Page 30 - Borrower Programme News Today

Unity bank debunks report, says board working harmoniously with MD On Kindly Share This Story: Unity bank has debunked reports that its Managing Director and Chief Executive Officer, Oluwatomi Somefun, is at the risk of getting sacked following alleged sinking fortunes of the financial institution. A news website (not Vanguard) reported that the bank’s board had lost confidence in the leadership of Somefun having allegedly failed to turn around the fortunes of the bank. The bank in a reactio...

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 ...

The immediate past governor of the state, Senator Henry Seriake Dickson, was said to have applied for the loan in 2019. The state government claims the money was distributed to farmers across the state, with each of them collecting N50, 000 for bush clearing.  Many farmers in the rural communities of the state denied accessing the loan. Recently, a loyalist of former governor Dickson and an ex-general manager of Radio Bayelsa, Mr Idumange John, accused the Governor Diri-led administration of d...

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.

Over 642,860 smallholder farmers across 35 states of the federation have received support from Unity Bank Plc under the CBN’s Anchor Borrower’s Programme, ABP to boost food production and attain self-sufficiency in rice production in Nigeria. Giving the assessment at the flag-off of the 2020 wet season harvest aggregation in Kebbi State, recently, the Managing Director/Chief Executive Officer of Unity Bank Plc, Mrs. Tomi Somefun, reassured the rice farmers of the commitment of the ban...

5 min read For most farmers in Nigeria, the use of traditional farm tools to cultivate is the most tedious part of the business. Some privileged farmers like Modupe Oyetosho can afford to use machines to grow their crops. The 35-year-old graduate of Computer Science cultivates maize and cassava on a 5000-acres farm in Edo and Oyo States. Ms Modupe started farming seven years ago as a side hustle while working as a programmer before she resigned and focused on her farming. Before...

The Central Bank of Nigeria (CBN) says 3.8 million farmers have so far benefited from its Anchor Borrowers’ Programme (ABP).