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Food Crisis To Worsen As Bandits Kill, Kidnap 352 Farmers In 12 Months

Food Crisis To Worsen As Bandits Kill, Kidnap 352 Farmers In 12 Months   The lingering food crisis in some parts of Nigeria may worsen and spread to more states in 2022 as the country loses more farmers to the gruesome activities of bandits and insurgents. At...

Anchor Borrowers: CBN Incurs N379bn Debt As Farmers Battle Insecurity

Anchor Borrowers: CBN Incurs N379bn Debt As Farmers Battle Insecurity       The Central bank of Nigeria recorded a shortfall of N378.5bn in loan repayment by beneficiaries under the Anchor Borrower’s programme in six years, data obtained from the findings apex bank have shown. Between November 2015, when...

CBN Disburses N756.5bn Loan To 3.7m Farmers

CBN Disburses N756.5bn Loan To 3.7m Farmers       The Central Bank of Nigeria has disclosed that it has disbursed a total of N756.51bn to over 3.7 million farmers under the Anchor Borrower’s Programme since the inception of the initiative in 2015. The apex bank revealed this in...

N30bn Maize Lost To Insecurity In 2020

N30bn Maize Lost To Insecurity In 2020       To mitigate attacks while cultivating crops on their farmlands, farmers have resolved to work in groups of 100, 200 or 300 persons, it was learnt on Tuesday. It was also gathered that operators in the maize value chain lost...

Beans, Tomatoes, Rice Record 253%, 123%, 51% Price Hike

Beans, Tomatoes, Rice Record 253%, 123%, 51% Price Hike       The cost of food items in Nigeria has been recording significant increases in the past one year. A survey carried out by our correspondents in markets across Lagos, Ogun and Federal Capital Territory showed that staple food...

Two Million Farmers To Recieve N12.3bn Subsidy From FG

Two Million Farmers To Recieve N12.3bn Subsidy From FG       Over 2.2 million farmers are to receive about N12.3bn as agricultural subsidy from the Federal Government in coming weeks, it was gathered on Sunday. Presidency officials confirmed that President Muhammadu Buhari had already approved a N6.15bn agricultural...