The Central Bank of Nigeria (CBN) has approved the release of 50,000 metric tons of maize to 12 maize producers, from the strategic maize reserve (SMR) as part of its sustained drive towards achieving food security in Nigeria The beneficiary farming entities are Premier Flour Mills, Crown-Olam, Grand Cereals, Animal Care, Amobyn and Hybrid Feeds, […]
President of Rice Farmers Association of Nigeria (RIFAN), Alhaji Aminu Goronyo, on Thursday said that with nine million metric tons of annual rice production, Nigeria is now self-sufficient in rice production with huge potential to export to the international markets. The RIFAN leader made this disclosure in Kaduna when the Central Bank of Nigeria (CBN) […]
The Central Bank of Nigeria (CBN) on Wednesday disclosed that it had guaranteed a total of N122.632 billion loans under the Agricultural Credit Guarantee Scheme Fund (ACGSF). Making the disclosure at the National Award Ceremony for the Best Farmer of the Year 2020 under the scheme held in Abuja, the Chairman of the Fund’s Board, […]
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Monday said that Federal Government’s agricultural initiatives along with policy measures by the monetary authorities had reduced the nation’s food importation bill by 60 percent in the past three years. This is even as he disclosed that reduction in the importation of five […]
The Nigeria Incentive-Based Risk Sharing System For Agricultural Lending (NIRSAL) has restated its commitment to fulfill its mandate of enhancing various agricultural projects lending despite some complaints about its operations by some groups. The commitment came against the backdrop of recent allegations by some aggrieved groups that the agency was not taking care of all […]