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Naira Crisis: Farmers Lose N30bn, Resort to Trade by Barter –  AFARN

Naira Crisis: Farmers Lose N30bn, Resort to Trade by Barter -  AFARN The All Farmers Association of Nigeria has disclosed that Many farmers, particularly those in remote villages, switched to trade by barter in order to feed, following the cash crunch caused by the naira...

CBN Approves N75.9bn Loan To Farmers In Two Months

CBN Approves N75.9bn Loan To Farmers In Two Months   The Central Bank of Nigeria (CBN) disbursed N75.9 billion loan to farmers between November and December 2021, under the Anchor Borrowers’ Programme (ABP). The fund was to support the cultivation of over 383,000 hectares of maize, rice...

CBN Disburses N1tn to Anchor Borrowers Programme Farmers

CBN Disburses N1tn to Anchor Borrowers Programme The Central Bank of Nigeria is targeting 95 per cent financial inclusion by 2024. In line with that, the Federal Government has launched five strategic policy reports with a view to actualising the target. Meanwhile, the CBN has disbursed N1.07tn...

Farmers’ Production Costs Rise By 70% On Tariffs

Farmers’ Production Costs Rise By 70% On Tariffs   Experts, including farmers, have said that duties payable on imported agricultural products are partly responsible for the hike in the production costs of players in the sector by up to 70 per cent in the last two...

262 Farmers Get N82.4m Loan From USAID

262 Farmers Get N82.4m Loan From USAID   No fewer than 262 smallholder farmers under the USAID-funded Feed the Future Nigeria Rural Resilience activity, on Tuesday, received N82.4 million to boost food sufficiency in the region and the country in general. The farmers were in three clusters...

ABP: CBN Disbursed N75.9bn Loan To Farmers In two months

ABP: CBN Disbursed N75.9bn Loan To Farmers In two months   The Central Bank of Nigeria (CBN) disbursed N75.9 billion loan to farmers between last November and December, under the Anchor Borrowers’ Programme (ABP). The fund was to support the cultivation of over 383,000 hectares of maize,...