Page 19 - Anchor Borrower Programme News Today

•Sanwo-Olu: He is an invaluable asset to Nigeria Deji Elumoye President Muhammadu Buhari today congratulated the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, and wished him well on his 60th birthday. Buhari appreciated the economist and banker for his patriotic service to the country at a time of difficult economic challenges. The president prayed that Emefiele’s efforts would yield positive dividends for the generality of Nigerians to reap from. Buhari equally...

Share A Professor of Crop Science, Professor Samson Remison, of the Department of Crop Science, Ambrose Alli University, AAU, Ekpoma, Edo State, on Tuesday lamented that smallholder farmers in Nigeria were not able to access the Central Bank of Nigeria (CBN) interventions in the oil palm sector. Remison made this known in his keynote address during the ongoing 2021 Seed Meeting, In-house Research Review and Annual South-South REFILS workshop organised by the Nigerian Institute for Oil Palm Rese...

Economists and financial experts interviewed by Daily Trust expressed mixed feelings about the new policy and its immediate and long term implications. They predicted a shock that will further shot up the dollar rates at the parallel market, which will stabilise in the long run. They also blamed the CBN for the downside of the expunged practice. Emefiele also said the CBN will no longer continue registration of new BDCs as subsequent forex will be channelled through commercial banks. The CBN g...

James Emejo Analysts yesterday backed the views of the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, that the country may record significant strides within the next three years in current efforts to reposition the agricultural sector for greater growth. Emefiele, had during the recent inauguration of the maiden integrated farm estate established by the National Agricultural Land Development Authority (NALDA) in Daura, Katsina State, expressed optisimism that the combined e...

James Emejo The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday, said the country was likely to make significant strides over the next three years in repositioning the agricultural sector for greater growth. He said the combined efforts of the apex bank and the National Agricultural Land Development Authority (NALDA) in making land and credit available to farmers would further add to the gains so far recorded through the bank’s intervention support in the sector. The...

Is your association not captured in the CBN’s ABP? The association has been in existence for the past two years but we did not apply for ABP until last year. We applied for APB, but unfortunately, on getting to CBN, they told us the crop was not part of the programme in that year, and that we had to exercise patience. However, this year, in the speeches of the CBN Governor, Godwin Emefiele, in Kebbi, Katsina and Ekiti states, he said groundnut is part of this year’s programme. We were very ...

Those who spoke to Daily Trust frowned at how agents of some international bodies, the Federal Ministry of Agriculture, as well as the Central Bank of Nigeria (CBN) are massively mopping up grains like maize, sorghum, millet and rice from the market. According to them, while buying grains by the government is good as it is part of national security, they said the timing is wrong because this is rainy season. Prices of food items have gone up, in most cases, beyond the reach of ordinary Nigeria...

The apex bank, had since 2015, through its Anchor Borrower Programme, disbursed several millions of naira to farmers’ groups to boost, among other crops, rice, cocoa and maize production. But critics of the initiative say in most cases, only political farmers benefitted from the interventions, which development, they opined, partly responsible for the current high prices of food items in the country. Now, watchers in the system are calling on the apex bank to rework its policy on the benefici...

CBN plans price crash, releases 50,000MT of maize to Crown-Olam, others The Punch Published 29 June 2021 The Central Bank of Nigeria has approved the release of 50,000 metric tonnes of maize to 12 major producers from strategic maize reserve under the Anchor Borrowers’ Programme. According to the CBN, the release of maize to the companies, which is the third of such releases, will reduce the price of grain in the market by checking the activities of middlemen who are hoarding ...

Daily Trust reports that the release of maize to the companies, which is the third of such releases, is also intended to check the activities of middlemen aimed at hoarding the product and causing artificial scarcity. The CBN listed recipients of the grains to include Premier Flour Mills, Crown-Olam, Grand Cereals, Animal Care, Amobyn and Hybrid Feeds. Others include Obasanjo Farms, Zartech, Wacot, Sayeed Farms, Pandagri Novum and Premium Farms. Confirming this, CBN spokesman, Osita Nwanisobi, ...