Kano Launches Anchor Borrowers Scheme to Enhance Rice Production

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By  Ibrahim Shuaibu in Kano

Kano State Government on Thursday in Kano formally launched the state/CBN Anchor Borrowers Scheme in its efforts to diversify agricultural production for food security, job creation and economic diversification.

The state Deputy Governor, Professor Hafiz Abubakar, who represented Governor Abdullahi Umar Ganduje at the event, explained that the scheme was in line with the federal government’s resolve to seek non-oil sources of revenue, in the light of the dwindling price of crude oil.

The Anchor Borrowers Scheme was conceived out of the CBN’s resolve to achieve a strong and viable agricultural base with more integrated value chains, enhanced food security, fewer imports and higher productivity.

The programme was also put in place to help local farmers increase production and supply of feedstock to processors, reduce importation and conserve foreign exchange.

Pointing out that it will launch the country from an oil-based to agro-inclined economy, the Deputy Governor called on farmers to embrace the scheme, introduced by the federal government in its economic diversification drive.

Hafiz, who described the scheme as innovative in the country urged the farmers to ensure they use the loan strictly for the purpose for which it was meant.

Representative of the Central Bank of Nigeria, Alhaji Abdulkadir Ahmad, said the scheme aims at creating economic linkages between smallholder farmers and reputable large-scale processors with a view to increasing agricultural output and significantly improving capacity utilisation of integrated mills.

He explained that the scheme intends to among others, provide Rice farmers, with one to five hectares of land, water pumps and fertilizer.

He said the CBN would open accounts with names of the respective farmers, who have expressed interest to participate in the scheme, as well as collate information on their requirements, so as to procure it from the companies participating in the scheme.

To this end, he said that part of the money would be made available to the farmers for the-day-to day running of their farms.

Furthermore, he said that the scheme involves extension workers, who will educate the farmers on the best practices for their plants, as well as those, who will buy their produce of which the CBN will deduct nine per cent of the profit and handover the rest to the farmers.

”An agreement will be entered into between Central Bank of Nigeria and the Rice farmers, so as to prevent future breach of trust,” he said.

In his remarks, the state Commissioner for Agriculture, Alhaji Nasir Gawuna, highlighted the significance of the scheme, as well as the necessity to work hard to achieve the set objectives.


Live Updates from the Inauguration of President Buhari

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Following his victory at the recent Presidential election, Muhammadu Buhari would be sworn in as Nigeria’s president today. He is taking over from Goodluck Jonathan who has led the country since the death of Umaru Musa Yar’Adua in 2010. His swearing-in makes history as Nigeria’s first switch of power from a ruling party to an opposition. Mr. Jonathan’s Peoples Democratic Party has ruled Nigeria since 1999 when the country returned to democracy. Mr. Buhari belongs to the All Progressives Congress. It will also be Mr. Buhari’s second time ruling Nigeria. He seized power through a military coup in 1983 but was toppled by another coup in 1985. Our reporters are at the venue of the event and will bring you live updates and details from the venue of the ceremony.

FG makes N20bn part-payment to agro dealers

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June 16, 2016

By Kashim Bello

The Federal Government says it has paid N20 billion out of the N38 billion being owed agricultural input suppliers who participated in the Growth Enhancement Support Scheme (GES) in the 2014 farming season, it has been gathered.

The Director, Farm Input of the Federal Ministry of Agriculture and Rural Development, Ohiare Jatto, who confirmed the payment, said the balance would soon be defrayed.

“Yes the money has been paid to the agro dealers and no one is being sidelined. We have assured them that they would all be paid very soon,” he said.

However, some agro dealers have raised concern over the modalities of payment, alleging that government cleared off the debt of a certain category of people at the expense of others.

An agro dealer, who craved anonymity, said: “The initial plan was for government to clear the debt in three phases, now what government has done was to clear debt owed to certain agro dealers and told others to wait until further notice.”

A source in the ministry explained that the reason for the delay in payment was because state governments were not forthcoming in offsetting their counterpart funds, adding that “the idea behind the GES programme by the previous administration was for the state governments to pay 25 per cent, the Federal Government 25 per cent while the farmers pay the rest 50 per cent for a bag of fertilizer.”

He said since the debt was inherited, the state governments had been so unwilling to offset their percentage, leaving the entire debt burden for the Federal Government.

Meanwhile, a source at the Ministry of Agriculture has given revealed something startling, saying N17 billion of the N66 billion debt was fraudulent and is being investigated.

He added that the ministry had set aside N20 billion to pay part of the debt on a pro-rata basis but refused to confirm if the sum was coming from the ministry’s capital budget of about N44 billion.

Also, contrary to insinuations that government may not embark on the scheme for farmers this year, an official of Cellulant has, however, said that the the programme would be kicked off next month.

He hinted that his company, which handles the Electronic Wallet Scheme, has kicked start training of all state directors for a hitch-free take-off.

In the meantime, stakeholders have called for the removal of subsidy on fertiliser, saying government could transfer the waiver on farm inputs to other things like providing farmers with access to market, finance at a single digit interest rate among others.

They contended that the subsidy regime only benefits the contractors and not the ordinary farmers.


kkState of The Solid Minerals Sector and way Forward

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Presented by

Dr. ‘Kayode Fayemi, CON

Minister of Solid Minerals Development

at the Inaugural Media Briefing of the Ministry

on Monday, December 21, 2015


Protocols and Introduction

Good morning ladies and gentlemen. The core purpose of our gathering today is acquaint you with some of the emerging strategic priorities and plans of the Federal Ministry of Solid Minerals Development for accelerating and scaling up the role of solid minerals in Nigeria’s economy.


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By Anu   /   Wednesday, 02 Sep 2015 10:54AM

The Presidency insisted on Tuesday that President Muhammadu Buhari did not promise Nigerians that he would achieve specific things within his first 100 days in office.

The Senior Special Assistant to the President on Media and Publicity, Mr. Garba Shehu, stated this while responding to questions about reports on documents titled, “One Hundred Things Buhari Will Do in 100 Days” and “My Covenant with Nigerians.”


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My contract with Nigeria – Buhari

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By Emmanuel Aziken, Political Editor & Henry Umoru
All Progressives Congress, APC presidential candidate General Muhammadu Buhari yesterday put forward a covenant with Nigerians spelling his blueprint to confront corruption, insecurity and infrastructure decay.

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Let’s all work on our Buharimeter

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By Jibrin Ibrahim | Publish Date: Sep 7 2015
Nigeria is definitely moving fast along the path of good governance. My confidence derives, among other things, from the massive debate among Nigerians over the performance of President Muhammadu Buhari following 100 days in power. The President’s aids were so alarmed by questions being asked about promises in the document “Muhammadu Buhari: My Covenant with Nigerians”, which commits the President to specific achievements in the first 100 days that they dissociated their boss from the document.

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Press Statement

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Fourth Buharimeter Report Tracks Progress on PMB’s Change Agenda

The Centre for Democracy and Development (CDD) has released its fourth Buharimeter Report ( Buharimeter is an innovative governance tracking tool, designed to monitor the level of progress in the fulfilment of the 222tracked electoral promises made by President MuhammaduBuhari (PMB) to Nigerians in the build up to the 2015 Presidential election. The fourth report provides insights on key sectors of the economy and the Nigerian polity. The report makes informed and evidence based judgment calls on the President’s scorecard in critical sectors, such as security, the economy, fighting corruption, oil and gas, agriculture, and social and environmental sectors.

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FACT-CHECK: Buhari, APC lied in disowning campaign document, “My Covenant With Nigerians”

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