SmartPreneur
Advertisement
  • Home
  • Trending News
  • Radio
  • TV
  • Hustle Life
  • Games & Quizzes
No Result
View All Result
  • Home
  • Trending News
  • Radio
  • TV
  • Hustle Life
  • Games & Quizzes
No Result
View All Result
SmartPreneur
No Result
View All Result
Home Trending News

CBN To Collaborate With NALDA To Develop Farms Across Nigeria

Blessing Osazuwa by Blessing Osazuwa
July 23, 2021
in Trending News
0
COVID-19 Fund: CBN Disburses N107.45bn To Beneficiaries To SMEs, Others
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

Godwin Emefiele,  Governor, Central Bank of Nigeria (CBN), has said the bank would collaborate with the National Agriculture Land Development Authority (NALDA) to develop integrated farms across the country.

Join our communityJoin our communityJoin our community

He said the farms would provide affordable and accessible finance to farmers in Nigeria’s rural communities and provide jobs for its teeming population.

Emefiele spoke during the inauguration of the first National NALDA Integrated Farm Estate in Suduje Daura, Katsina State.

Emefiele said the bank would collaborate with the NALDA to develop integrated farms across the country, provide affordable and accessible finance to farmers in Nigeria’s rural communities and provide jobs for its teeming population.

He noted that the NALDA integrated farm estate would serve as an agricultural hub for inhabitants of the area with its wide-range of facilities to support rearing of poultry, goat and rabbit pens as well as fish ponds, crop farming areas, processing and packaging plants, storage, clinics, residential area, school, training centres, and an administrative facility.

Emefiele therefore expressed the CBN’s readiness to work with NALDA to replicate similar integrated farm projects in rural communities in order to make life more meaningful for inhabitants of those areas through the provision of affordable and accessible finance to the beneficiaries under the integrated farm programme.

During the inauguration, President Muhammadu Buhari reiterated that his administration remained committed to the goal of ensuring that Nigeria produces what Nigerians eat and eating what the country produces.

The president also restated that the government was determined to get 100 million Nigerians out of poverty during his tenure, stressing that he would continue to drive policies that will ensure food sufficiency and boost exports.

While commending the Buhari administration for resuscitating NALDA to optimally deliver on its mandate, Emefiele noted that Nigeria’s survival as a country was hinged on the resourcefulness and synergy among the government’s ministries, departments and agencies (MDAs) in areas of policy formulation and implementation, which he emphasised was essential to the attainment of Nigeria’s desired economic growth.

He said the apex bank would partner NALDA and explore the potential of providing affordable and accessible finance to the beneficiaries under the integrated farm programme.

This, he added, would scale up productivity and provide jobs for Nigerians. He also urged deposit money banks to support the NALDA mandate, which he noted aligned with the developmental priorities of the CBN.

Speaking further, Emefiele reiterated that the CBN, through the deployment of well targeted intervention programmes to farmers in the rural communities, was aiding the government’s efforts at improving job and wealth creation.

“These measures are also supporting our nation’s food security objectives. Nigeria is likely to make significant strides over the next three years in repositioning our agricultural sector for greater growth, given the combined efforts of NALDA, and the CBN’s in making land and credit available to farmers,” he added.

The CBN Governor also emphasised the successes of the Bank through specific interventions such as the Anchor Borrowers’ Programme (ABP), Accelerated Agriculture Development Scheme (AADS) and the Private Sector-led Accelerated Agriculture Development Scheme (p-AADS), the Agri/Business Small and Medium Enterprise Investment Scheme (AgSMEIS) and the Targeted Credit Facility (TCF), all of which he noted were aimed at stimulating investments in critical sectors and segments of the economy, particularly those with high-growth impact and high employment potential.

Tags: Accelerated Agriculture Development Scheme (AADS)Agri/Business Small and Medium Enterprise Investment Scheme (AgSMEIS)Agricultural initiativesAgricultural schemesAnchor Borrowers’ Programme (ABP)Central Bank of NigeriaGodwin EmefieleIntervention fundsNALDAPrivate Sector-led Accelerated Agriculture Development Scheme (p-AADS)Targeted Credit Facility (TCF)
Previous Post

Application: 2021 UNICEF Funding Opportunity for Tech Startups

Next Post

Nigeria To Boost Trade Through ECOWAS TPO Network

Blessing Osazuwa

Blessing Osazuwa

Blessing does the research to bring you needed information for success.

Next Post
Nigeria To Boost Trade Through ECOWAS TPO Network

Nigeria To Boost Trade Through ECOWAS TPO Network

Please login to join discussion

Recent News

4 Tips That Will Change The Way You Discuss Your Business With People

4 Tips That Will Change The Way You Discuss Your Business With People

June 30, 2022
World MSME Day 2022: Why You Must Not Give Up As An Entrepreneur

World MSME Day 2022: Why You Must Not Give Up As An Entrepreneur

June 27, 2022
How To Build Your Brand As A Hair Salon Owner

How To Build Your Brand As A Hair Salon Owner

June 24, 2022
Creative Intelligence: Usefulness In 21st Century Advertising

Creative Intelligence: Usefulness In 21st Century Advertising

June 23, 2022
SmartPreneur

© 2020 SmartPreneur

Navigate Site

  • Home
  • Trending News
  • Radio
  • Games & Quizzes
  • TV

Follow Us

No Result
View All Result
  • Home
  • Trending News
  • SME
  • Podcast
  • DIY
  • Hustle Life
  • Quizzes
  • TV
  • Contact us
  • Ask an Expert

© 2020 SmartPreneur