Page 49 - Anchor Borrower Programme News Today : Breaking News, Live Updates & Top Stories | Vimarsana

James Emejo in Abuja The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday challenged the university community to rise to the occasion and develop breakthrough solutions especially in seeds production to improve agricultural yields. He said the CBN would on its part, provide a commercial outlook to research breakthroughs on improved seeds by ensuring a guaranteed market by encouraging farmers to adopt those seeds under the Anchor Borrower Programme (ABP). Emefiele, while delivering the guest lecture, titled, ‘Jump Starting the Agricultural Revolution: the CBN Exp...

One of the duties of the central bank is to print money when necessary, argues Jackson Osagie The Governor of Central Bank of Nigeria (CBN) Godwin Emefiele, was all too charitable in responding to the medieval hypothesis of Mr. Godwin Obaseki, governor of Edo State who recently said that the federal government printed naira notes for sharing. Emefiele should never have dignified Obaseki with any response except he did so to explain to Nigerians the true situation of the nation’s monetary system. Equally charitable was the Minister of Finance, Mrs. Zainab Ahmed, who also extrapolated the ...

Unemployment in Nigeria The March 15, 2014, stampedes that left at least 16 people dead during a recruitment exercise by the Nigeria Immigration Service (NIS) had served the major purpose of drawing global attention to the alarming rate of unemployment in the country. About 520, 000 people were shortlisted for the NIS recruitment exams, at the end of which only 4,556 would have been recruited based on the available vacancies. To register for the exams, the applicants had paid N1000 each, meaning the NIS raked in about N520 million from jobless citizens. The applicants were to sit for the exam...

• 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 January 2021, the Central Bank of Nigeria (CBN) claimed it had disbursed N554.61 billion to 2,849,490 fa...

 Femi Ezekiel At a critical time like this, when developing countries have started diversifying their economies into growing the agricultural sector, Nigeria is not an exception to exploit the endowed natural resources at its disposal for guaranteeing food security, employment generation and in shoring up its internal revenue base. In Ogun State, its pilot scheme, the joint intervention of the African Development Bank (AfDB) and the International Fund for Agricultural Development (IFAD) has come into play at a right time. Notwithstanding, the present administration in the state is not leav...