Tag Archives: #Governor

Economic Recovery: CBN to Launch Non-interest Loan For Farmers

The CBN Governor, Mr. Godwin Emefiele, on Thursday hinted of plans to integrate non-interest loan window in all its intervention programmes, particularly the Anchor Borrowers Programme (ABP) and the Targeted Credit Facility (TCF) for households and Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic This is even as it said it budgeted N432 billion to support about 1.1 million farmers in the 2020 wet season farming under its Anchor Borrowers Programme (ABP).

CBN earmarks N432bn for farmers in 2020 N50bn loan: CBN waives guarantor requirement for SMEs, households. The Bank’s Director, Development Finance Department, Yila Yusuf, made these disclosures at a stakeholders’ meeting held in Abuja to review the successes recorded so far under the ABP and the strategies for the 2020 agricultural wet season. Yusuf, who represented the apex bank governor, Godwin Emefiele, at the forum, said:

“We are advancing N432 billon, through the banks, to the famers in the 2020 wet season across nine different commodities. The commodities are rice, maize, cotton, oil palm, and cowpea. We are also doing livestock, they are: poultry and fish.”

While projecting that the impact of the investment will be phenomenal, the development finance expert pointed out that the 2020 wet season support represented the largest Anchor Borrowers Programme the bank will be doing since 2015 when the programme was launched. According to him, the bank is targeting over 1.1 million farmers, farming over 1 million hectares of land as well as a combined output of over nine different commodities of 8.32 million metric tonnes.

” Yusuf projected that the intervention should create about five million jobs down the agro-commodities value chains. On the planned non-interest loans, he said “the CBN Governor has directed we create a non interest window especially for the North West and the North East. We have received several correspondents from concerned citizens especially on the CIVID-19 funds. In the weeks to come, we will announce a policy on the non-interest loans” he stated.

In his remarks, the apex bank’s Director, Corporate Communications Department, Isaac Okorafor, said the bank in the 2020 agricultural wet season, was committed to aggressively fund its agricultural programmes and spur farmers along select crop value chains to prevent food insecurity in the country. On the Targeted Credit Facility (TCF) of the Bank which aims at alleviating the impact of the corona virus on individuals and small businesses, he restated the bank’s commitment to its disbursement to stimulate Nigeria’s speedy economic recovery. Related CBN earmarks N432bn for farmers in 2020 CBN to fund 1.6m farmers for wet season operations Anchor Borrowers: CBN to empower 11,250 wet season farmers in Adamawa

WHY FOCUS ON THE CENTER? – Comfort Onah Ekpenge

WHY FOCUS ON THE CENTER? – Comfort Onah Ekpenge

Is President Buhari Really Our Problem?

Why is it so difficult for the Nigerian Public to rise with one voice to make the state governors to start working in the public interest?

PMB granted autonomy and direct disbursement of LG funds, but the governors rejected it, because they know you and I are more focused on the President. Have you asked why they rejected it?

PMB signed an order to grant financial autonomy to House of Assemblies and the Judiciary, to strengthen governance at the state level, the governors are heading to court to stop him.

These are the people you voted for at the state level. The people who are responsible for your healthcare infrastructure, creation of employment opportunities, and the achievement of the nation’s economic objective. They want to pocket the House of Assemblies and the Judiciary, yet No protests anywhere, the civil societies are silent. The Social Media is busy with The “I can’t breath” Protests.

You cannot hold your governors accountable.

The President is the only man you know to be responsible for your welfare and good governance at all tiers of the government. Yet, those you voted to be in charge of state affairs adjudicated their duties, knowing you can’t do anything about it, because you are simply not focused.

People can’t talk to the Local government Chairman in their states, some of you don’t know that billions are paid monthly into their accounts to take care of your LG: Road rehabilitation, drainage, environment, markets, education etc. Have you ever raised your voice to make your Local Govt Chairman publish monthly how they spend the money?

But you wake up every morning, shouting Buhari is the problem. Yesterday it was GEJ….. BLa bla bla.

Stand before the mirror and ask yourself some questions.

Making Nigeria work is a collective responsibility of all of us, not just PMB’s.

Wake Up Nigerians
God Bless Nigeria.

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