The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has expressed the readiness of the Federal Government to collaborate with the Government of Netherlands on improved seeds /seedlings in order to boost agricultural productivity in the country. The Minister disclosed this Thursday when he hosted a delegation of Netherlands private investors led by the […]
The International Finance Corporation, IFC, a member of the World Bank Group, and Africa RE, a pan-African reinsurance company, have agreed to help thousands of small holder farmers in Nigeria access insurance to protect their crops and livelihoods. Under the agreement, Africa RE and IFC’s Global Index Insurance Facility will help licensed Nigerian insurance companies […]
The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has disclosed that farmers will hold 40 percent of total shares in the Bank of Agriculture (BoA) as soon as its ongoing commercialisation process is concluded by the Bureau of Public Enterprises (BPE). Ogbeh listed the shareholding structure of the bank to include the Central […]
Katsina State Government has released the sum of N2 billion to revive cotton production and boost other agricultural activities in the state. Disclosing this while flagging off the state three-day agricultural show in Kafin Soli, Kankia Local Government, the state Governor, Alhaji Aminu Masari, said that government was targeting wet and dry season farming with […]
The Central Bank of Nigeria (CBN) at the weekend disclosed that the Anchor Borrowers’ Programme had created 2.5 million jobs since its implementation started in 2015. Giving this hint during the annual bankers’ dinner in Lagos, the apex bank governor, Godwin Emefiele, disclosed that as at October 2018, a total number of 862,069 farmers, cultivating […]
The President of Cooperative Federation of Nigeria (CFN), Mr. Tajudeen Adeola, on Wednesday said that the proposed Cooperative Bank would commence operations by January next year based on arrangements made so far to actualise the dream. Adeola, who gave this hint in Abuja at the 4th National Cooperative Summit, said that the initiative to operationalise […]
First City Monument Bank (FCMB) one of the nation’s futuristic lenders, has signed a Memorandum of Understanding (MoU) with the World Savings and Retail Banking Institute (WSBI) for the purposes of increasing the bank’s support to agribusiness, its value chain and the nation’s economy. The bank stated said that the MoU outlined a framework to […]
The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, on Wednesday decried the high interest rate on bank credit for farmers in the country which he described as not conducive for agriculture and agribusiness in the country. The Minister said this during the signing of Memorandum of Understanding (MOU) between the Nigerian Agricultural Mechanization […]