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CBN disbursed N300bn agric loans in southern Nigeria – Emefiele

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Published 19 May 2021
The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, said on Tuesday that over N300bn had been disbursed to companies operating in southern part of Nigeria as part of its interventions in the agricultural sector.
Emefiele said this while faulting claims in certain quarters suggesting that the bank’s targeted interventions in the sector were tilted in favour of a certain section of the country.
He said companies and farmers across Lagos, Edo, Ondo, Ogun, Osun, Ekiti, Bayelsa, Rivers, Cross River states were major beneficiaries of the bank’s interventions.
Emefiele made the clarification in Ado-Ekiti, Ekiti State, while unveiling the 2020 wet season harvest aggregation and inauguration of the 2021 wet season input distribution in the South-West geopolitical zone under the CBN-RIFAN Anchor Borrowers’ Programme. ....

Nigeria General , Ekiti State , Federal Capital Territory , Abuja Federal Capital Territory , Godwin Emefiele , Borrower Programme , Central Bank , Economic Sustainability Programme , Cross River , Anchor Borrower Programme , Federal Capital , நைஜீரியா ஜநரல் , கூட்டாட்சியின் மூலதனம் பிரதேசம் , கூட்டாட்சியின் மூலதனம் பிரதேசம் , மைய வங்கி , பொருளாதார நிலைத்தன்மை ப்ரோக்ராம் , குறுக்கு நதி , கூட்டாட்சியின் மூலதனம் ,

CBN Faults Claims of Imbalance in Agric Interventions, Tasks Stakeholders on Food Security

CBN Faults Claims of Imbalance in Agric Interventions, Tasks Stakeholders on Food Security
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Ekiti State , Nigeria General , Ondo Rotimi Akeredolu , Kayode Fayemi , Osun Adegboyega Oyetola , Muhammadu Buhari , Abubakar Atiku Bagudu , Jigawa Mohammed Badaru Abubakar , Godwin Emefiele , Nigeria Commodity Exchange , Rice Farmers Association Of Nigeria , Borrower Programme , Central Bank , Government Economic Sustainability Programme , National Bureau Of Statistics , National Food Security Council , Anchor Borrower Programme , Cross River , Financial Institutions , Economic Sustainability Programme , Kebbi State , Senator Abubakar Atiku Bagudu , President Muhammadu Buhari , Vice Chairman , Ekiti State Governor , National Bureau ,

CBN mulls 1m hectares of rice cultivation in 2021

According to information in CBN s official Twitter handle, Emefiele made the statement while unveiling rice pyramids in Ekiti State, the first in the South West under the Anchor Borrowers Programme (ABP).
The News Agency of Nigeria (NAN) reports that the apex bank had earlier unveiled similar rice pyramids cultivated under the ABP in Kebbi and Gombe states.
Emefiele said that the one million hectares of rice would be cultivated through combination of Rice Farmers Association of Nigeria (RIFAN) farmers and private anchors for each planting season in 2021.
He added that the CBN was already financing about 3.1 farmers for the cultivation of 3.8 million hectares across 21 commodities through 23 Participating Financial Institutions across the country. ....

Ekiti State , Nigeria General , Nigeria Commodity Exchange , News Agency Of Nigeria , Borrower Programme , Rice Farmers Association Of Nigeria , Economic Sustainability Programme , South West , Anchor Borrower Programme , News Agency , Rice Farmers Association , Financial Institutions , நைஜீரியா ஜநரல் , நைஜீரியா பண்டம் பரிமாற்றம் , அரிசி விவசாயிகள் சங்கம் ஆஃப் நைஜீரியா , பொருளாதார நிலைத்தன்மை ப்ரோக்ராம் , தெற்கு மேற்கு , அரிசி விவசாயிகள் சங்கம் , நிதி நிறுவனங்கள் ,

Nigeria's oil output drops by 30% in four years — Investigation

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Nigeria’s oil output drops by 30% in four years Investigation
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By Udeme Akpan
In an apparent reflection of the measures taken to achieve stability in the global market by the Organisation of Petroleum Exporting Countries, OPEC, pipeline vandalism and oil theft in the Niger-Delta, Nigeria’s oil production has fallen by 30 per cent in the last four years to 1.423 million barrels per day, mb/d in 2020 from 2.041 million barrels per day, mb/d in 2017.
The figure excludes 2020 condensate production, according to the data obtained by Vanguard Energy from OPEC’s monthly market reports between 2017 and 2020.
Year-on-year, YoY, the nation’s output declined by 19.3 per cent to 1.648 mb/d in 2018 from 2.041 mb/d in 2017. ....

Muhammadu Buhari , Udeme Akpan , Bala Zaka , National Gas , Energy Vanguard , Sport Energy , Gas Excellence Centre , Central Bank , National Oil , Vanguard Energy , National Petroleum , Nigeria Oil , Organisation Of Petroleum Exporting Countries , African Development Bank , Economic Sustainability Programme , Petroleum Industry , Kindly Share This Story , Petroleum Exporting Countries , Gross Domestic Product , Nigeria Economic Outlook , Finance Act , President Muhammadu Buhari , Gas Industry , National Petroleum Policy , National Gas Policy , Economic Recovery ,

THE SOLAR ELECTRIFICATION PROJECT

The energy- for- all scheme will impact positively on the health and education sectors, writes Ofem Uket
The Minister of State for Power, Goddy Jedy Agba has said that the Rural Electrification Agency (REA) will commence the provision of solar electricity to 200 primary health centres and the distribution of solar home systems to 104 Unity Schools, across the six geo-political zones under the Economic Sustainability Programme (ESP).
The programme which is expected to be completed in 12 months, is a Presidential initiative driven by the Federal Ministry of Power tagged, Energy for All- Mass Rural Electrification. It is geared towards supporting the country’s economic recovery and growth plan to mitigate the impact of Covid-19 in the political economy of the nation. Agba declared that the mass solar electrification projects will create jobs and facilitate energy access to unserved and undeserved areas in line with federal government’s plan to have 30 per cent of its tota ....

Nigeria General , France General , Abuja Federal Capital Territory , Ahmed Salihijo , Naija Proramme , Ofem Uket , University Teaching Hospitals , Rural Electrification Agency , Communications Strategy , Ministry Of Power , Economic Sustainability Programme , Rural Electrification Fund , Energy For Mass Rural Electrification , Economies Initiative , Goddy Jedy Agba , Federal Ministry , Special Assistant , Nigeria Electrification Project , Energizing Education Proramme , Grid Extension , Energizing Economies Initiative , Solar Power Naija , Jabi Lake Mall , Federal Universities , Engr Ahmed , Managing Director ,