Connect with us

News

Unity Bank Committed to Make Rice Farmers Achieve Target in Rice Production – Somefun

Published

on

About 642,860 smallholder farmers across 35 states of the federation have received support from Unity Bank Plc under the CBN’s Anchor Borrower’s Programme, ABP to boost food production and attain self-sufficiency in rice production in Nigeria.Giving the assessment at the flag-off of the 2020 wet season harvest aggregation in Kebbi State on Tuesday, the Managing Director/Chief Executive Officer of Unity Bank Plc, Mrs Tomi Somefun reassured the rice farmers of the commitment of the Bank to providing necessary support to rice farmers in Nigeria.While delivering a goodwill message, Somefun went down memory lane stating that the berthing of the Bank is closely linked to the critical role it played in Agric financing, adding that “Unity Bank remains fully committed to its partnership with the Rice Farmers Association of Nigeria, RIFAN and its programmes”.“This commitment will ensure the attainment of Central Bank of Nigeria, CBN’s target to achieve self-sufficiency in rice production through the association,” she added.Unity Bank in 2019 earned an award of recognition, which was jointly presented by President Muhammadu Buhari and the Rice Farmers Association of Nigeria (RIFAN) for its strong participation in the ABP in 2019.

She recalled that the bank’s participation in the CBN’s Anchor Borrower’s Programme, ABP dates back to 2017 after the official flag off the scheme in Kebbi State by President Muhammadu Buhari in November 17, 2015, noting that the first two-State-led-windows of the ABP was sponsored by the Bank.

“We financed wheat production in Jigawa in 2017 with about 1,600 farmers and in the same year, financed rice production in Sokoto State with a total number of about 6,600 smallholder farmers,” she recalled.

She stated that in 2018, the Bank entered into a strategic partnership with three major associations – Rice Farmers Association of Nigeria (RIFAN), Maize Association of Nigeria (MAAN) and National Cotton Association of Nigeria (NACOTAN) and explained that the Bank’s participation in 2017 provided the much-needed experience and the learning curves for the APB transactions.According to Somefun, the Bank’s strategic partnership with RIFAN in 2018 witnessed the financing of about 273,000 smallholder farmers to a tune of about N37 billion. This, she said, was the largest single ticket transaction that year, as the financing cut across 33 states of the Federation including the FCT.

She said, “In 2019, the Bank increased the tally by financing another 146,810 smallholder farmers to a tune of N42 billion for the wet and dry season farming. This funding cut across 35 States of the Federation including the FCT.”She said despite the challenges that came with 2020 especially the coronavirus pandemic, the Bank through the apex bank’s intervention supported the farmers by increasing funding in the Agric sector and also re-priced the interest rate from 9 per cent to 5 per cent.She said that so far, the CBN had funded the association to the tune of N49 billion to finance about 221,450 smallholder farmers across 32 states of the Federation including the FCT.

“Our message to the beneficiaries of this season’s Intervention Programme is that we urge them to take the inputs and utilize it judiciously for the farming purpose which is aimed at actualizing the Federal Government’s goal of attaining food sufficiency, diversification of the economy from oil, job creation for the teeming youth and poverty reduction. The income of the smallholder farmer will significantly improve if the inputs are widely used,” she said.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Army Buries 17 Personnel Killed in Okuama Community

Published

on

By

The 17 military personnel killed in Okuama community in Delta on March 14 have been laid to rest.

The corpses of the soldiers, which arrived at the National Military Cemetery in Abuja at about 2:26 pm on Wednesday, were committed to mother death after burial rites were observed.

President Bola Tinubu, Service Chiefs and other dignitaries were in attendance at the burial ceremony.

DAILY POST recalls that the troops of 181 Amphibious Batallion, Bomadi Local Government Area of Delta State, while on a peace mission to Okuoma Community were ambushed and killed by some irate youths.

The incident occurred when the troops responded to a distress call following a communal crisis between Okuoma and Okoloba communities in Delta State.

The personnel comprised one Lieutenant Colonel, two Majors, one Captain and 13 soldiers.

The officers are Commanding Officer 181 Amphibious Battalion, Lt. Col. A.H Ali; Maj S.D Shafa (N/13976); Maj D.E Obi (N/14395) and Capt U Zakari (N/16348).

The soldiers are SSgt Yahaya Saidu (#3NA/36/2974); Cpl Yahaya Danbaba (1ONA/65/7274); Cpl Kabiru Bashir (11NA/66/9853); LCpl Bulus Haruna (16NA/TS/5844); LCpl Sola Opeyemi (17NA/760719); and LCpl Bello Anas (17NA/76/290).

They also include LCpl Hamman Peter (NA/T82653); LCpl Ibrahim Abdullahi (18NA/77/1191); Pte Alhaji Isah (17NA/76/6079); Pte Clement Francis (19NA/78/0911); Pte Abubakar Ali (19NA/78/2162); Pte Ibrahim Adamu (19NA/78/6079) and Pte Adamu Ibrahim (21NA/80/4795).

DailyPost

Continue Reading

News

Thomas Yormah Emerges As New WAEC Chairman

Published

on

By

By Eric Elezuo

The West Africa Examinations Council (WAEC) has a new Chairman, he is Prof. Thomas Brima Rick Yormah, a former Deputy Vice Chancellor of the Fourah Bay College and former Pro ViceChancellor, University of Sierra Leone as the 21st Chairman of Council.

According to a statement signed by Demianus G. Ojijeogu, the Head, Public Affairs, WAEC Headquarters, Accra, Ghana, Yormah was elected during the just concluded 72nd Annual Council Meeting of the body, held in Freetown, Sierra Leone. He succeeds Prof. Ato Essuman from the Republic of Ghana.

The highpoint of the week-long Council meeting was the recognition and honoring of three Ghanaian candidates with the WAEC International Excellence Award for their outstanding performance in the WASSCE for School Candidates, 2023. They were Master Amo-Kodieh Leonard Kofi, (1st Prize), Master Dzandu Selorm, (2nd Prize), and Master Asenso-Gyambibi Daniel (3rd Prize). The three candidates were selected from 2,327,342 who sat the examination in The Gambia, Ghana, Liberia, Nigeria, and Sierra Leone.

In the same vein, the Augustus Bandele Oyediran Award for the Best Candidate in West Africa, 2023 also went to Master Amo-Kodieh Leonard Kofi. In addition, two candidates from the Republic of Sierra Leone were honoured with the National Distinction, while one candidate received the National Merit Award. They were Miss. Mammah E. A. Raymonda, (1st Prize), Master Bangura Joshua, (2nd Prize), and Master Fillie Sahr Edward (Merit Award).

While the 71st edition of the Council meeting was hosted by Gambia, the next edition, which will be the 73rd in the series, will be hosted by Liberia.

Continue Reading

News

Kidnapped Edo PDP Chairman Regains Freedom

Published

on

By

The kidnapped chairman of the Peoples Democratic Party (PDP) in Edo State, Dr. Tony Aziegbemi, has been released.

Dr. Aziegbemi, who was set free by his abductors in the early hours of Tuesday, March 26, 2024. Report has it that he got to his Benin City residence at about 3am to the waiting arms of family and close friends.

“I am back home with my family. I am fine. I am just trying to rest and will talk to you later,” he was quoted as saying.

Dr. Aziegbemi, a former member of the House of Representatives, who represented Esan North-East/Esan South-East federal constituency of Edo State, was kidnapped on Friday, March 15, 2024 when his abductors who rode in two Toyota Corolla cars, trailed him after he left a meeting.

The gunmen overtook Aziegbemi’s sports utility vehicle (SUV) at a speed break as it slowed down along Osaro Street, off Country Home Road, close to his house at about 11pm on Friday night before seizing him.

It is not clear yet if a ransom was paid for his release as the abductors had reportedly demanded a sum of N50 million before setting him free.

Continue Reading

Trending