Page 4 - Borrowers Programme News Today

This will go a long way to boost food security, attract private sector investment, reduce post-harvest losses, as well as add value to local agricultural produce

Last month, inflation hit another record – 26.7 per cent. It has been going up steadily for almost three years without ceasing and without an end to its upward trajectory. Imported and domestic inflation have been combining to make unofficial currency devaluation inevitable. Government deficits in the last six years contributed to the rising inflation rate. Unauthorised borrowing through Ways and Means, W&M, added to rubber stamp approval of loans to fund current expenditure led the CBN to...

Babachir Lawal, former Secretary to the Government of the Federation (SGF), has said that President Bola Tinubu appointed the Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, with what he described as “patch-patch” Curriculum Vitae (CV). Lawal, who said this while speaking during an interview on Arise News Television on Wednesday said that the new CBN governor has ‘patch-patch CV’ because he was ‘merely’ the Commissioner of Planning in Lagos State, which according ...

Imam declared, “Reducing lending costs to two per cent is not just a demand, it is a necessity for the growth of our agricultural sector. Farmers are the backbone of our nation, and affordable loans are the fuel that propels us forward.”

Remember the press conference he had after seeing President Bola Tinubu in August when naira traded for N950 to the dollar?

When a friend read the list of agriculture-related products among the 43 items that can be imported using the country’s meagre foreign reserves, he quipped, “Nigeria bade farewell to national food security.”  Just for context, the  food items which Nigeria does not have to import but foreign exchange at CBN rates would be allotted for…

Nigeria’s agriculture insurance industry has the potential to produce a premium of over $US600million due to its approximately 70 million hectares of agricultural land and variety of agricultural markets. The deputy managing director/chief operating officer of African Reinsurance Corporation (Africa Re), Mr Ken Aghoghovbia, stated this at the 3rd Africa Re Agriculture Insurance Workshop for…

There are plans by the Central Bank of Nigeria (CBN) to end its interventions around development finance as it focuses on advisory roles on economic growth,

President Bola Tinubu has maintained that his administration is reforming the economy notwithstanding the attendant excruciating pain. What do you make of Mr

  A fresh revelation from the investigative committee set up by President Bola Tinubu has revealed that former Central Bank Governor, Godwin Emefiele stole N3 trillion from two projects alone.   Top sources privy to the findings made by the committee told SaharaReporters that the whopping amount was made from COVID loans and the Anchor Borrowers' Programme Fund alone.   In July, Tinubu appointed a special investigator to probe the apex bank.