Page 28 - Borrowers Programme News Today

Spread the love (AFRICAN EXAMINER) – Farmers and other stakeholders have cried out over the negative economic impact that will hit the Nigeria’s economy following the suspension of the Anchor Borrowers Loans scheme mismanaged by the Nigeria Incentive Based Risk Sharing System for Agricultural Lending (NIRSAL). African Examiner reports that the Central Bank of Nigeria (CBN) had recently suspended all loans disbursed by NIRSAL, following widespread allegations of frauds and corruption by its ...

APC governors disown Obaseki over allegation of currency printing The Forum said it was shocked to see yet another response from Mr Obaseki to the rebuttal by the Finance Minister, insisting that the March 2021 FAAC was augmented via the printing of currency. The Progressive Governors’ Forum (PGF) has debunked claims by Governor Godwin Obaseki of Edo that the Federal Government printed between N50 billion – N60 billion in March. The forum in a statement by its chairperson, Governor Abubaka...

Charles Ajunwa The Progressive Governors’ Forum (PGF) yesterday debunked claims by Governor Godwin Obaseki of Edo State that the federal government printed between N50 billion – N60 billion to bridge the shortfall in the distribution of federation revenues to the three tiers of government in March 2021, saying that the claims did not reflect the true position of things. The Forum, in a statement signed by its Chairman, Governor Abubakar Atiku Bagudu of Kebbi State, said at first, the impres...

• 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...

Delta farmers petition Buhari over CBN/NIRSAL programme On By Paul Olayemi, Sapele Farmers under a registered Co-operative Society, Good Choice Farmers in Degele-Elume in Sapele Local Government of Delta State has appealed to the Federal Government to direct the Governor of Central Bank of Nigeria, CBN, and relevant stakeholders to intervene so that they can commence the rice wet season farming. adding that the refusal of CBN to release funds is making a mockery of the good intentions of the B...

7 min read Hope Isaac, a final year student of a Nigerian university, owns farms and bee hives in Imo State. She is the CEO of Hopifloral Resources. She practices both livestock and crop farming on four acres of land. She shares her experience with PREMIUM TIMES. PT: Can you put us through your journey in agriculture? Hope Isaac: I started going to farm with my mother in 2005, she is an agricultural economist. Then she was into cassava farming and poultry. So I continued helping...

By Ajayi Wuyiwa Nigeria is Africa’s largest country with the fastest growing population. Consequently, the nation’s food needs continue to rise. However, the increase in food production has not kept pace with population growth. This scenario is mirrored in the rising food imports and declining levels of national food self-sufficiency. Clearly, one of the main factors undermining agricultural output is the general sub-optimal yield per hectare due to low fertilizer application among ot...

Buhari, Emefiele spark Nigeria’s rice revolution On By Jackson Ugbechie The recent celebration of the 5th anniversary of the Anchor Borrowers Programme, ABP, in Kebbi State by the Federal Government spearheaded by the Governor of Central Bank of Nigeria, CBN, Mr Godwin Emefiele, was a breath of fresh air. President Muhammadu Buhari must have gushed with joy by reason of the event witnessed by many governors and members of the international community. A major component of the anniversary was ...

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 ...