Page 25 - Anchor Borrower Programme News Today

James Emejo in Abuja The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday challenged the university community to rise to the occasion and develop breakthrough solutions especially in seeds production to improve agricultural yields. He said the CBN would on its part, provide a commercial outlook to research breakthroughs on improved seeds by ensuring a guaranteed market by encouraging farmers to adopt those seeds under the Anchor Borrower Programme (ABP). Emefiele, w...

One of the duties of the central bank is to print money when necessary, argues Jackson Osagie The Governor of Central Bank of Nigeria (CBN) Godwin Emefiele, was all too charitable in responding to the medieval hypothesis of Mr. Godwin Obaseki, governor of Edo State who recently said that the federal government printed naira notes for sharing. Emefiele should never have dignified Obaseki with any response except he did so to explain to Nigerians the true situation of the nation’s monetary s...

Unemployment in Nigeria The March 15, 2014, stampedes that left at least 16 people dead during a recruitment exercise by the Nigeria Immigration Service (NIS) had served the major purpose of drawing global attention to the alarming rate of unemployment in the country. About 520, 000 people were shortlisted for the NIS recruitment exams, at the end of which only 4,556 would have been recruited based on the available vacancies. To register for the exams, the applicants had paid N1000 each, meanin...

• Expand operations in southern states, farmers urge CBN Farmers and their association have called on the Federal Government to use the Central Bank of Nigeria-managed Anchor Borrowers’ Programme (ABP) to deepen food production in the southern states amid insecurity in the north. x They made the call while commending various interventions of the CBN across the country, especially in rice, maize, cocoa, oil palm, poultry, and cassava production. As of Janu...

 Femi Ezekiel At a critical time like this, when developing countries have started diversifying their economies into growing the agricultural sector, Nigeria is not an exception to exploit the endowed natural resources at its disposal for guaranteeing food security, employment generation and in shoring up its internal revenue base. In Ogun State, its pilot scheme, the joint intervention of the African Development Bank (AfDB) and the International Fund for Agricultural Development (IFAD) has ...

Dry season farming: Stakeholders speak on deepening food insecurity On Kindly Share This Story: Most small-scale farmers in Nigeria rely on rainfed cultivation and do not have access to adequate water sources to engage in large-scale dry season production, leading to local shortages of important crops and high market prices in the dry season due to the lack of technique to cultivate them when the weather condition becomes harsh. The unpredictability of rainfall patterns and amount in northern ...

He noted that before the intervention, the highest rice output was 700 metric tonnes. The chairman said that the Anchor Borrower Programme (ABP) has greatly helped farmers in the state and across the country. He said: “Rice production output had increased from 700 metric tonnes to over four million metric tonnes per annum in the state. “Before now, more than 80 per cent of the rice we consume in Nigeria was imported from China, Thailand and other countries, despite ...

ABUBAKAR ATIKU BAGUDU With the launch of the 2020 wet season harvest aggregation and 2021 dry season, input distribution under the CBN-Rice Farmers’ Association of Nigeria (RIFAN) Anchor Borrowers’ Programme (ABP) in Zauro, Kebbi State, rice production in Nigeria is set to continue its growth trajectory. In its fifth year, the CBN has, through the ABP, galvanised agricultural production to meet the country’s growing population requirements. The ABP is an essential part of Presid...

The Central Bank of Nigeria (CBN) has made good its word, as it has released 50,000 metric tonnes of Maize into the Nigerian market. The Bank’s February 2021 release of Maize in fulfilment of its pledge to reduce the price of the commodity, was done through the Anchor Borrowers’ Programme (ABP) to major poultry feed producers and poultry producers in the country. The CBN facilitated release of the 50,000 metric tonnes of Maize in the second week of February, has made an impact as the Maize ...

The Chairman, Rice Farmers Association of Nigeria (RIFAN) in Kebbi, Alhaji Muhammed Sahabi-Augie, on Sunday said the total rice output produced annually in the state has reached over four million tonnes.