Page 30 - Borrowers Programme News Today

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By Chidinma Ewunonu-Aluko Ibadan, Feb. 9, 2021 Tomato Growers Association of Nigeria plans to employ about 40 per cent of youths in the southwest this year through expansion of farmlands. The Southwest President of the association, Mr Bamidele Ajani, made the declaration in Ibadan on Tuesday when he spoke with newsmen He said that members also planned to increase tomato production by 100 per cent with government’s assistance. Ajani said that the association had applied for funds at the CBN�...

Punch Newspapers Sections Nike Popoola About 2.85 million farmers benefitted from the Anchor Borrowers Programme from the inception of the scheme to the end of 2020. According to figures obtained from the Central Bank of Nigeria on Monday, N554.63bn had been disbursed, of which N61.02bn was allocated to 359,370 dry season farmers. The CBN also stated in its last October monthly report that under the Anchor Borrowers Programme, the sum of N1.9bn was disbursed to 2,521 farmers to cultivate 8,963 ...

Punch Newspapers Sections Friday Olokor, Maiharaji Altine James Abraham and Godwin Isenyo The Middle Belt Forum on Sunday faulted a prominent Islamic cleric, Ahmad Gumi, who asked the Federal Government to deploy budget for security in addressing the demands of bandits. The National Publicity Secretary of the MBF, Dr Isuwa Dogo, in an interview with one of our correspondents in Jos, stated that it was curious that Gumi could ask government to use taxpayers’ money to meet the demands of bandit...

news Beyond CBN’s restructuring of Nigeria Commodity Exchange Mustapha Temidayo  By Sola Oni   On Tuesday, January 26, 2021, the Governor of Central Bank of Nigeria (CBN) , Mr Godwin Emefiele addressed the first  press conference in the year where he unfolded the decision of the Monetary Policy Committee (MPC) on the  rates that will drive operations in the money market.  Expectedly, all the key indicators were retained. Monetary Policy Rate ( MPR) stays at 11.5 percen...

The President, MAAN, Bello Abubakar, made the appeal while briefing newsmen in Abuja on Tuesday. He said that the importation of maize grains at this crucial period would serve as disincentive to maize production, maize farmers and food chain system in the country. Abubakar said that the agitation of Poultry Association of Nigeria and others seeking maize importation would affect maize production in Nigeria. "The Federal Government through the CBN has approved the release of 300,000 metric ton...

Agribusiness: Maize farmers, processors condemn calls for maize importation On Assures production of 25 million metric tonnes by ending of 2021 By Gabriel Ewepu – Abuja Maize farmers and processors under the auspices of Maize Association of Nigeria, MAAN, Maize Growers, Farmers and Manufacturers Association of Nigeria, MAGFAMAN, on Tuesday, condemned calls for maize importation into the country. This was stated at a press conference by the National Presidents of the two associations, Dr Bell...

CBN takes lead role to revive commodity exchange, injects N50bn CBN takes lead role to revive commodity exchange, injects N50bn Share THE Central Bank of Nigeria (CBN) has made public the key highlights of the Inaugural Meeting of the Steering Committee on the repositioning of the Nigeria Commodity Exchange (NCX); which results in the Bank taking a lead role in the governance of a Securities and Exchange Commission (SEC) regulated entity. Following the approval to restructure, CBN will inject ...

The communique was issued at the end of the apex bank’s Monetary Policy Committee (MPC) meeting for January which began on Tuesday in Abuja. Emefiele added that the CBN also allocated huge sums of money to mitigate the adverse effects of COVID-19. “Of the CBN’s real sector interventions, under the ABP, N554.63 billion was disbursed to 2,849,490 beneficiaries in 2015, of which N61.02 billion was allocated to 359,370 dry season farmers. “In the light of the on-going synchronised efforts b...

This was disclosed during the Monetary Policy Committee meeting in Abuja on Tuesday. According to the bank, under its Covid-19 Targeted Credit Facility(TCF), 426,106 households and small businesses have received N192.6 billion, while 27,956 farmers have also shared N106.96 billion through the Agri-Business Small and Medium Enterprises Investment Scheme (AGSMEIS). CBN Governor, Godwin Emefiele made this disclosure while reading the communique from the Monetary Policy Committee meeting in Abuja o...