Nigeria: Emefiele predicts agricultural revolution within three years

Published 2021년 7월 20일

Tridge summary

The Central Bank of Nigeria (CBN) and the National Agricultural Land Development Authority (NALDA) are collaborating to provide land and credit to farmers, aiming to boost the agricultural sector. The inauguration of a NALDA farm estate in Daura, Katsina State, which can generate over N1.7bn annually, marks a significant step towards an agricultural revolution in the state. The CBN is exploring affordable financing options for beneficiaries of the agricultural scheme to increase productivity. The farm estate, spread over 100 hectares, is designed for crop and animal production, with facilities for poultry, fish, cow, goat, rabbit, bee-keeping, and crop processing. It also includes a school, clinic, and residential area, creating opportunities for 1,500 women and youth. This initiative is part of the CBN's efforts to stimulate economic growth, diversify the economy, and support smallholder farmers through the Anchor Borrowers' Programme and other schemes.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

*NALDA farm estate to generate over N1.7bn annually James Emejo The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday, said the country was likely to make significant strides over the next three years in repositioning the agricultural sector for greater growth. He said the combined efforts of the apex bank and the National Agricultural Land Development Authority (NALDA) in making land and credit available to farmers would further add to the gains so far recorded through the bank's intervention support in the sector. The CBN governor, at the inauguration of the maiden integrated farm estate established by NALDA in Daura, Katsina State, described the facility as a milestone achievement, which would catalyse the desired agricultural revolution in the state and the country in general. This is as the Executive Secretary/Chief Executive of the authority, Prince Paul Ikonne, said the farm estate, established on a 100-hectare land donated by the Katsina State ...
Source: All Africa

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