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The Minister of Agriculture and Rural Development, Sabo Nanono, said the  Bank of Agriculture   (BOA) was still in distress because no co...

The Minister of Agriculture and Rural Development, Sabo Nanono, said the Bank of Agriculture (BOA) was still in distress because no concrete effort was made to recapitalise it in spite of pronouncements in the past.
Mr Nanono disclosed this while speaking with rhe News Agency of Nigeria(NAN) in Abuja.
He said it was disheartening to note that a bank established to cater for the needs of Nigerian farmers was distressed and nothing serious was done about it.
According to him, the agricultural sector is a major contributor to the country’s Gross Domestic Product (GDP) and as such whatever will help reposition it should not be treated with kids glove.
“The plan was never beyond newspaper publications. I think there was no serious attempt and personally I think that is not the best approach.
“The best approach is to look at it properly and reorganise the bank and reposition it.

”If you are to sell the Bank of Agriculture now, you have to look at some portfolios. Its life assets and dead assets and see the balance between the two.
“Can you afford at that point to go to public, and are you going to privatise it? That means selling it at a go or is it going to be partial investment.
“If the private sector is keying into buying it, obviously they have to look at the portfolio investment of the bank and to me it is not a comfortable position now to go into the financial market for investment,” he said.
The minister pledged his commitment to ensuring that the bank picked up as soon as possible in order to carry out its mandate.
“We are trying to look at it seriously and reposition it. I have already appointed a committee to look into reorganisation of the agricultural bank.”

The Food and Agricultural Organization (FAO), has ranked Nigeria as one of the World’s largest producers of Yam with about 60 per cent of ...

The Food and Agricultural Organization (FAO), has ranked Nigeria as one of the World’s largest producers of Yam with about 60 per cent of the Global production of the product, the Permanent Secretary Federal Ministry of Agriculture and Rural Development Dr Mohammed Bello has said.

Dr Bello, disclosed this in Abuja at the National Awareness Workshop on Yam, organized by the Advocacy and Resource Mobilization Team (ARMT) of Yam Improvement for Income and Food Security in West Africa (YIIFSWA), an initiative of the International Institute of Tropical Agriculture (IITA).


The Permanent Secretary who was represented by the Director of Agriculture in the Ministry, Engr Frank Satumari Kudla, noted that though Nigeria produces about 64 per cent of Yam in the world, it is not among the Comity of Yam Exporting Nations owing to lack of quality seeds of improved varieties and efficient seed production.

He said that (IITA) under it’s (YIIFSWA) programme saw the need to develop High Ratio multiplication technologies such as seed multiplication system that is sustainable and capable of producing high-quality yam seeds at an affordable price to Farmers with high yielding potentials.

The Permanent Secretary also pointed out that, the current practice in Yam Seed production is at a Ratio of 1.1 within 12 Months but that the new technology will produce a 1.300 Ratio within six Months.



In his remark, the Commissioner of Agriculture, Enugu State, Idu Mathew, who was represented by Director Technical Resources, Mr Onuze Benjamin, said that “every country that exports its raw commodity, exports it’s Labour and every other thing that is good to the country.”

He further stated that the Nigeria National Agricultural Council is making effort to ensure that all export products undergo the normal necessary value chain in addition to processing before export, adding that all farmers should take the opportunity of the workshop to add value to what we have in the country.

The focal person (ARMT) and (YIIFWA) Nigeria Team, Dr Pepetua Iyere-Usiahon, said one of the things that brought about the YIIFWA programme is food security and if not well addressed, the populace would do what is expected of them.






#FarmersFirst #WeFeedTheNation #Togetherwecan

#FarmersFirst
#WeFeedTheNation
#Togetherwecan

  How do we stop flood from taking over our Farmland in next year? Keep your solutions coming 


 

How do we stop flood from taking over our Farmland in next year?

Keep your solutions coming 



These are 100% Made-in-Nigeria🇳🇬 Rice... Cultivated, Harvested, Processed and Packaged in Nigeria (including the bags packaging and p...


These are 100% Made-in-Nigeria🇳🇬 Rice...
Cultivated, Harvested, Processed and Packaged in Nigeria (including the bags packaging and prints)

Processed to international standards (also ready for export)

•Ebony Gold from Ebonyi State
•Labana Rice from Kebbi State
•ASM from Kaduna State
•Al-Hamsad from Kano State
•Mama's Pride from Nasarawa State
•Lintex from Ogun State
•Apple from Zaria
•Saham from Kano State
•Dan-modi from Jigawa State
...and lots and lots more.

The Nigerian Rice is everywhere near you.

Rice revolution is going on.
Solomon chukwudi onah 
#Jointhecampaign
#WeFeedTheNation
#FarmersFirst
#Backtofarm
#YouthFarm

Former president, Olusegun Obasanjo, says his mango plantation in Howe, Gwer East Local Government Area will employ over 1,000 workers in...

Former president, Olusegun Obasanjo, says his mango plantation in Howe, Gwer East Local Government Area will employ over 1,000 workers in Benue State.
Mr Obasanjo made the disclosure on Monday in Howe during a visit to the farm to inspect the progress made so far.

He said the plantation would produce and process finished products such as juice from assorted fruits and oil from the seeds that could be used by pharmaceutical companies among others.
“I have come for four things, first to see how the farm has started, thank the governor for his encouragement; thank the community for accepting us and lastly give the workers the way forward.
“The workers are from this community. The mangoes will start producing between three to four years time. We have about 140 hectares of land for the project.’’
The former president said that factories for processing fruits would be built and over a 1,000 people would be employed at completion.

He said the oranges, mangoes and other fruits produced by farmers in the state would not enough be enough to run the factories, hence the need for the plantation.
Governor Samuel Ortom of Benue State, who accompanied Mr Obasanjo on the visit, said the state government was ready to facilitate the enabling environment for investors to invest.

Mr Ortom said agriculture remained the only permanent gold mine in the country, stressing that it was even far more than oil.
He said his administration would support the private sector and promote development and provide employment for the Benue people.
The News Agency of Nigeria (NAN) reports that Mr Obasanjo had earlier laid foundation of the Catholic Diocese of Makurdi School for “Children with Special Needs” in Igbor, Gwer East local government area.

Kayode Idowu, Maiduguri The Central Bank of Nigeria has inaugurated a committee in all local governments in the North-East to recove...


Kayode Idowu, Maiduguri
The Central Bank of Nigeria has inaugurated a committee in all local governments in the North-East to recover N36bn loans advanced to farmers.
The loan facility advanced to the farmers through the North-East Commodity Association is part of the Anchor Borrowers Programme of the Federal Government.
Inaugurating the committee for Borno State and its 27 local government areas on Sunday in Maiduguri, the Chairman of NECA, Alhaji Sadiq Daware, recalled that the association had made it clear to the farmers that the loans would be repaid.
He said NECA was able to secure the N36bn loan from the CBN on six different commodities, comprising rice, maize, sorghum, soya beans, sesame and cotton for farmers in the North-East.
Daware noted that Gombe State farmers got the highest amount because its farmers produced the six commodities, while 3,722 farmers in Borno State got the least amount, having only participated in one commodity (rice).
He said, “With relative peace in Borno, we’re optimistic that at the end of the programme, we’ll be able to make substantive recovery. We expect to recover at least 80 per cent of the loans from the farmers.
“Payment of the loans will definitely allow for the continuation of the programme. If farmers receive loans without paying back, then the programme cannot be sustained.”
The Development Finance Officer at the CBN, Maiduguri Branch, Mahmud Nyako, said payment of the loan varied from commodity to commodity and from hectare to hectare.
He said, “Each farmer gets N212,000 per hectare including labour related activities.”

3'   ADB President, Akinwumi Adesina The President of Africa Development Bank (ADB) Adewumi Adesina has di...


As we celebrate our dear country Nigeria @ 59, we must understand that we have no other country than Nigeria and it is a national call fo...


As we celebrate our dear country Nigeria @ 59, we must understand that we have no other country than Nigeria and it is a national call for each and everyone of us to work harder in order to make Nigeria greater than it has ever been.

At all times, we shall preach & practice peace, we shall preach against division, terrorism, banditry and corruption, for they are the vices that serve as a catalyst to major problems we are facing in the country.

We all should remember that if Nigeria fails as a country, we have all failed as its citizens, irrespective of who you are, where you are or where you are coming from.

We shall not lose hope for our dear country Nigeria, for being hopeful and optimistic, will bring the best out of us, as citizens and as a country.

If growth and development is continuous, then I beg you to give me the benefit of doubt that Nigeria is moving on the right track.

GOD strengthen citizens of Nigeria!

GOD Bless NIGERIA!!

HAPPY INDEPENDENCE DAY!!!

#FARMERSFIRST #YouthFarm  #WeFeedTheNation 

#FARMERSFIRST
#YouthFarm 
#WeFeedTheNation