Agriculture has benefited from macroeconomic and structural reforms initiated by the Buhari administration aimed at economic stability, inflation reduction and trade expansion. Analysts say the reforms could pave the way for competitive agricultural operations, if the government takes steps to reduce production costs and enhance the agro business environment, DANIEL ESSIET reports.
In the four years under review, a series of important policies were introduced to promote key branches in the agriculture sector.The Green Alternative, One of those who share this thought is the National President, Federation of Agricultural Commodities of Nigeria , Dr Victor Iyama.This followed the launch of Green Alternative policy and other programmes, presenting agriculture as a top priority.
In addition, CBN’s engagements with oil palm value chain stakeholders have also been yielding fruits. He also told the Oil Palm Value Chain Stakeholders that, “on the finance supply side, the Bankers’ Committee had established a special sub-committee to make recommendations on sustainable financing models for oil palm and four other critical agricultural commodities that include cocoa, sesame seed, shea-butter and cashew.
One partnership, he noted was NIRSAL ‘s Memorandum of Understanding with Heritage Bank Plc, which he said would ensure secured financing of agribusiness within all segments of the agricultural value chain. The State Chairman, Kebbi/Sokoto Rice Farmers Association of Nigeria, Muhammed Augie said the programme has helped increase local production of the commodity.
Iyama said CBN’s support towards rice production has contributed significantly to the success of the agricultural sector. With some transporters unwilling to risk damage to their vehicles from substandard roads, Ilona said growers experience difficulties in bringing their crops to market, weakening the supply-chain links to processors, and subsequently leading to produce losses.
Good news
Thanks to Emefiele's Interventions and reappointment.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Our curriculum should be refocused on diversifying Nigeria's economy, says Osinbajo | | The Nation NewspaperVice-President Yemi Osinbajo has said the country's curriculum for tertiary institutions should be re-focused on diversifying the economy. Prof. Osinbajo spoke yesterday in Abuja, the nation's capital, at the first national tertiary admissions performance merit award organised by the Joint Admissions and Matriculation Board (JAMB). He said the current administration focused on people at the poverty baseline of the economy with the introduction of MarketMoni System and other strategies of economic development. Prof Osinbajo, who was represented by Special Adviser (SA) on National Social Welfare Programme, Mrs Maryam Uwais, noted that the sustenance of the policies and strategies as well as responses to world market economy resided in the tertiary institutions. He said: 'The nation's curriculum should be aggressively refocused on diversifying the economy towards knowledge-based and driven on development of solid minerals, sports and tourism and small scale enterprises. 'This The country's curriculum for tertiary institutions should be completely overhauled to meet current advancements. Just some weeks back, a 500level Electrical Engineering student in our top 5 FedUNI was being taught the principle of operation of black and white TV in class.
Source: TheNationNews - 🏆 6. / 69 Read more »
Emefiele: I get insults for using unconventional methods to improve economy - The Nation NewspaperCentral Bank of Nigeria (CBN) Governor, Godwin Emefiele, yesterday revealed how he battles abuses and insults for adopting unconventional methods Is it that the Government don't use your unconventional method, or your method turns out to be bad and distrust? Which unconventional method & economy does these ideas improved? The only unconventional method you used successfully, improved the bank account of these cabals who put in a word or two in favour of your re-appointment. Let's not forget your conversion to Islam to keep your job. Your method is archaic. It’s not working
Source: TheNationNews - 🏆 6. / 69 Read more »
UPDATED: Growth, price stability don't happen together, says Emefiele - The Nation NewspaperCentral Bank of Nigeria (CBN) Governor, Godwin Emefiele has said that an economy is unlikely to achieve growth and price stability at a go,
Source: TheNationNews - 🏆 6. / 69 Read more »
2019 India Elections: Indians in Nigeria celebrate Narendra Modi's victory | | The Nation NewspaperIndians resident in Nigeria celebrate the incumbent Prime Minister, Narendra Modi's victory during the recently concluded elections in India. Mr Sanjay Srivastava, President, Overseas Friends of Bhartiya Janta Party (OFBJP), Nigeria chapter, said on Friday in Lagos that Modi's re-election signalled that Indians would enjoy another five years of democratic and inclusive governance. The celebration was held on May 23, 2019 at Palmgrove Hall, Ilupeju, Lagos State. Srivastava said that Indians in Nigeria left their various jobs to celebrate Modi's victory because the development meant that India's problem of nepotism, corruption, religious bigotry would be further dealt with. He said India had experienced sporadic development since Modi's assumption of office five years ago as remarkable development were recorded in the areas of banking, infrastructure development and industry expansion. 'We are so excited because we know there would be continuity for those good jobs Modi had been doing in
Source: TheNationNews - 🏆 6. / 69 Read more »