Farmers Get N615 Billion CBN Agric Intervention 

Farmers Get N615 Billion CBN Agric Intervention 

The Central Bank of Nigeria (CBN) has disclosed that as at August 20 2018, the total amount released under the Commercial Agriculture Credit Scheme (CACS) to participating banks for disbursement since the inception of the scheme is N615.43 billion. The fund was for a total 568 projects. In addition, a total of N499.22 million was guaranteed to 4,172 farmers under the Agricultural Credit Guarantee Scheme (ACGS) in August 2018. The amount represented a respective increase of 32.9 per cent and 7.8 per cent above the levels at the end of…

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Domestic Rice Production Threatened By Flood

Domestic Rice Production Threatened By Flood

The heavy flood in about 14 states may lead to shortage of rice across the country next year, the Federal Government has warned. It warned that if adequate measures were not taken to replant the rice affected by severe flood in some states, Nigeria might experience shortage of the staple by 2019. The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, stated these at the inauguration of the National Agricultural Seed Council Molecular Facility and the 2018 Seed Fair and Farmers’ Field Day in Abuja on Thursday. According to…

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Nigeria Spends N191.7bn On Maize Importation 

Nigeria Spends N191.7bn On Maize Importation 

The Central Bank of Nigeria (CBN)’s decision to halt maize importation through its Anchor Borrowers Programme seems not to have yielded much result as 1.45 million tons of maize valued at ($532.1 million) had been ferried into the country to meet industrial and domestic demand between 2016 and September, 2018. These imports were from Russia, Brazil and United States of America following the high domestic demand for animal feed in the country. Maise importation had surged by 187 per cent since 2015 when imports jumped from 200,000 tons to 650,000…

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Agriculture Ministry Partner Graduate Association body On Recycling

Agriculture Ministry Partner Graduate Association body On Recycling

The Federal Government, through the Federal Ministry of Agriculture and Rural Development, has signed a Memorandum of Understanding with the Agriculture Graduates Association of Nigeria for the recycling of waste to organic fertiliser. It was learnt that the first waste recycling plant under the MoU would be constructed in Abuja and was scheduled to commence operations in the first quarter of next year. The Director, Extension Department, FMARD, Ime Umoh, stated at a press briefing in Abuja on Monday that the ministry would provide technical support for the project, while…

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States Yet To Provide Land For Ranches

States Yet To Provide Land For Ranches

The Federal Government has decided to use some of its own land in various parts of the country for the establishment of ranches in order to put an end to clashes between herders and farmers across the nation. It was learnt that the Federal Government’s decision was prompted by the continued delay of state governments in providing land for ranches. Our correspondent gathered that the Federal Government would use its land as well as some identified grazing reserves for the establishment of ranches. On July 14, 2018, it was exclusively…

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World Bank : Export Farmers Earning Rises By N303Billion

World Bank : Export Farmers Earning Rises By  N303Billion

The World Bank Fadama III AF Project Task Team Leader, Dr. Adetunji Oredipe has said that farmers participating under the Fadama III Additional Financing earned about  N303 billion from the cultivation of four advantage crops supported by the project.  Oredipe listed the projects to include rice, cassava, sorghum, and tomato.  The team leader stated this in Abuja during a special award ceremony organised by the National Fadama Coordination Office to recognise staff and stakeholders that contributed towards the successful implementation of the project in Nigeria.  In a statement made available…

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NAIC Advice Farmers On Flood Insurance

NAIC Advice Farmers On Flood Insurance

The Managing Director, Nigerian Agricultural Insurance Corporation, Mrs Folashade Joseph, has said NAIC sympathises and assures its insured farmers in the various states, being ravished by floods, that the corporation is very mindful of its corporate responsibility to give them relief and plough them back to prosperity through the prompt payment of appropriate compensations. In a statement, she said, “While the corporation encourages its dear insured farmers to make all efforts possible to avert and minimise the untoward effects of the torrential rains and floods on their farms, they should…

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Agric Ministry Partner Farmers On Local Rice Pricing

Agric Ministry Partner Farmers On Local Rice Pricing

The Federal Government on Thursday called for the support of farmers to make the price of local rice more affordable for Nigerians. The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, said this during a meeting with rice farmers, millers and processors. Ogbeh told stakeholders at the meeting that the need to crash the price of rice became imperative following the persistent increase in the price of the producr, especially during the Christmas period. He said the government understood many of the challenges being experienced by rice farmers, adding…

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Ethiopian Airlines Partners Chadian Government On National Carrier

Ethiopian Airlines Partners Chadian Government On National Carrier

Ethiopian Airlines, the largest Aviation Group in Africa and SKYTRAX certified Four Star Global Airline, is pleased to announce that it has finalized agreements with the Government of Chad for the launch of Chad national carrier, Chadian Airways. Ethiopian has 49 percent stake in the joint venture while the Government of Chad retains 51 percent. The new Chad national carrier is planned to go into operation as of October 1, 2018.

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Farming: NIRSAL Introduces Haulage Solution For Farmers

Farming: NIRSAL Introduces Haulage Solution For Farmers

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending has developed an innovative transportation model that will tackle the bottlenecks in the haulage system for agricultural products. The model is currently undergoing a comprehensive and rigorous process of internal testing before its formal deployment. The transportation model, to be known as the Secured Agricultural Commodity Route, is a targeted, multi-pronged system anchored on a dedicated national transportation network. A statement from NIRSAL on Sunday said the objective of the new transportation model was to achieve a significant reduction in the…

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