FG to Provide Over 2 Million Farmers Zero Interest Loan
As a measure to mitigate the effect of the global health pandemic, the federal government announced zero-interest financing to over 2 million farmers nationwide.
This statement was made on Tuesday at Abuja by the Senior Special Assistant (SSA) to the president on Agriculture, Mr. Andrew Kwaseri.
He said the project would run under Agric for Food and Jobs Plan (AFJP) which would last for 12 months with two million hectares of land to improve productivity.
The presidential aid said trained enumerators have been assigned the task of identifying farmers and farms which qualified as beneficiaries of the program.
He said this would allow proper registration and identification of the farmers and their farms resulting to a comprehensive database that will be used in accessing the financing facilities.
Mr. Andrew also said that the project is futuristic as it would ensure food security in the post-COVID-19 era and eliminate post-harvest loss, thereby, positioning the farmers as drivers of economic growth.
He said “This joint venture between Federal Ministry of Agriculture and Rural Development (FMARD), state governments and other relevant stakeholders including the Central Bank of Nigeria (CBN) is aimed at increasing locally grown food supply.
” It will simultaneously create employment opportunities in the agricultural sector,” he added.
The presidential aide pointed out that the priority crops and livestock targeted by the AFJP for local markets were rice, maize, sorghum, soybean and groundnut.
Others are cowpea, cassava, millet, livestock, horticulture, palm kernel and cotton, while sesame seeds, cocoa, hides and skin as well as horns and hoofs are targeted for export market
Mr Kwaseri confirmed that the Agricultural sector is important and cannot be neglect in the battle to reduce the negative impact of the global health pandemic in the country.
Ndubuisi Ekekwe Moves to Deepen Capabilities Through Free Weekly Business Lessons
In a bid to deepen business and individual capabilities across the African continent, Prof. Ndubuisi Ekekwe, Founder of Fasmicro and the Lead faculty, Tekedia Institute, on Sunday said he will commence free business lessons to enhance accumulation of capabilities.
In a message forwarded to all members of the platform, Tekedia.com, Prof. Ekekwe, explained that when businesses accumulate capabilities, they move upstream and create new competitive tentacles which eventually form the foundation of their growth.
“More so, because of the capabilities, they protect their market shares through strategic moats against competitors and new entrants,” he stated.
Prof. Ekekwe plans to send out two business lessons per week to engage Tekedia’s growing community on the mechanics of business systems. “Each piece would be prepared to pass across a business lesson.”
Prof. Ndubuisi Ekekwe writes regularly in the Harvard Business Review and has spoken at global events — explaining and teaching the mechanics of business systems and nation-building.
To start receiving his free business lessons sign up here.
FG Introduces NEXIT Portal for Npower Batch A and B Beneficiaries
The Federal Government has introduced a new online portal for exited Npower beneficiaries of batch A and B.
According to the Minister for Humanitarian Affairs, Sadiya Farouq, the portal was launched in collaboration with the Central Bank of Nigeria (CBN) to enable exited Npower beneficiaries apply for available federal government empowerment options.
This was disclosed in a statement issued by Nneka Anibeze, the media aide to the minister, on Friday.
The ministry said the NEXIT portal will be used to determine the suitability of exited beneficiaries for various CBN-affiliated programmes.
She explained that selection will be based on the conditions and criteria set by the apex bank.
Ms Farouq, therefore, urged interested exited Npower beneficiaries to log on to the NEXIT portal and provide the required additional information for possible placements into central bank’s intervention options.
“The Minister expressed her deep appreciation to the CBN Governor Mr Godwin Emefiele CON for his support adding that the Ministry of Humanitarian Affairs remained committed to the vision of Mr President to lift 100 million Nigerians out of poverty in the next 10 years.
“Minister Umar Farouq pledged the Ministry’s willingness to collaborate with relevant agencies of government and other stakeholders towards the realization of that vision and congratulated the exited beneficiaries while wishing them well in their future endeavours.
“The Federal Government of Nigeria is very proud of the milestones you have achieved during your period of service to the nation. As we prepare to exit into prospective endeavours.”
Ellah Lakes Partner Ondo State Government to Develop Oil Palm, Cassava in the State
The management of Ellah Lakes Plc said it has partnered with Ondo State Government to develop and manage 5000 hectares of land for the purpose of cultivating oil palm and cassava in Ondo State, Nigeria.
The company stated in a statement signed by Kenechi Ezezika, Company Secretary, Ellah Lakes Plc.
Speaking on the development, the Chief Executive Officer, Chuka Mordi said: “This is a significant landmark for the Company in the development of our landbank, & we are very excited to be working with ODSG.
“I am delighted that we are fulfilling our strategic objective of progressively expanding our land bank & diversifying our portfolio and production base. I am also glad to say that the intercropping programme in Edo State is progressing steadily & we have achieved our first milestone of 100Hectares of Cassava with the participation of personnel of the Agricultural Development Program (ADP), in Edo State”.
The Special Adviser on Development & Investment to the Ondo State Governor/ Chief Executive Officer of Ondo State Development and Investment Promotion Agency (ONDIPA), Mr. Akinboye Oyewumi, who also spoke on the development said: “We are pleased with this collaboration with Ellah Lakes Plc., and we look forward to a mutually beneficial, valuable and fruitful venture.”
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