Lessons for crowdfunding platforms in Nigeria’s emerging agro-financing landscape
Aderemi Ojekunle
October 13, 2020
Agriculture in today’s world has transformed beyond the traditional production of food for human consumption and animal feeds into a global financial stronghold and economic reserve. Understandably, to harness the challenges of sustaining a growing world economy and overcome the problems of food production, climate volatility, modernised policies and urbanisation trends, the agriculture sector has […]
Buhari directs trade minister to set up agro-allied industry in 36 states
Businessam StaffJanuary 24, 2020
President Muhammadu Buhari has directed the ministry of industry, trade and investment to establish agro-allied industry in each state of the federation. Mariam Katagum, the minister of state for industry, trade and investment, confirmed the development during a meeting with a delegation from the Amana Farmers and Grains Suppliers Association of Nigeria. The association was […]
Rice millers in Ebonyi get processing mill plants to ramp up production output
Kenneth AforJanuary 15, 2020
By Kenneth Afor Rice millers in Ebonyi state, the sixth largest producer of paddy in the country, recently received new rice processing mill plant from the International Fund for Agricultural Development (IFAD) under the organization’s value chain development programme (VCDP), to ramp up the state’s milling capacity of about 2 million metric tonnes annual processing […]
693 agric projects aided with loans of N101bn by NIRSAL
Businessam StaffNovember 13, 2019
Since its incorporation in 2013 by the Central Bank of Nigeria, a total of N101bn has been facilitated by the Nigerian Incentive-Based Risk Sharing System for agricultural lending from deposit money banks for the agricultural sector. Aliyu Abdulhameed, the managing director, NIRSAL, gave this figure on Tuesday in Abuja while presenting a paper at the […]
Malaysian govt. to revive the country’s 3.5MT of bauxite ore mining industry
Kenneth AforNovember 5, 2019
By Kenneth Afor After four years of inactive mining activity of bauxite ore in Malaysia, the government has announced that it will start issuing mining license to prospective miners in the country to ramp up the 3.5 million metric tonnes per annum of bauxite ore lying low in the country’s mining industry. Xavier Jayakumar, the […]
CBN to recover N36bn loans from North-East farmers
Businessam StaffNovember 4, 2019
The Central Bank of Nigeria has inaugurated a committee in all local governments in the North-East to recover N36bn loans advanced to farmers. The loan facility advanced to the farmers through the North-East Commodity Association is part of the Anchor Borrowers Programme of the Federal Government. Inaugurating the committee for Borno State and its 27 […]
FG to establish 774 farmers’ service centres
Businessam StaffOctober 29, 2019
The federal government is to establish 774 service centres for farmers across the country, Sabo Nanono, the minister of agriculture and rural development, has said. Nanono said farmers would access improved seeds and other farm inputs from the centres. He disclosed this during a town hall meeting with members of the All Farmers Associations of […]
CALCIMA says Cross River’s 200,000 mtpa palm oil primed for CBN’s N30bn expansion initiative
Ben EguzozieOctober 24, 2019
Eta Ndoma-Egba, the president of Calabar Chamber of Commerce, Industry, Mines and Agriculture (CALCIMA), says Cross River State’s 2018 production level of over 200,000 metric tonnes of palm oil per annum (mtpa) on 360,000 hectares under cultivation, involving over 18,000 farmers, makes the state primed to access the Central Bank of Nigeria’s (CBN) ongoing N30 billion palm […]
Investors’ appetite for short-term investment a driving force for digital agriculture investment platforms – Operators
Chris IkosaOctober 16, 2019
By Kenneth Afor Operators of most digital agriculture investment platforms in the country have said that one of the driving forces behind their investment platforms can be traced to investors’ appetite for the short-term investment plan. Another contributing factor behind investors’ appetite is that there are stipulated dates or period of return on investment (R.O.I) […]
Minister pledges to place priority on funding of agricultural research
Businessam StaffOctober 4, 2019
Muhamad Sabo-Nanono, minister of agriculture, on Friday, says the ministry will give priority to funding of agricultural research institutes above construction of structures. The minister stated this in an interview with newsmen while on tour of facilities at the National Animal Production Research Institute (NAPRI), Shika, Zaria, Kaduna State. He commended NAPRI for prudent management […]