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CBN Grants Plateau N1.5bn Agric Development Loan

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CBN Governor, Godwin Emefiele
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The Central Bank of Nigeria(CBN) is to give a loan of N1.5 billion to Plateau under the Accelerated Agriculture Development Scheme (AADS).

Branch Controller, CBN Jos, Mr Yusuf Duniya, made the disclosure when he led the State of Financial Inclusion Committee on a courtesy call on Gov.

Simon Lalong on Wednesday.

Duniya  said that the AADS was for the youth of between 18 and 35 years of age who were expected to work in clusters.

“No fewer than 10,000 youths are targeted per state in the scheme.

“The State Government needs to provide land in clusters, a minimum of 100 hectares per cluster.

“And to do a pilot for 1,000 youths to qualify for infrastructure development loan of N1.

5 billion which will be secured through Irrevocable Standing Payment Order (ISPO)  and two -year tenor of of nine per cent,” he added.

The branch manager said the state government would choose a bank to package the loans for the applicants.

He recalled that the state had benefited from Commercial Agriculture Credit Scheme (CACS), the sum of N1 billion twice through Fidelity Bank and repaid the money.

Duniya said that a loan of N900 million was being processed by the same bank for the benefit of the state Agricultural Services and Training Centre (ASTC).

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“The loan is currently undergoing Credit Risk Management System (CRMS) at the CBN,” he said.

The branch manager urged the governor to support the Plateau Small and Medium Scale Development Agency to train more youths in entrepreneurial skills.

He said that CBN had loans for youths who had entrepreneurial/vocational skills under its Agri-business Small and Medium Enterprises Investment Scheme (AGSMEIS).

According to Duniya, the loan limit was N10 million at 9 per cent all-inclusive interest rate with tenor of seven years and moratorium of 18 years for principal and six months for interest.

Lalong thanked the CBN officials for the visit and assured them of his administration’s commitment toward improving lives of the people of the state.

He appealed to the CBN to impress on banks in the state to return to 4.00 pm closing time instead of the 3.00 pm, now that peace had return to the state.

The governor said that closing by 3.00 pm was denying the state some economic advantages.

“We are happy that you are bringing some of these schemes, and I can assure you that we will cooperate with you,” he said.

Lalong advised the CBN to always make out time to adequately sensitise the people about its programmes to avoid misconceptions. (NAN)

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Agriculture

Institute, NEPC Caution Farmers against using Pesticides to store Beans

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The Nigerian Stored Products Research Institute (NSPRI) and the Nigerian Export Promotion Council (NEPC) have cautioned farmers against the use of pesticides and chemicals in storing dried beans and other legume crops.

Speaking at a sensitisation workshop in Sokoto, Dr Akin Olagbaju of the NSPRI, said the exercise was organised to enhance the capacity of farmers and merchants on how best to preserve beans for effective and profitable exportation.

Olagbaju highlighted several ways in which farmers and merchants can store their beans and legume crops without using any form of insecticide.

”The use of chemicals for storage is the cause of several ailments such as cancer among many others ravaging ills in the society.

”The NSPRI is also working on research on how to best to store onions and other varieties of crops for long term use and exportation,” he said.

Earlier in his presentation tagged ” Compliance to Food Safety Standards in Production and Storage of Safe and Healthy dried Beans for export” NEPC Trade Support Advisor, Alhaji Yahaya Ahmad-Sukaraiju said 95 beans farmers and merchants were selected in Sokoto state for the exercise.

Ahmad-Sukaraiju urged participants to make use of the opportunity to practice what they learned for business advantages as well as for the benefit of their produce.

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”If you put these storage options you are taught today to proper use, you will not use chemicals in preserving your crops. These chemicals are dangerous to human health,” he said.

Also speaking, the DSC Faruk Umar, of Nigeria Custom Service (NCS) in Sokoto advised exporters in the state to ensure they comply with all the registration processes .

Umar said all the required documents needed for exportation can be obtained through the office NEPC  in Sokoto state. (NAN)

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Agriculture

World Bank Donates $12bn Food Grant to Nigeria, Others

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By Tony Obiechina, Abuja 

The World Bank said it has disbursed at least $12bn, almost half of which was to Africa, to help beneficiary counties cope with food shortage.

In a report titled “Food Security Update: World Bank Response to Rising Food Insecurity” the Bank noted that domestic food prices remained high all over the world, especially in low and middle income countries.

According to the Bank, following Russia’s invasion of Ukraine, trade-related policies imposed by countries have surged, and the global food crisis has been partially made worse by the growing number of food trade restrictions put in place by countries with a goal of increasing domestic supply and reducing prices.

The Bank also said a $30bn relief package, spread over a period of 15 months, including $12bn in new projects, will be rolled out to help counties cope with food insecurity.

According to the report, up to 205 million people are expected to face acute food insecurity and to be in need of urgent assistance in 45 countries.

“World wheat prices fell in January for a third consecutive month; international coarse grain prices remained mostly unchanged; and international rice prices rose at an accelerated pace in January 2023.

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“Overall, FAO’s analysis indicates that high prices have persisted for the past three months despite some evidence of easing from 2022 peaks in certain countries, with rice price hikes mostly responsible for sustained high cereal prices.”

Beyond the fiscal stimulus, the World Bank Group stated it had partnered the G7 Presidency and co-convened the Global Alliance for Food Security, which aimed to catalyse an immediate and concerted response to the unfolding global hunger crisis.

The report added that the alliance had developed the publicly accessible Global Food and Nutrition Security Dashboard, which provided timely information for global and local decision-makers to help improve coordination of the policy and financial response to the food crisis.

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Agriculture

FG Establishes 500 Capacity Livestock Farm in Sokoto

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The National Agricultural Land Development Authority (NALDA) has established an animal husbandry farm with cow milking parlour.

The farm with capacity for 500 cows and cow milking parlour with capacity of 200 cows in a set, sits on a 100 hectares land in Sokoto State.

NALDA said the idea behind the project was to develop a modern animal husbandry farm that would sustain itself and reduce the movement of cows within the area.

The Executive Secretary, NALDA, Prince Paul Ikonne, who disclosed this while speaking with newsmen after inspecting the farm and the poultry feed mill facility, said he was satisfied with the level of work at the facilities.

He explained that the essence of establishing the modern animal husbandry farm, which has cow pens with napier grass on 50 hectares, with the construction of clinics/veterinary sections and a training centre, was to reduce the movement of cattle and end the farmers/herders clashes.

Ikonne said that NALDA was committed to achieving food security and development, as he assured that the farm would generate employment, hygienic milk production and cow fattening for meat.

At the same time, the farm would train and encourage young farmers to go into animal husbandry and animal food formulation, according to the NALDA boss.

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Construction workers were spotted at the 100 hectares farmland at the section of the clinic and training centre building where work was ongoing, while the 500 cow capacity pens and the cow milking parlour have both been completed.

Also spotted were those watering the napier grass field using the boreholes provided by NALDA at the farm.

The farm is located at Dabagin-lafia, opposite the Usman Danfodio University farm, while the poultry feed mill is situated in Dayin village along the road to Doba, in Sokoto State.

“NALDA is into partnership with Prime Ranch Ltd, who donated the 100 hectares of land where we are establishing the animal husbandry farm, napier grass field and will cultivate maize and millet on 30 hectares of the said land,” Ikonne stated.

“The establishment of the napier grass field is to ensure feed production for the cows, as that will eliminate the roaming around of the animals in search of feed, thereby curtailing farmer/herder clash.

“The milking parlour will serve both the cows in the farm and other animal husbandry farmers who would want their cows milked in a hygienic way.

“Prime Ranch will manage the farm on completion based on their wealth of experience in animal husbandry. This type of partnership is sustainable, productive and should be encouraged in order for us to achieve food security and development,” he added.

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On employment opportunities through the partnership, Ikonne stated that with the establishment of the poultry feed mill, which Prime Ranch provided the land and was managing the 62,000 poultry capacity, there would be feed production for small farmers across the zone and other parts of the country.

He said job opportunities would also be created for those who would work at the milking parlour by attending to the cows.

“The employment chain will not be anything less than 400, consisting of workers who would be directly involved in these activities, outside the output, which is achieving food sufficiency,” he stated.

Also speaking during inspection of both projects, the farms and feed mill, the Founder, Prime Ranch Ltd, Nafiu Yakubi, said the partnership with NALDA was coming into fruition.

“The thinking when we incorporated Prime Ranch years back, is to have a ranch kind of arrangement whereby we grow our animals, grow their feeds, fatten them, and sell them off to the market. The partnership with NALDA is a very cordial one. They support us in all areas that we need support from them,” he said.

On the output from the partnership, Yakubu said, “Arising from this partnership with NALDA, you have seen the feed mill. We are currently producing feed for our poultry and other NALDA poultry farmers.”

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He thanked President Muhammadu Buhari for encouraging young farmers through NADLA, stressing that the President had called Nigerians to return to farming, as he urged Nigerian youths to yield to the call.

“I am a lawyer and I am back to the farm, so Nigerian youths should go back to farming. It is very profitable and the opportunities are very wide,” Yakubu stated.

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