Page 20 - Anchor Borrower Programme News Today

SPECIAL REPORT: Despite huge spending over decades, Nigeria unable to produce enough cassava Farmers, experts and data explain why cassava, one of Nigeria’s most iconic foods, perennially remains insufficient and expensive. Grace Ebit, a farmer in Ibogo, Biase Local Government Area of Cross River State, recalls her childhood with nostalgia. After her father lost his job in the mid-1960s, she dropped out of school and the family struggled to get food. Her distraught father began to grow cassa...

Taiwo Ojoye Published 23 June 2021The Central Bank of Nigeria and the Rice farmers Association of Nigeria have concluded plans to distribute 27,000 metric tonnes of rice paddies directly to millers nationwide on Thursday, to renew their move to address the rising cost of food prices in the Nigerian market.A statement from the CBN on Tuesday said the direct allocation from RIFAN warehouses across 16 states of the federation was sequel to the...

Despite the seeming lack of cohesion on the part of government policies and implementation, the hype ‘to return to agriculture’ is encouraging a lot of private effort and collaboration in the agricultural sector of the economy. It has also increased the level of farming activities at the grassroots and local communities thereby increasing the demand […]

The administration has done marginally better in terms of agriculture contribution to GDP.

Obinna Chima reviews the stewardship of the Central Bank of Nigeria Governor, Mr. Godwin Emefiele seven years since he assumed the mantle of leadership The Central Bank of Nigeria (CBN) Act of 2007 charges the banking sector regulator with the overall control and administration of the monetary and financial sector policies of the federal government. Although the four key objectives of the CBN includes to ensure monetary and price stability; issue legal tender currency in Nigeria; maintain exter...

Speaking at the bank’s special day at the ongoing 42nd Kaduna International Trade Fair yesterday, Mr. Osita said the bank also reduced its interest rate on CBN intervention loans from 9 to 5 percent and initially created a N150 billion Targeted Credit Facility (TCF) for affected households and SME’s through the NIRSAL microfinance Bank. Represented by the Branch Controller, Kaduna, Ahmed Mohammed Wali, he said the fund has since been increased in order to accommodate more beneficiaries, boo...

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The rice pyramids have returned across the country. The maize pyramids have returned too. These pyramids have dotted the skylines in states like Kebbi, Niger, Katsina, Jigawa, Ekiti, and a host of others. For some others like Lagos, Edo, Rivers and more, there are CBN financed industries maximizing the farm produce to make products. Police […]

…as CBN governor asks bandits to embrace scheme   Statistics from the Central Bank of Nigeria (CBN) have shown that about 2,923,937 farmers in the country have benefitted from its Anchor Borrower Programme (ABP). The statistics further show that 3,647,643 hectares have been cultivated by farmers under the programme while 21 commodity sectors have so […]

Nigeria will soon create its digital currency, the Central Bank of Nigeria said Tuesday as the bank continues to face questions over its ban on cryptocurrency transactions in the country. The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said this while addressing journalists after a two-day meeting of the Monetary Policy Committee in Abuja. He said the idea of a digital currency would soon become a reality in the country, and that the central bank has already set up its commi...