Page 33 - Borrower Programme News Today

He said the intervention by was to enable the farmers embark on massive cotton production, in an effort to boost Cotton, Textile and Garment (CTG) industries in the country. He further said the farmers were expected to provide 136, 000 metric tons of cotton for the 2020 wet season based on 1.5 metric tons per hectare for onward delivery to the CBN. The president said through the ABP, CTG industries in the country where revived and had started generating employment for the teeming unemployed you...

300,000 Metric Tons of Maize to Flood Market Soon to Save Jobs in Poultry Sector 300,000 Metric Tons of Maize to Flood Market Soon to Save Jobs in Poultry Sector In February, not less than 300,000 metric tons of maize will be released into the Nigerian market by strategic anchors under the Central Bank of Nigeria (CBN) Anchor Borrowers’ Programme (ABP). This good news is coming as the Western Nigeria’s wing of Poultry Association of Nigeria (PAN) is calling on the government to intervene in...

By James Emejo Maize farmers have criticised recent agitations by some groups for the importation of the commodity as a “calculated attempt to further hinder maize production” in the country. The farmers assured that Nigeria “should be able to achieve at least 25 million metric tonnes (MMTs) of maize before the end of the year” going by the current improvement in local production capacity and funding support from the Central Bank of Nigeria (CBN) under the Anchor Borrower Programme (ABP...

By Ibrahim Bello Birnin Kebbi, Jan. 30, 2021 At least 150,000 farmers in the 21 Local Government Areas of Kebbi are to benefit from different Anchor Borrower Programme (ABP) facilities for dry and wet season farming, an official has said. The state Chairman of Wheat Farmers Association and a member of the ABP committee, Alhaji Abdullahi Argungu, disclosed this to newsmen at the end of a stakeholders’ meeting on the programme in Birnin Kebbi on Saturday. He said that civil servants, who are in...

Vanguard News 2023: PDP angling to bury Nigeria— Akpanudoedehe On By Omeiza Ajayi The opposition Peoples Democratic Party PDP may have recently touched the tiger’s tail with its advisory to the ruling All Progressives Congress APC to throw in the towel and agree that it has failed Nigerians. But the APC would have none of it as it noted that the PDP has lately been engrossed in concocted tales and ramblings on the polity, advising that Nigerians be spared the trauma of a reminder of the d...

Naija247news.com is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

TODAY January 28, 2021 Following the approval of the President, the Central Bank of Nigeria (CBN), has concluded plan to invest N50b to revamp the ailing Nigerian Commodity Exchange. CBN Governor, Godwin Emefiele disclosed this while speaking at a meeting of critical stakeholders of the industry in Abuja on Thursday. He said the meeting was aimed at putting in place the enabling structures and Framework that would lead to repositioning of the Exchange “into a commercially viable Platform in...

Adebisi Araba The managing director of African Green Revolution Forum (AGRF), Dr Adebisi Araba has advised the Federal Government to support farmers with critical infrastructures to increase productivity in the agri-food sector rather than resort to the shutting of borders if Nigeria will achieve self-sufficiency and security in food production. x Araba gave the advice In an interview with The Guardian recently where he noted the solution to food insecurity i...

Vanguard News CBN disburses N1.8trn for developmentt financing On By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, said it disbursed N1.79 trillion for financing development in nine schemes from January to September 2020. This is contained in the apex bank’s October 2020 Economic Report released last weekend. Analysis of the report shows that out of the amount disbursed, N1.19 billion was deployed to 767 projects, N491.2 billion was guaranteed to 2.6 million farmers and N113.3 billio...

Stakeholders in the value chain, including local processors and growers, have expressed dismay over the development, saying it would reverse the gains recorded in the last few years. However, some observers have blamed millers for mopping up paddy rice and processing it in piecemeal, to attract more profit, thereby sabotaging the effort of the federal government in making rice affordable to Nigerians. President Muhammadu Buhari had in December, 2020, directed that the four borders that were clo...