Page 21 - Anchor Borrower Programme News Today

By Benson Etuk Akwa Ibom State is endowed with numerous natural resources, the most prominent among which is oil. The state is Nigeria’s largest oil producer, accounting for over 30 per cent of the country’s oil – a fact that is known to all. What may perhaps not be known by many is the fact that Akwa Ibom is basically an agricultural state whose people have always depended on farming for existence, though at subsistent level. In fact, before oil replaced agriculture as Nigeria’s econom...

Punch Newspapers Sections Published 26 May 2021 The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said Nigeria will soon get 12 fighter jets from the United States of America to fight insecurity. He stated this while answering questions at the end of a two-day monetary policy committee meeting in Abuja on Tuesday. Emefiele said the arrival of the jets was in line with a pact made between the Nigerian and US governments three years ago. He said, “If you want an economy to grow,...

Emmanuel Egobiambu   Updated May 26, 2021 The Federal Government had in February 2018 placed an order for 12 Super Tucano aircraft at a cost of $496 million.   Nigeria is expecting 12 Tucano fighter planes from the US as part of efforts towards fighting insecurity in the country.  The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele said this on Tuesday while fielding questions at the end of a two-day Monetary Policy Committee meeting in Abuja. “About three years ago, the Federal Go...

The CBN governor asks bandits to embrace Anchors Borrowers Programme.

Nigeria’s central bank decision to unified foreign exchange (FX) rates is expected to unlock a $1.5 billion loan from the International Monetary Fund (IMF) which required the convergence of the monetary policy authority’s multi-tiered exchange rates as a pre-condition for disbursement. Move to unified rates comes

Having sponsored no fewer than 900,000 smallholder farmers in rice production across the federation to benefit from CBN’S intervention fund under the Anchor Borrowers Programme, Unity Bank Plc has partnered the launching of Ekiti Rice Pyramid Project in South West Nigeria held recently. The launch is a follow-up to the unveiling of Rice Pyramid earlier in the year at Kebbi State, for the North West and Gombe State in the North East. Over 278 metric tonnes of rice paddy were on display at the ...

Views: Visits 35 The Governor of the Central Bank of Nigeria, Godwin Emefiele, says Nigeria is expecting 12 fighter jets from America to fight insecurity. Emefiele, who disclosed this in Abuja lamented how insecurity is crippling the economy, added that the arrival of the jets is in line with a pact made between the Nigerian government and the US government three years ago, Punch is reporting. He said, “If you want an economy to grow, the level of insecurity must be low because if th...

Advertisement Now in its fifth year, the ABP is the CBN intervention programme for farmers aimed at boosting food production in the country. In March 2021, the apex bank said While answering questions at the end of a two-day monetary policy committee meeting in Abuja, Emefiele said there is interconnectivity between security and economy. Advertisement “If you want an economy to grow, the level of insecurity must be low because if there is a high level of insecurity like what we see today, t...

Six fighter jets to arrive in August —Emefiele The Governor of the Central Bank of Nigeria, Godwin Emefiele, has disclosed that Nigeria will get 12 fighter planes from the United States o... The Governor of the Central Bank of Nigeria, Godwin Emefiele, has disclosed that Nigeria will get 12 fighter planes from the United States of America to help fight insecurity in Nigeria. He disclosed this while answering questions at the end of a two-day monetary policy committee meeting in Abuja on Tuesd...

The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, says claims that interventions in the agricultural sector, favours a particular section of the country are inaccurate. Emefiele spoke in Ado-Ekiti, Ekiti State while unveiling the 2020 wet season harvest aggregation and flag-off of the 2021 wet season input distribution in the South-West. The CBN chief explained that interventions in the Anchor Borrowers’ Programme (ABP) were not only about rice production but had expanded to over ...