…as CBN governor asks bandits to embrace scheme Statistics from the Central Bank of Nigeria (CBN) have shown that about 2,923,937 farmers in the country have benefitted from its Anchor Borrower Programme (ABP). The statistics further show that 3,647,643 hectares have been cultivated by farmers under the programme while 21 commodity sectors have so […]
The Central Bank of Nigeria disclosed earlier this year that N554.61 billion has so far been disbursed to over 3 million farmers since the inception of the Anchor Borrowers Scheme in 2015. This came before President Muhammadu Buhari’s approval of the sum of N600 billion to take advantage of this year’s rainy season and enhance food production, as Nigeria is expected to produce 60% of the country’s wheat demand.
Unity Bank CEO, Mrs Tomi Somefun, disclosed recently that her bank, which is an outlet for CBN’s Anchor Borrowers Scheme for farmers, will support 120,000 maize farmers during this year’s maize planting season.
Maize Farmers Want Buhari to Sustain Ban on Importation as Pyramids Emerge in Nigeria
Maize Farmers Want Buhari to Sustain Ban on Importation as Pyramids Emerge in Nigeria
Maize Association of Nigeria (MAAN) is urging the President Muhammadu Buhari administration to sustain the ban placed on the importation of some commodities in the country.
The trade bloc says the continuation of the policy will further enhance local capacity.
This is coming as the Central Bank of Nigeria (CBN) via the MAAN-CBN Anchor Borrowers’ Programme (ABP) unveiled the first maize pyramids in Katsina State.
On the occasion, CBN Governor, Godwin Emefiele, also flagged off the 2021 Maize Wet Season Farming to target 500,000 hectares of maize in 2021.
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Nigeriaâs Unity Bank Plc has said it will provide additional funding to no fewer than 120,000 smallholder maize farmers in Nigeria in the 2021 wet season farming in Nigeria.
Tomi Somefun, managing director/Chief Executive Officer, disclosed this while delivering a goodwill message at the unveiling of the first National Maize Pyramids and flag-off of wet season farming programmes held over the weekend in Katsina.
As a major stakeholder in the roll out of the CBNâs Anchor Borrowers Programme (ABP), Unity Bank Plc was invited to participate in the events marking the unveiling by the Maize Association of Nigeria, MAAN.
This was disclosed by Unity Bank CEO, Mrs Tomi Somefun in a statement on Friday, in Lagos.
She stated that the CBN funding during the wet season was part of the administration’s promise to farmers adding that the bank had been funding farmers through the scheme since 2019. Over 37,000 farmers received funding in 2019, while in 2020, the number of farmers rose to over 70,000.
“With agriculture contributing over 26% to Nigeria’s GDP and employing about 50% of Nigeria’s working population in the rural areas, the bank will continue to make strategic investments into the sector.
Investments are in line with the Federal Government’s quest to attain food sufficiency, diversify the economy away from oil, create jobs for the youth and reduce poverty,” she said.