heritage Bank, Olugbenga Awe,...

The Managing Director/Chief Executive, Keystone Bank Limited, Mr.  Philip Ikeazor has disclosed that the sum of N300 million had been approved for primary producers in the agricultural value chain, particularly rice farmers, with plans to increase funding to N1billion in the immediate future. He also said the bank would sustain...

The President, African Development Bank (AfDB), Dr. Akinwumi Adesina has disclosed plans to launch $800 million scheme to support the agriculture sector. Adesina said the initiative called the Technology for African Agriculture Transformation (TAAT) was part of efforts designed to encourage technological innovation in the sector. He made this known...

The Central Bank of Nigeria (CBN) said on Tuesday said it’s set to begin exportation of rice by 2017, based on its Anchor Borrowers Programme for the promotion of Agriculture According to CBN, the Anchor Borrowers Programme of the CBN and the Presidential Committee on Rice Production, launched in July...

The Chairman, Senate Committee on Agriculture, Sen. Abdullahi Adamu, has supported Ebonyi State Government over the ban on the sale of foreign rice. Adamu disclosed this during the Nigeria’s Zero Hunger Initiative meeting in Abuja on Monday. The chairman was reacting to the ban by Governor David Umahi of the...

…..It will create jobs for youths, says Dickson Efforts to diversify the Bayelsa State economy beyond oil and gas is on course, with the State Government establishing an aqua-culture village, accommodating over 500 fish ponds, situated at Igbogene in the outskirts of the state capital. Speaking with journalist on Tuesday,...

Stanbic IBTC, a member of Standard Bank Group, has said it plans to increase its allocation to the agricultural sector, given the importance of the sector to job creation and economic prosperity and growth. Chief Executive of Stanbic IBTC Holdings PLC, Mrs. Sola David-Borha, reiterated this commitment at the 2016...