Headlines
CBN Guarantees N130bn to Farmers under Agricultural Credit Scheme

The Central Bank of Nigeria (CBN) on Thursday said a total of 1,232,326 loans valued at N130.90 billion had been guaranteed to farmers under its Agricultural Credit Guarantee Scheme Fund (ACGSF) from its inception in 1977 to May 2022.
The bank added that 973,646 beneficiaries had also repaid a total of N98.91 billion out of the total disbursements.
The central bank also said it guaranteed the sum of N22.58 million to 82 loan beneficiaries under the scheme in the Federal Capital Territory (FCT) between January and May 2022, bringing the total guaranteed loans in the FCT to N1.748 billion from 14,258 loans.
CBN Director, Development Finance Department, Mr. Yila Yusuf, gave the figures at the National Ceremony for the 2021 Best Farmer of the Year Award which took place during the 40th ACGSF Board Meeting in Abuja.
He said in terms of loan recovery, 11,726 loans valued N801.05 million were repaid under the scheme in the FCT from the inception of the programme.
Yila, who was represented by the Chairman, Board of ACGSF, Mr. Stephen Okon, further noted that the scheme had proved to be relatively successful in de-risking the agricultural sector, as evidenced in the number of loans guaranteed from inception to date.
Nonetheless, he said the award was introduced in the 1980s to recognise selected farmers that borrowed under the scheme and repaid within a specified period while adopting best agronomic practices to achieve good yields.
The CBN director said the gesture was expected to serve as an incentive for participating in the scheme and inculcating good repayment behaviour with a view to encouraging more participants.
He said the event could not have come at a better time than now when economies the world over are experiencing challenges resulting from the Russian – Ukrainian War.
He stressed that the impact of the hostilities – including global oil and food crises affecting the agricultural sector, had contributed to disruptions in domestic food supply chains and other shocks affecting food production.
This, he said, had led to the loss of incomes, food security risks, inflationary trends, and creating serious tensions in many countries, pointing out that achieving food security not only carries significant benefits for human health but also serves as the basis to achieve sustained economic growth.
He said awakened by a potential rise in food insecurity, many countries and organisations are mounting special efforts to keep agriculture safely running as an essential business.
Also speaking at the occasion, Branch Controller, CBN, Abuja, Mr. Ogbu Michael, explained that the ACGSF was not only an important programme of the apex bank but the first development finance intervention scheme to be established by the bank, adding that the scheme heralded the birth of the Development Finance Department (DFD) of the bank.
He said it was evident that the successes achieved under the ACGSF had led to significant improvement in Deposit Money Banks’ (DMB) lending to the agricultural sector and had led to remarkable growth in the agri-business value chain in the country.
According to him, the annual award ceremony provides an opportunity to recognise the tremendous strides made by participating farmers under the scheme, add visibility to the programme among prospective participants and ultimately signal the CBN’s resolve at ensuring the achievement of food self-sufficiency in the country.
At the award ceremony, IFGREEN Industries and Investment Limited won the Best Farmer of the Year Award at the national level with AlMustapha Maigwandu Farms Limited and Wuntin Dada Agro Farms Limited emerging first and second runners up respectively.
Sterling Bank Plc emerged the 2021 Best Participating Financial Institution of the Year award in the national category among other awardees.
Headlines
Akwa Ibom APC Gears Up to Receive President Tinubu as Governor Umo Eno Joins Party

The All Progressives Congress (APC) in Akwa Ibom State has announced its readiness to host President Bola Ahmed Tinubu and other top party leaders as it officially welcomes Governor Umo Eno into its ranks.
Speaking at a press briefing in Uyo on Friday, APC chieftain and former presidential aide, Senator Ita Enang, disclosed that the party was fully prepared to receive the president, Vice President Kashim Shettima, APC National Chairman, and governors elected on the party’s platform for the historic reception.
Governor Umo Eno had on June 6 formally defected from the Peoples Democratic Party (PDP) to the APC, in a move widely described as a political game-changer in Akwa Ibom.
Enang, a former Special Assistant to the President on National Assembly and Niger Delta Affairs, said the governor’s defection had effectively aligned the state with the central government.
He assured Governor Eno and his supporters that the APC would embrace them wholeheartedly and honour all agreements reached.
“As progressives, we shall work with the governor and his supporters to ensure that they fit into the party without hitches,” Enang stated. “We will also work with them to align programmes of the state government with the ideals and manifesto of the party.”
He further described the governor’s move as a “merger” that promises significant benefits for Akwa Ibom and its citizens.
The planned reception is expected to mark a major political event in the state, signaling a realignment of forces ahead of future elections.
Headlines
Ekiti Launches Aggressive Anti-Flood Campaign, Dredges Ofigba River

The Ekiti State Government has intensified efforts to prevent flooding across the state with the launch of a comprehensive dredging campaign, targeting critical waterways in both rural and urban areas.
Chairman of the Ekiti State Environmental Protection Agency (EKSEPA), Chief Bamitale Oguntoyinbo, disclosed this on Friday during an inspection visit to the ongoing dredging project at the Ofigba River in Ise-Ekiti.
Oguntoyinbo, who was accompanied by EKSEPA board members, said the visit was to assess the progress of work being carried out to mitigate flood risks in the community. He expressed satisfaction with the pace and quality of the dredging work.
“I and other board members of EKSEPA are delighted with the level of job done by the site engineer because he is actually working with the directives of three-kilometer dredging of waterways,” he said.
According to him, the dredging commenced on June 4, and so far, 1.8 kilometers of the river have been successfully cleared.
He applauded Governor Biodun Oyebanji for prioritizing the safety and welfare of residents by initiating the state-wide anti-flooding campaign.
“I want to commend our amiable governor, Mr. Biodun Oyebanji, for embarking on zero tolerance campaign against flooding in every community and town in Ekiti,” Oguntoyinbo stated.
He also praised the General Manager of EKSEPA, Mr. Olukayode Adunmo, for his commitment to the project’s supervision and success.
In his remarks, Adunmo emphasized the urgent need to clear waterways choked by refuse, which impede water flow and contribute to flooding during the rainy season.
“Dredging of Ofigba River in Ise-Ekiti in Ise/Orun Local Government Area is necessary because some of the waterways have been blocked by refuse,” he explained. “There is the need for us to remove every blockage to enhance free flow of water and avert flooding during heavy rainfall.”
Adunmo also commended Governor Oyebanji for taking proactive steps to protect lives and properties across the state.
Residents of Ise-Ekiti have welcomed the government’s intervention. Chief Godwin Ojo, a community leader, expressed gratitude to the governor for his timely action.
“We thank the governor for the move to avert flooding in our community,” Ojo said. “May God grant him more wisdom to pilot the affairs of the state to an enviable height.”
The dredging campaign forms part of the Oyebanji administration’s broader commitment to environmental safety and disaster prevention.
Developmental
Tinubu to visit Kaduna Thursday to inaugurate key projects

President Bola Tinubu is expected in Kaduna State Today Thursday for the inauguration of several key developmental projects executed by the administration of Gov. Uba Sani.
The News Agency of Nigeria (NAN) reports that the visit forms part of activities marking Sani’s two years in office.
The projects lined up for inauguration include the 300-bed Specialist Hospital in Millennium City, Kaduna, built by the state government to bolster the provision of healthcare services.
Tinubu will also inaugurate the Institute of Vocational Training and Skills Development in Rigachikun, road projects in Soba, and Samaru Kataf LGA’S as well as the 24-kilometre Kafanchan Township Road.
Others are the Tudun Biri Road, the 22km road linking Kauru and Kubau LGAs as well as the Vocational and Skills Training Centre in Tudun Biri.
Tinubu is also expected to unveil 100 Compressed Natural Gas (CNG) buses, as part of efforts to modernise the state’s public transportation system.
The projects are part of the administration’s focus on infrastructurde evelopment, healthcare delivery, youths empowerment, and economic growth.
The state government described the visit as a significant moment for the people of Kaduna and an opportunity to showcase ongoing efforts to transform the state through impactful governance.
Sani, who marked his second year in office this month, has prioritised human capital development, rural infrastructure, and jobs creation since taking office in 2023.
Tinubu’s visit to Kaduna State was rescheduled from Wednesday to Thursday.
He was initially supposed to visit Kaduna on Wednesday, but due to the recent attacks in Benue, he shifted his trip.
The president visited Benue on Wednesday to commiserate with the victims of the recent attacks and assess the humanitarian crisis.
During his visit to Benue, Tinubu met with stakeholders, including traditional rulers, political and community leaders, and youth groups, to seek lasting solutions to the hostilities.
He also condemned the ongoing violence and called on the residents to embrace peace and mutual understanding.
NAN recalls that the Benue Government had declared a work-free day for Tinubu’s visit, urging the residents to turn out in large numbers to welcome him.
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