Understanding CBN’s Anchor Borrowers’ Programme

CBN

Festus Akanbi examines the dynamics of the Central Bank of Nigeria’s Anchor Borrowers’ Programme launched last week, saying the effort, which is part of the CBN’s development agenda will not only create millions of jobs but that it is also capable of lifting thousands of small holder farmers out of poverty

Last week, the Central Bank of Nigeria launched an Anchor Borrowers Programme said to have been pushed by 14 states of Kebbi, Sokoto, Niger, Kaduna, Katsina, Jigawa, Kano, Zamfara, Admawa, Plateau, Lagos, Ogun, Cross-Rivers and Ebonyi for rice and wheat farmers to advance their status from small holder farmers to commercial or large growers.

Branding Nigeria through agriculture

Special events have proven to be veritable means of putting places and people under spotlight and generating awareness among the public at both local and international levels. In recent times, an upsurge of various events, in sports, entertainment, professional meetings, NGO fora, international organisations and global groups has elicited a frenzy of interests in participants,…
https://businessdayonline.com/2016/01/branding-nigeria-through-agriculture/

Lagarde Urges Banks To Increase Lending To SMEs, Agriculture

The managing director of the International Monetary Fund (IMF) Ms Christine Lagarde has called on Nigerian banks and financial institutions to increase their financial intervention to the real sector of the economy, particularly the small and medium enterprises and the agricultural sector, in order to boost economic growth.
The IMF boss also donated N1.5 million ($7,500), to the Mother Teresa Children’s Home, in Gwarimpa, Abuja, during her visit to the orphanage.

Nigerian university honours AfDB President Adesina with 2nd honorary degree

ABIDJAN, Côte d'Ivoire, 21 December 2015 / PRN Africa / — Exactly one week after receiving a similar award from the prestigious Obafemi Awolowo University Ile-Ife in Nigeria, the President of the African Development Bank, Akinwumi Adesina was awarded yet another Doctor of Science, Honoris Causa, from the Adekunle Ajasin University in Ondo State, Nigeria. The award was conferred in recognition of Adesina's outstanding contribution to the development of agriculture on the continent, his passion for fighting poverty and his exceptional pursuit for excellence.

TB Joshua's prediction for Agriculture Minister, Korean leader and Syrian war

“There are going to be unusual, uncommon challenges this year 2016 but in challenges, we children of God flourish."

Lead pastor at the The Synagogue, Church Of All Nations (SCOAN), Prophet TB Joshua, has returned to his church at Ikotun Lagos, after an eight-month absence and revealing more predictions for 2016.

On politics, he said, “One of the minority parties will be lifted up and reckoned with. Let us pray for God’s love and unity in Nigeria.”

The prophet also mentions  Agriculture Minister, Audu Ogbeh. “We have to pray for God to sustain him because much is expected from him,” Joshua declared.

Joshua further made some prediction for the Southern Africa and the

Nigeria: How Buhari's Administration Will Revive Agriculture - Ogbeh

Transporting maize to the market.

interview By Hussein Yahaya & Vincent A. Yusuf

Chief Audu Ogbeh, a farmer, is the Minister of Agriculture and Rural Development. In this exclusive interview with Daily Trust on Sunday, he explained why agriculture collapsed in Nigeria and the plans by President Muhammadu Buhari's administration to resuscitate it.

What is your assessment of Nigerian agriculture at the moment?

Buhari urged to declare emergency in agric sector

A member of the Seventh House of Representatives, Bamidele Faparusi , has urged President Muhammadu Buhari to declare an emergency in the agriculture sector owing to dwindling oil revenues.
He also backed the removal of oil subsidy as mooted by the Federal Government and supported by the All Progressives Congress (APC) National Leader, Asiwaju Bola Tinubu.
Faparusi described the fund as opportunity for some fraudulent Nigerians to amass ill-gotten wealth.
Speaking in Ado Ekiti yesterday, Faparusi praised Buhari for the

Turning agric to forex earner

• Cocoa beans farmers

Nigeria’s earnings from oil keep on tumbling, with the International Monetary Fund (IMF) predicting the price could go down to $20 per barrel this year. Agriculture experts are divided on how to redress the situation. To some, more money can come in through agro exports mix. But others argue that there are impediments to using such a step to improve the nation’s balance sheet, DANIEL ESSIET reports.
The falling oil price is affecting the nation’s export revenues significantly.

Why SMEs Perform Poorly In Agriculture, Mining Sectors – Masari

In the 2013 National MSME Survey report, the agriculture and mining sectors had a poor show with 1, 536 and 245 numbers of small and medium enterprises operating in the sector respectively. In this interview with AGBO-PAUL AUGUSTINE, the director-general, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Bature Umar Masari gives reasons for the weak numbers.
In the 2013 National MSME Survey Report, agriculture and mining appear to have a small number of SMEs. What could be the reason?
It is quiet true that the result of the national survey on SME which came out early last year in collaboration with the National Bureau of Statistics

Wheat output may drop for 2nd year straight due to warm winter

NEW DELHI: Wheat production in India, the world's second-largest producer, is likely to fall below 90 million tonnes (MT) for the second year in a row in 2015-16 due to an unusually dry and warm winter.

Wheat output had declined to 88.95 MT in 2014-15 due to to poor monsoon and unseasonal rains in February-March, as against a record 95.85 MT achieved in the previous year.

EVALUATING FOREIGN AGRO INVESTMENT INFLOWS’ IMPACT ON NIGERIA’S ECONOMY

The fundamental roles agricultural sector is expected to play in the nation’s national development have continued to be undermined by sundry challenges, thereby causing serious distortions in the economy.. As the new drive towards diversification of the economy gathers greater momentum, experts believe that if the current interest of foreign investors in the sector is properly harnessed through appropriate policy measures, the road to Nigeria’s sustained and balanced socio-economic development may have been charted. ABOLAJI ADEBAYO reports