Category: Agric & Commodity News

CBN plans to make Nigeria rice global accepts

The Central Bank of Nigeria (CBN) said it is determined to make Nigeria one of the largest rice producer and exporter in the world, making her less dependent on petroleum money. Speaking with newsmen in Umuahia, the apex bank’s  Acting Director, Corporate Communication, Issac Okoroafor, underlined the preparedness of the CBN to make the dream…

Agriculture mechanisation a must for Nigeria, says expert

There is a need to adopt agriculture mechanisation to enhance crop productivity to feed the growing population, Country Manager/CEO, Dizengoff Nigeria Mr. Antti Ritvonen,  has said. Speaking during a Farmers’ Field day held in Ilorin, the Kwara State capital, Ritvonen said Nigeria can feed itself, Africa and other regions of the world, provided mechanisation is combined…

CBN’s Anchor Borrowers Program: 225,000 farmers to benefit from NIRSAL’S new field structure

As part of its focus on taking business-driven agriculture to the grassroots, the Nigeria Incentive-Based Risk Sharing System for Agriculture is deploying an innovative nation-wide field structure to support 225,000 farmers under the CBN Anchor Borrowers Scheme. The structure, known as the Project Monitoring Reporting and Remediation Office, has units located in each state and…

CBN through ABP Disburses N33.34bn to 146,557 farmers across 21 states

……..Exporters of Indian non-basmati rice to Nigeria has lost N752.2 billion ($2.15 billion) due to CBN ABP policy The Central Bank of Nigeria (CBN) said it established the Anchor Borrowers’ Programme (ABP) with a view to collaborate with anchor companies involved in the production and processing of key agricultural commodities. According to the Governor of…

CBN Award Heritage Bank For Out Performed Others Banks In Agriculture

L-R: CBN Deputy Governor Operations, Mr. Adebayo Adelabu presenting award “For Sustainable Transaction of The Year in Agriculture” to the MD/CEO of Heritage Bank, Mr Ifie Sekibo, who was represented by the Executive Director of the bank, Mr Jude Monye at the inaugural Nigeria Sustainable Banking Award convened by the Central Bank of Nigeria, during…

NEPC plans to develop C’River cocoa for export

The Executive Director/Chief Executive Officer, Nigerian Export Promotion Council, Mr. Olusegun Awolowo, has said that developing the Cross River State cocoa value chain for export will enhance economic growth. Awolowo spoke through the Deputy Director, National Export Office, NEPC, Mrs. Veronica Oriare, during the Cross River State Cocoa Stakeholders’ Forum and mini exhibition in Ikom…