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WIIFARM Cooperative Set To Help Members Grow Earnings In Rice Value Chain – THISDAYLIVE

WIIFARM Cooperative Set To Help Members Grow Earnings In Rice Value Chain – THISDAYLIVE
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

Ibrahim danyaroAbdulakeem abdulazeezWiifarm cooperative societyPaddy aggregation schemeGeneral secretarySoil testingRemote sensingSoil monitoring

Cooperative pledges to help members in growing rice business

As part of its mission statement to offer members the opportunity to participate profitably in the Nigerian agricultural space, WiiFarm Cooperative Society, a multipurpose cooperative society with special focus on the agricultural sector, has launched a Paddy Aggregation Scheme to enable members tap into the lucrative rice subsector. The scheme offers members a handsfree and […]

Ibrahim danyaroAbdulakeem abdulazeezWiifarm cooperative societyPaddy aggregation schemeGeneral secretarySoil testingRemote sensingSoil monitoring

A close bifocal lense appraisal of the foreign exchange debacle - By:

A close bifocal lense appraisal of the foreign exchange debacle - By:
dailytrust.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytrust.com Daily Mail and Mail on Sunday newspapers.

Simon kolawoleSaidu musa abdullahiMars incAgent network expansion facilityCentral bankDevelopment facilityMedium enterprises investment schemeBorrower programmeNational collateral registryNational food security programAgricultural credit guarantee scheme fundYouth entrepreneurship development programOil export stimulation facilityCreative industry financing initiativeEntrepreneurship development centres edcsAgricultural development scheme

Influx of foreign rice despite ban

The argument advanced by the RIPAN boss is very apt. Over the years, as a result of the Buhari administration’s enthusiasm for rice production, the Central Bank of Nigeria (CBN) invested heavily in the sub-sector. The apex bank funded the multi-billion Naira Anchor Borrowers Programme (ABP) for farmers, the Paddy Aggregation Scheme (PAS) for processors, and even the Commercial Agricultural Credit Scheme (CAC) which provides funds for agro-investors at a single-digit interest rate. Based on these measures, government has beaten its chest that Nigeria is self-sufficient in rice production, if not food production in general. To assert this position, government prohibited rice importation. But foreign rice still flooded the country’s markets due, largely, to complacency and complicity of security personnel.

Andy ekwelemRice processors association of nigeriaNigerian customs serviceCentral bankNaira anchor borrowers programmeDaily trustNigerian customsRice processors associationPaddy aggregation schemeCommercial agricultural credit schemeஅரிசி ப்ராஸெஸர்ஸ் சங்கம் ஆஃப் நைஜீரியாநைஜீரியன் சுங்க சேவைமைய வங்கிதினசரி நம்பிக்கைநைஜீரியன் சுங்கஅரிசி ப்ராஸெஸர்ஸ் சங்கம்

Despite import ban, foreign rice floods Nigerian markets

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 closed in 2019 be reopened. Some traders told our correspondents that even while the border closure lasted, the commodity was a common sight in almost every shop.

Plateau statePort harcourtNiger stateNigeria generalRivers stateCross riverAbuja federal capital territoryHatsin hajiyaIbeh mary abigailTheophilus sunitaAndy ekwelemIbrahim kunleAbdullahi babaIbrahimm gingiyuAbdullahi lapaiA musa jos