Alternative Africa

Top Menu

  • Home
  • About Us
  • Privacy Policy
  • Terms of Use
  • Contact Us

Main Menu

  • Home
  • Arts & Culture
  • Business
  • Environment
  • Politics
  • Sports
  • Reports
    • Africa-Observers
      • Read Reports
      • Submit a story
  • MORE
    • Health
    • News Now
    • World
    • Technology
Sign in / Join

Login

Welcome! Login in to your account
Lost your password?

Lost Password

Back to login
  • Home
  • About Us
  • Privacy Policy
  • Terms of Use
  • Contact Us

logo

Alternative Africa

  • Home
  • Arts & Culture
  • Business
  • Environment
  • Politics
  • Sports
  • Reports
    • Africa-Observers
      • Read Reports
      • Submit a story
  • MORE
    • Health
    • News Now
    • World
    • Technology
  • Covid-19: World Bank readies emergency vaccine fund for 30 African countries

  • Researchers discover people whose body naturally supress HIV virus in DR Congo

  • UK pioneers Covid vaccine test in patients with low immunity

  • African pilgrims may miss out on Hajj 2021 over mandatory covid-19 vaccination

  • Morocco, Nigeria sign partnership agreements on fertilizer production

BusinessNews Now
Home›Business›Nigeria Targets additional 2 million tonnes of rice from 300,000 Farmers

Nigeria Targets additional 2 million tonnes of rice from 300,000 Farmers

By alternativeafrica
November 9, 2017
650
0
Share:
Godwin Emefiele the Nigerian CBN Governor
Adetokunbo Fakeye 
 

Abuja, Nigeria. Non. 9, 2017 (AltAfrika)-The Central Bank of Nigeria (CBN) says it has entered into strategic partnerships with agricultural commodity associations in the country in its effort to expand the implementation of the Anchor Borrowers’ Programme (ABP).

According to Nigeria Television Autority, NTA report, the Acting Director in charge of Corporate Communications Department (CCD) at the Bank, Isaac Okorafor,  said the partnerships was to consolidate on the gains of the ABP and reach more deserving small scale farmers nationwide.

Okorafor said, “the CBN is forming these partnerships to further ramp up domestic production of identified commodities by leveraging the existing organized structures of the agricultural associations nationwide, thereby providing huge economics of scale in the implementation of the programme.”

He added that the strategic partnership had begun to yield results with the commencement of the Rice Farmers Association of Nigeria (RIFAN) Anchor Borrowers’ Programme with the Bank of Agriculture where about 300,000 rice farmers across 20 States would be supported under the ABP during the upcoming dry season cultivation.

Continuing, the CBN Spokesman said an additional two million metric tonnes of paddy rice was expected to be produced under the dedicated RIFAN Anchor Borrowers’ Programme.  He added that the strategic partnership with RIFAN was in tandem with the Federal Government’s agenda for Nigeria to be self-sufficient in rice production in the future.

Okorafor further said that all registered agricultural commodity associations could key into this strategic partnership by simply approaching any of the Participating Financial Institutions (PFI) collaborating with the CBN in the implementation of the programme.

It will be recalled that the Central Bank of Nigeria’s Anchor Borrowers’ Programme was launched by President Muhammadu Buhari on November 17, 2015 in Birnin Kebbi, Kebbi State, northern Nigeria.

The ABP has so far achieved success in terms of outreach and coverage, making it one of the most successful CBN development finance interventions to date. About N45.5 billion has been released through 13 Participating Financial Institutions in respect of over 218,000 farmers cultivating nine commodities across 30 States.

SHARE ON:
Previous Article

Should investors fear purges in Saudi Arabia?

Next Article

EFCC recovers N738b, says Magu

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

alternativeafrica

Related articles More from author

  • News Now

    Nigeria: Osibajo takes charge as Buhari returns to London for 10-day vacation

    August 1, 2018
    By alternativeafrica
  • AfricaHealthNews Now

    New generation African parents turn to parenting classes to raise children

    February 16, 2020
    By alternativeafrica
  • BusinessNews Now

    Gambia: Barrow shifts economy out of doldrums

    March 13, 2018
    By alternativeafrica
  • AfricaBusinessNews Now

    Nigeria summons Ghanaian envoy over alleged maltreatment of Nigerian traders

    November 3, 2018
    By alternativeafrica
  • News Now

    ‘My wife died in stampede at Ethiopian Oromo festival’

    September 29, 2017
    By alternativeafrica
  • News Now

    Nigeria: How the Air Force flushed Boko Haram out of Baga

    December 29, 2018
    By alternativeafrica

Leave a reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You might be interested

  • BusinessNews Now

    South Africa: Investors look to capitalise on the ‘Cyril factor’

  • BusinessNews Now

    Nigeria begins commercialisation of Ogun-Osun, 3 other River Basin Devt Authorities

  • BusinessNews Now

    Zambia: Central bank warns against use of cryptocurrencies

Timeline

  • March 3, 2021

    Covid-19: World Bank readies emergency vaccine fund for 30 African countries

  • March 3, 2021

    Researchers discover people whose body naturally supress HIV virus in DR Congo

  • March 3, 2021

    UK pioneers Covid vaccine test in patients with low immunity

  • March 3, 2021

    African pilgrims may miss out on Hajj 2021 over mandatory covid-19 vaccination

  • March 3, 2021

    Morocco, Nigeria sign partnership agreements on fertilizer production

  • Popular

  • Comments

  • Lagos govt confirms first case of deadly coronavirus infection in Nigeria

    By alternativeafrica
    February 28, 2020
  • Keynote Address of President Nana Addo Dankwa Akufo-Addo at 2018 Oxford Africa Conference

    By PSJ Africa
    May 14, 2018
  • Morocco begins regional integration by connecting Casablanca Airport with High Speed Train

    By alternativeafrica
    January 4, 2020
  • Kenyan govt pressure Facebook for data on Kenyan users

    By alternativeafrica
    November 20, 2019
  • Nigeria: 32,000 capacity Lagos rice mill to start production in 2020

    By alternativeafrica
    December 23, 2019
  • Ado zagi
    on
    January 12, 2021

    Nigeria: EFCC Academy to begin award of degree

    Diploma leave areply from
  • Ethiopia joins Africa's Artificial Intelligence revolution | Alternative Africa
    on
    October 2, 2020

    Spending on Artificial Intelligence Systems in Africa, Middle East to top $374 million in 2020

    […] Many African countries ...
  • The 5 most popular Africans 2020
    on
    September 25, 2020

    Celebrating Congolese doctor Jean-Jacques Muyembe, the man behind breakthrough of Ebola cure

    […] Dr. Jean-Jacques Muyembe ...
  • Millitants in Central Mali Set Jail Ablaze in Attack Killing Two | taktik(z) GDI (Government Defense ...
    on
    August 11, 2020

    Fifteen gendarmes killed in another attack on Mali camp

    […] attack fol­lowed a January ...
  • Millitants in Central Mali Set Jail Ablaze in Attack Killing Two
    on
    August 11, 2020

    Fifteen gendarmes killed in another attack on Mali camp

    […] attack followed a ...
AlternativeAfrica.com is an independent Pan African News Website dedicated primarily to influencing the negative narratives about Africa. We hope to do this by focusing and showcasing the many developmental strides sweeping across the continent.

Read more >>>

Contact Info

  • info@alternativeafrica.com
  • Recent

  • Popular

  • Comments

  • Covid-19: World Bank readies emergency vaccine fund for 30 African countries

    By alternativeafrica
    March 3, 2021
  • Researchers discover people whose body naturally supress HIV virus in DR Congo

    By alternativeafrica
    March 3, 2021
  • UK pioneers Covid vaccine test in patients with low immunity

    By alternativeafrica
    March 3, 2021
  • African pilgrims may miss out on Hajj 2021 over mandatory covid-19 vaccination

    By alternativeafrica
    March 3, 2021
  • Lagos govt confirms first case of deadly coronavirus infection in Nigeria

    By alternativeafrica
    February 28, 2020
  • Keynote Address of President Nana Addo Dankwa Akufo-Addo at 2018 Oxford Africa Conference

    By PSJ Africa
    May 14, 2018
  • Macron in Ivory Coast to launch anti-terrorism academy

    By alternativeafrica
    December 21, 2019
  • Kenyan govt pressure Facebook for data on Kenyan users

    By alternativeafrica
    November 20, 2019
  • Ado zagi
    on
    January 12, 2021

    Nigeria: EFCC Academy to begin award of degree

    Diploma leave areply from
  • Ethiopia joins Africa's Artificial Intelligence revolution | Alternative Africa
    on
    October 2, 2020

    Spending on Artificial Intelligence Systems in Africa, Middle East to top $374 million in 2020

    […] Many African countries ...
  • The 5 most popular Africans 2020
    on
    September 25, 2020

    Celebrating Congolese doctor Jean-Jacques Muyembe, the man behind breakthrough of Ebola cure

    […] Dr. Jean-Jacques Muyembe ...
  • Millitants in Central Mali Set Jail Ablaze in Attack Killing Two | taktik(z) GDI (Government Defense ...
    on
    August 11, 2020

    Fifteen gendarmes killed in another attack on Mali camp

    […] attack fol­lowed a January ...

Photostream

    Follow us

    • Home
    • About Us
    • Privacy Policy
    • Terms of Use
    • Contact Us
    © Copyright Alternative Africa 2019. All rights reserved.