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CBN intervention has reduced importation of rice from Thailand – Emefiele

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Emefiele

The Central Bank of Nigeria (CBN) has stated that its intervention in the Nigerian agricultural sector has led to the massive reduction in imported rice from Thailand from 2014 when Thailand exported 1.3 million metric tons of rice to Nigeria to just 58,000 metric tons at the end of 2021.

The CBN Governor, Godwin Emefiele, stated this on Tuesday at the unveiling of the FCT mega rice pyramids under the RIFAN-CBN Anchor Borrowers’ Programme.

The CBN’s Anchor Borrowers’ Programme (ABP) was started in November 2015 to provide aid to farmers and influence the value chain of various commodities in Nigeria. The CBN has carried out interventions aimed at sustaining recovery of output growth and addressing the downside risks to other external and domestic shocks to the economy.

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Emefiele noted that ABP has also catalyzed the rural economy and has built a sustainable framework for financing smallholder farmers in Nigeria.

In his words, “The Programme has developed an ecosystem among all nodes of the agricultural value chain and these linkages can be better optimized through synergy among all stakeholders.

“We are delighted that these efforts have yielded fruits in not just increasing the availability of rice, but also in moderating prices, reducing imports and increasing job creation in the country. For example, Thailand alone exported 1.3 million metric tons of rice to Nigeria in 2014.”

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The CBN Governor also noted that Output Productivity per hectare has improved within 6 years, saying, “Beyond increasing our national output from about 5.4 million metric tons in 2015 to over 9 million metric tons in 2021, we have also significantly improved the productivity per hectare of the smallholder farmer from about 2.4 metric tons per hectare in 2015 to between about 5 metric tons per ha in 2021.”

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Agriculture

Fintiri Unleashes N2bn Boost for Farmers as Adamawa Rolls Out 2025 Agricultural Support Programme

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Gov. Ahmadu Fintiri

The Adamawa State Government has launched the 2025 Agricultural Support Programme aimed at empowering smallholder farmers and enhancing food security across the state.

Commissioner for Agriculture, Prof. David Jatau, disclosed this on Friday while briefing journalists in Yola. He revealed that Governor Ahmadu Umaru Fintiri had approved a substantial N2 billion for the initiative, which targets increased agricultural productivity in the upcoming farming season.

According to Jatau, the programme—which is already underway—will provide subsidised agricultural inputs such as fertilisers, improved seeds, and other essential materials to farmers in six local government areas.

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“The programme has already commenced in six LGAs—Madagali, Michika, Hong, Maiha, Demsa, and Ganye,” he said. “By next year, during the rainy season, we will extend the programme to the remaining LGAs.”

He explained that 300 hectares of farmland would be cultivated in each of the participating local governments, with 300 farmers benefitting per council.

To ensure fairness and transparency, Jatau said a multi-stakeholder committee had been constituted to oversee the beneficiary selection process. The committee comprises representatives of traditional councils, local government authorities, security agencies, youth groups, and women organisations.

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“We are also equipping extension workers with training to offer farmers guidance on modern agricultural techniques for improved yield,” he added.

The commissioner noted that the intervention would not only increase food production but also generate employment, improve rural incomes, and contribute to economic stability in farming communities.

Jatau also revealed that the state government is collaborating with non-governmental organisations and agricultural development bodies, with over 2,700 hectares of farmland pledged by development partners for cultivation.

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He reaffirmed the Fintiri administration’s commitment to achieving food self-sufficiency and urged beneficiaries to make the most of the programme.

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Agriculture

KWASU Microfinance Bank disburses loan to farmers

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KWASU Microfinance Bank disburses loan to farmers

The Kwara State University (KWASU) Microfinance Bank has provided loan facilities to farmer groups in and around Malete, Moro Local Government Area.

The Vice-Chancellor and Chairman of the Board of Trustees, KWASU Microfinance Bank, Prof. Jimoh Shaykh-Luqman, announced this while presenting offer letters to the farmers’ associations at a formal event held on the university campus.

Addressing the farmers, the Vice-Chancellor, represented by the Deputy Vice-Chancellor (Administration), Prof. Moshood Jimba, said the agricultural loan scheme aimed to support farmers in boosting food production and enhancing food sustainability.

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“The loan is meant to support your farm operations, especially in the upcoming planting season,” he said.

Prof. Shaykh-Luqman reaffirmed KWASU’s commitment to its mantra of being a “University for Community Development,” leveraging its expertise and resources to initiate programmes that drive local development.

The Managing Director and Chief Executive Officer of KWASU Microfinance Bank, Alhaji Hakeem Hassan, noted that the agricultural loan scheme was piloted last year with 15 farmers as beneficiaries.

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He added that the pilot scheme yielded positive results for both the farmers and the bank, as all beneficiaries successfully repaid their loans.

Following this success, he said, the scheme had been expanded to include more farmers under various farmers’ associations.

The News Agency of Nigeria (NAN) reports that the associations benefiting from the agricultural loan scheme include Alanu Agbelere Farmers Group, Agbedola Ketere Group, and Itesiwaju Agbe Group Omoni.

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Others are Agbeloba Farmers Association (Malete Market), Agbeyewa Elemere Farmers Group, Agbe Olofeere Group, and Agbeloga Malete Farmers Group.

Speaking on behalf of the farmers, the Chairman of Agbeloba Farmers Association (Malete Market), Alhaji Mohammed Abdulrazaq, expressed gratitude to the university and the bank for their trust.

He pledged, on behalf of the beneficiaries, to utilise the loans effectively and ensure prompt repayment.

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Agriculture

Kano Govt. implements N2.3bn livestock empowerment programme

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Gov Yusuf directs aides to declare their assets

The Kano State Government has begun implementing the second phase of its livestock empowerment programme valued at N2.3bn under the Kano State Agro-Pastoral Development Project (KSADP).

The Commissioner for Agriculture and Natural Resources, Dr Mamood Danjuma, disclosed this while addressing newsmen on Thursday in Kano.

Danjuma said the initiative aims to support beneficiaries with livestock, feeds, drugs, and salt lick to enhance their economic well-being.

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According to him, 911 beneficiaries are being supported with two rams each, feed for three months, drugs and salt lick, while 2,386 women are being supported with two goats and a buck goat in the poorest households in the state.

He explained that the total package under the empowerment programme showed that 1,342 bulls were procured by the government at the cost of N560m, 1,822 rams were procured at the cost of N175m  and 7,158 goats bought at the cost of N451m.

“Under the cattle scheme, each cattle gains 100kg over a period of 120 days. The fattening period is for 120 days, making three cycles possible in a year.

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“As for the small ruminants fattening scheme, with the same 120-day fattening period yielding an extra 15kg/animal.

“The project promotes goats’ reproduction through women who will take care of the animals and sell the young ones to improve their income and standard of living,” he said.

He said that the programme promotes economic empowerment, particularly among women, by providing them with livestock to care for and sell, ultimately improving their income and standard of living.

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