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Rice, maize macroeconomics - By: Nasir Yammama

Despite the seeming lack of cohesion on the part of government policies and implementation, the hype ‘to return to agriculture’ is encouraging a lot of private effort and collaboration in the agricultural sector of the economy. It has also increased the level of farming activities at the grassroots and local communities thereby increasing the demand […]

How farmers can access, boost production with Anchor Borrower loans

…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 […]

Anchor Borrowers Programme: Farming Unions to join to access funding

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 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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