The Central Bank of Nigeria (CBN) said it has targeted about 70, 000 farmers and business under its Anchor Borrower Programme (ABP) in Borno for 2019.
The Head of Finance Development Office (DFO) of the CBN in Maiduguri, Mr Mahmood Nyako, made the disclosure in an interview with the News Agency of Nigeria (NAN) in Maiduguri on Sunday.
Nyako disclosed that the bank had initiated viable programmes to encourage production, transform value chain, enhance financial inclusion and encourage growth of Small and Medium Scale Enterprises (SMSEs).
He said that the apex bank adopted practical measures to finance the whole value chain to encourage agricultural activities, enhance enterprising skills and specialisation to achieve self-sufficiency.
Nyako listed the programmes to include ABP; Accelerated Agriculture Development Scheme (AADS), Agriculture Credit Guarantee Scheme Fund (ACGSF), and Agri-Business Small and Medium Enterprises Investment Scheme (AGSMEIS), among others.
He revealed that 52, 008 were expected to participate in the ABP and 500 big holder farmers under ACGSF while 17, 000 youths and businesses would be supported under AADS and AGSMEIS, respectively.
The official explained that bank had registered eight farmers’ associations, a number of private and prime anchors to provide inputs and other support services to farmers for dry season activities under ABP.
“The bank initiated a N2 billion fund to support up takers under the Paddy Aggregation Scheme (PAS) and Maize Aggregation Scheme (MAS), to set up mills.
“The fund is designed to encourage agricultural processing, value addition and create market for the produce,” he said, adding that an anchor consultant, Kalef Ventures had so far established a rice mill at Jere, while Elbaton and Koila mills would soon commence operation in the state.
Nyako added that about N1.5 billion fund would be provided to the state government to open up 10, 000 hectares of farmlands while the bank provide inputs for distribution to youth to fast track implementation of AADS programme.
According to him, the apex bank would also provide loan facilities to 7, 000 youths and businesses under the AGSMEIS scheme in the state.
While calling on the state and local government councils to sensitise the people to promote participation in the programmes, Nyako urged the beneficiaries to make effective utilisation of the facilities to ensure sustainability.
ABP is a critical component of the Federal Government’s agriculture transformation agenda designed to encourage crop production and processing to achieve self-sufficiency.
It is also aim at enhancing farmers’ access to fertilisers; seeds, inputs, promote farmer enterprising skills, value addition and create market for the produce.
The programme is being implemented by the CBN in collaboration with Bank of Agriculture (BOA), Nigeria Agriculture Insurance Corporation (NAIC) and designated agricultural input dealers otherwise called “private anchors”.
NASCO Has Empowered Millions of Farmers in Nigeria – Lalong
From Jude Dangwam, Jos
Plateau State Governor, Simon Bako Lalong has said Nasco Food Limited has empowered millions of farmers in Nigeria in the last 57 years of its existence as it targets to cover the West African Sub-region.
He said with the coming on board of a multi-billion Naira investment new Cornflakes Plant supported by the Bank of Industry through First Bank of Nigeria Plc is a positive indicator that Plateau State has indeed regained the confidence of investors as a viable destination for both local and foreign capital inflows in the country.
Lalong stated this yesterday during the inauguration of the new NASCO Cornflakes Plant, held at the NASCO Food Ltd Industrial Area, in Jos, the Plateau State capital.
He said the development cumulatively now integrates into the President Muhammadu Buhari administration’s drive to develop the agriculture commodity supply chain, for which maize has been recognised as one of the most important commodities; adding that the overall goal of the initiative by NASCO is the creation of jobs and wealth for Nigerians.
“It is instructive to note that since NASCO began its operations 57 years ago, millions of Nigerians from the post-independence generation to young Nigerians today have all been able to share almost identical experiences from having used the different product categories which NASCO has come to be known for.”
Governor Lalong further disclosed that “NASCO’s adoption of the policy of back-ward integration in sourcing maize as its chief input for the production of cornflakes had empowered thousands of farmers on the Plateau and across many locations in central Nigeria. This had directly impacted on the volume and quality of the maize that its suppliers were cultivating”.
He however lamented that Plateau State is not yet a highly industrialised State that can create opportunities for employment to the teeming youths which over the years are limited to “government MDAs, few NGOs and CSOs, a handful of Financial Institutions and the relatively small number of SMEs operating in the state.
“This means there is a great need to invest in companies that have the capacity to scale up in the way that NASCO has done, in order that we can increase employment opportunities and improve the revenue generating potential of the state,” Lalong added.
The Chief Executive Officer and Chairman of Nasco Group in Nigeria
Attia Nasreddin said NASCO has been a household name not only in Plateau State and Nigeria, but across the African continent having been around for almost six decades and identified as an icon of quality.
He hinted that the new multi-billion naira plant is expected to double its production capacity by increasing its supply chain and extending as well as widening its reach to more households in Nigeria and throughout the ECOWAS sub-region of Africa.
Nigeria Has Over 10,000 Species of Traditional Medicinal Plants — Mamora
Minister of State, Health, Sen. Adeleke Mamora, says Nigeria is endowed with over 10,000 species of medicinal plants.
He also said the country had good arable land and climatic conditions for harnessing the potentials of the plants, for health, social, economic and other benefits.
Mamora said this in Abuja at the opening of a conference on Traditional, Complementary and Alternative Medicine (TCAM).
The conference was organised by TCAM, in collaboration with the Federal Ministry of Health.
The News Agency of Nigeria (NAN) reports that the World Health Organization identified medicinal plant as the whole or part of a plant that contains bioactive substances that can be used for therapeutic purposes or serve as precursors for the synthesis of drugs.
Nigeria has a full-fledged TCAM Department in its ministry of health responsible for the formulation, review and implementation of policies and guidelines for research, development and regulation of herbal medicines.
The country launched the Traditional Medicine Policy in 2007, which has as its key objective, harnessing the potentials and economic benefits of TCAM.
The country also has a compendium of medicinal plants, the Nigerian Herbal Pharmacopeia (NHP), first published in 2008 and currently under review.
The compendium contained medicinal plants used for the safe treatment and management of various diseases.
Mamora said the conference should promote the cultivation and utilization of medicinal plants as raw materials for the pharmaceutical, food and cosmetic industries.
He said this was to create short, medium and long-term value chain and attract agricultural and manufacturing loans.
The minister said this was important, as Nigeria and other African countries currently benefitted minimally from the global herbal medicine market projected at seven trillion dollars by 2050.
He said the market had been dominated by China, India, US, Germany and Thailand.
“Significantly, the cultivation of medicinal plants and commercialisation of herbal medicines will attract huge economic benefits to Nigeria.
“Especially in the following areas: increase foreign exchange earnings and wealth creation, alleviate poverty through the creation of job opportunities in areas of cultivation and conservation of medicinal plants in Nigeria,” he added.
He assured that the ministry remained committed to developing and promoting traditional, complementary and alternative medicine in Nigeria.
He said stakelders had initiated sensitisation programmes and activities to promote the cultivation, commercialisation and use of indigenous medicinal plants in the country.
It “facilitated the passage of the TCAM Council Bill into Law, to effectively coordinate and regulate TCAM practice in the country.
The stakeholders also “inaugurated an Expert Committee that is currently working out modalities for the take-off of TCAM Institute for the training of TCAM practitioners in Nigeria”.
Prof. MacDonald Idu, a professor of Phytomedicine from the University of Benin, in a keynote address, said if properly harnessed, the value of traditional medicinal plants in Nigeria would hit N1 trillion by 2025.
He put the current market value of traditional medicinal plants conservatively at about N200 billion, regretting that not much attention has been paid to harness the sector.
“We talked about $200 billion. It is conservative. I’m serious. Other forms of literature that I have also read, we are going to hit about N1 trillion by 2025. I know what that means. That’s a lot of money” he said.
Idu said Nigeria must show commitment towards diversifying the economy.
“Nigeria I’m sorry, we don’t walk the talk. We talk a lot, but we don’t walk the talk. So my point of interest is to drag the hearts of our people to realise that we should diversify our economy.
“We don’t have any reason to be poor. That’s the real truth. We don’t have any reason to import everything that we need to survive. It’s already here. Why do you have them here?
“So, I believe that if we’re able to set up that platform again, and then we’re able to organize ourselves and organize the traditional medicine practitioners and producers, we should be able to raise enough money for this country to move forward,” Idu added.
Earlier, the First Lady, Mrs Aisha Buhari, expressed regret over the low level of utilisation of the over 10,000 species of medicinal plants in the country, in spite of its huge need for the production of drugs, cosmetics and other essential products.
Buhari expressed the present administration’s commitment to boosting the commercial cultivation of such plants for the health, economic and social benefits of the people.
She said it would also open new areas for wealth and job creation for the teeming youths of the country.
The Conference is expected to bring together experts and other stakeholders in various fields of TCAM to brainstorm on the importance of indigenous medicinal plants to healthcare delivery in Nigeria. (NAN)
New, Improved Cassava Varieties’ Launch Excite Kogi Farmers
From Joseph Amedu, Lokoja
The NextGen Cassava Project, being implemented by Cornell University, New York, in collaboration with the International Institute of Tropical Agriculture (IITA) and National Root Crops Research Institute (NRCRI), has launched new, improved cassava varieties in Kogi state.
The new, improved varieties include: Game Changer, Baba 70 and Poundable, which were part of the varieties released in 2020, was launched at Crest Agro Farms along Kabba-Lokoja Expressway, Lokoja over the weekend.
Speaking at the event, Dr Ismail Rabbi, a molecular geneticist and plant breeder with IITA, stated that years of consumer preference studies were conducted before releasing the varieties.
“In addition to high yield and stress tolerance, we found that these varieties are suitable for several agro-ecologies.
“Farmers, processors and consumers love these varieties because they were high-yielding, stress-tolerant, disease-resistant and had the right food properties.
“I am confident that farmers who adopt these varieties will make more profit and improve their livelihoods. These varieties are also a huge contribution to food security,” he said.
He explained that when cultivated with good agronomic practices and weed control, the new varieties produce more than 30 tons per hectare instead of the current national average yield of eight tons per hectare.
According to him, while Game Changer can produce 32 tons per hectare, Baba 70 can produce 38 tons per hectare. It was also proven that the new cultivars were drought-tolerant and resistant to the virus diseases of cassava.
As part of the inauguration, farmers and processors were taken to the field where the varieties were planted alongside an old improved variety, TME 419, 11 months ago and managed by Crest Agro.
After an assessment of the field as well as the plant architecture, the farmers participated in harvesting some of the roots to compare with TME 419.
The farmers expressed awe at the large sizes and number of roots produced by the varieties. They spoke about the difference between the new varieties and the old ones, saying Baba 70 and Game Changer were far ahead of the TME 419 they were used to. Some took a few stems to plant on their fields, saying they would love to adopt the new varieties.
There was also a demonstration of the processing of the new varieties to prove that their dry matter and starch contents were high and of great food value.
The participants witnessed the entire process from the farm to the table where they consumed garri, eba and fufu, chips and chinchin made from the two varieties.
The meals were consumed with vegetable and egusi stew made with cassava leaves.
Speaking on the field, Dr. Vishnuardhan Banda, Product Manager for Crop Variety Development, IITA, expressed joy that the farmers and processors were happy with the new varieties and eager to plant them on their farms.
He however urged them to always send feedback on the performance of the varieties to the researchers.
“We want you to work with us. You are very important in the process of crop improvement. You are the farmers and the first consumers. We urge you to always tell us how these varieties are performing on your various farms.
You have seen that these are very good varieties but we know that in years to come, you would need something new. Just keep giving us feedback about farmers’ choices and complaints, and we the breeders will be working with that information to give you new and better products.”
Ambassador Jaiyeola Lewu, a former Nigerian Ambassador to Brazil, Paraguay and Bolivia, and now a farmer, was present at the event.
While commending the NextGen project and the IITA and NRCRI scientists, Lewu described the varieties as game changers in the agricultural sector, saying “farmers will benefit immensely from them.”
He urged the project leaders to ensure that the products were available and assessible to the farmers who need them.
In his response, Dr. Godwin Atser, the Advocacy, Outreach and Promotions Lead of the IITA Building an Economically Sustainable Integrated Cassava Seed System, Phase 2 (BASICS-II) project, who spoke on behalf of Prof. Lateef Sanni, the Project Manager, stated that the BASICS-II project is using a seed system model to ensure that farmers get access to new and improved varieties.
“There is no gainsaying that farmers need new and improved varieties to improve their livelihoods, ensure food security and contribute to economic development. .
“That is why we created the BASICS model, which links Cassava Breeding Programs with Early Generation Seed Companies like IITA GoSeed and Umudike Seed to multiply the foundation seeds that are passed on to cassava seed entrepreneurs who produce certified seeds for onward dissemination to farmers,” he said.
Present at the product launch were farmers, processors, and representatives from Kogi State Ministry of Agriculture, Kogi State Agricultural Development Program, Nigeria Cassava Growers Association and other public and private sector stakeholders. IITA and NRCRI scientists were also in attendance.
UNICEF Reveals 226,000 Grave Violations Against Children
Share Post Views: 36 By Evelyn Terseer, Abuja. Between 2005 and 2020, the United Nations verified over 266,000 grave violations...
Biden Announces Expansion of U.S. Military Presence in Europe
Share Post Views: 39 The U.S. military presence in Europe is set for a long-term expansion, U.S. President Joe Biden...
Breaking: Reps Raise Crack Team to Probe Oil Subsidy Regime Under Buhari
Share Post Views: 36 By Ubong Ukpong, Abuja The House of Representatives yesterday, raised a crack adhoc committee, to Probe...
Senate Wades into Ewkeremadu Saga, Sends Delegation to London
Share Post Views: 48 President of the Senate, Ahmad Lawan, has disclosed that a delegation from its Committee on Foreign...
Tinubu Doesn’t Need to Resubmit Certificates – Uzodinma
Share Post Views: 49 Governor Hope Uzodinma of Imo state has taken a swipe at Nigerians for raising what he...
FIFA Emerges Best Global Sports Federation on Governance Standards
Share Post Views: 40 By Eze Okechukwu, Abuja FIFA has been rated among the international sporting federations with the best...
Wabote Tasks Security Agencies on Enforcement of Nigerian Content in Oil and Gas Sector
Share Post Views: 35 From Tayese Mike, Yenagoa The Nigerian Content Development and Monitoring Board (NCDMB) has tasked security agencies...
Tricycle Riders Grounds Commercial Activities in Yola
Share Post Views: 34 From Yagana Muhammad, Yola Commercial activities were Tuesday morning grounded in Jimeta, the commercial Headquarters of...
Reps Urge Foreign Affairs Ministry to Provide Ekweremdu with Consular Support
Share Post Views: 35 The House of Representatives has urged the Federal Ministry of Foreign Affairs and Nigeria’s High Commission...
Over 1milliom Old PVCs, 28,000 New Ones Uncollected in Lagos — INEC
Share Post Views: 40 The Independent National Electoral Commission (INEC) in Lagos State, has revealed that a total of 1,091,157...