Page 36 - Borrower Programme News Today

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

By Rabiu Sani-Ali Kano, Dec. 24, 2020 A total of 320,852 farmers registered in 12 states under the CBN’s Anchor Borrower Programme (ABP) are to participate in a dry season rice cultivation programme initiated by a group, Himma National Farmers Cooperative Society. Chairman of the Society, Sheikh Bala-Lau, stated this at the closing ceremony of a two-day training exercise of 30 volunteer master trainers, on Thursday in Kano. Bala-Lau, who is also the Chairman of an Islamic Propagation Group (...

Speaking to Daily Trust in Funtua, president of the Maize Association of Nigeria (MAAN), Dr Abubakar Bello Funtua, said the association was at the aggravation level where farmers brought their produce as part of their loan recovery. “For the dry season cultivation this year, CBN will support us because we want to bridge the gap created by what happened in the first six months because of COVID-19 and flooding. “CBN is going to finance about 750,000 with some other commodity associations. Def...

Emefiele, whose message was delivered by Mr Edward Adamu, CBN’s Deputy Governor, Corporate Services, noted that “With a population of about 200 million people, importation of any major food item will continually drain the country’s external reserves, export our jobs to countries where those food items are produced and distort our commodity value chains as we will not be able to guarantee the supply of raw materials for the agro-allied companies.’’ The CBN governor, who stressed the co...

The Central Bank Governor (CBN) Governor, Mr. Godwin Emefiele, on Thursday, highlighted the impact of the Anchor Borrowers’ Programme (ABP), that was set up to finance smallholder farmers. He said the programme has revolutionised agricultural credit financing and remained the fulcrum of transformation initiatives in the sector. He also said through the use of technology to boost productivity, the apex bank will work with farmers to achieve one million hectarage cultivation during the 2020 dry...

By Fri Dec 11 2020 The Maize Growers, Processors and Marketers Association of Nigeria (MAGPAMAN) Niger State chapter, yesterday, showcased their harvest with the return and mounting of maize pyramid. The pyramid involved the contribution of 12 bags of maize from 977 farmers who benefitted from the Central Bank of Nigeria’s Anchor Borrowers scheme as repayment for their loans during the rainy season farming. Speaking at the event in Minna, yesterday, the state Chairman of MAGPAMAN, Mallam Muha...