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CBN extends lending programme to 1,059,604 farmers

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The Central Bank of Nigeria says 1,059,604 smallholder farmers have benefitted from the Anchor Borrowers Programme.

The Anchor Borrowers Programme, which was launched in November 2015, was designed to build partnerships between smallholder farmers and reliable large-scale agro-processors, with a view to increasing agricultural output, while improving access to credit for farmers.

The CBN stated, “The programme has helped to bolster agricultural production by removing obstacles faced by smallholder farmers. We have also improved access to markets for farmers by facilitating greater partnership with agro-processors and industrial firms in the sourcing of raw materials.

“So far, the programme has supported more than 1,059,604 smallholder farmers across all the 36 states of Nigeria, in cultivating 16 different commodities over 1.114 million hectares of farmland. It has also supported the creation of over 2.5 million jobs across the agricultural value chain.”

Recently, while speaking on development finance intervention, the Central Bank Governor, Godwin Emefiele, said that the bank increased its lending to the agricultural and industrial sectors, through targeted intervention schemes such as the Anchor Borrowers Programme, Commercial Agricultural Credit Scheme and the Real Sector Support Facility.

“In particular, we sought to improve the domestic supply of four commodities (rice, fish, sugar, and wheat), which consume about N1.3tn annually in our nation’s import bill,” he said.

He said its targeted focus on the agricultural and industrial sectors were driven by the vast opportunities for growth in these sectors given the country’s high population.

According to him, it was also instrumental in taking Nigeria out of the recession.

Emefiele said that in 2017, over 50 per cent of the contributions to GDP growth came from the agriculture and industrial sectors.

He said these sectors had the ability to absorb the growing labour pool of eligible workers in its effort to meet the household consumption needs of the Nigerian populace.

If efforts were made to improve productivity gains in the sectors, he said it would reduce the country’s dependence on imported items that could be produced in Nigeria.

He said, “Furthermore, improved productivity in agriculture and manufacturing could also help in reducing our dependence on proceeds from crude oil.

“In 2017, Nigeria’s total revenue from exports of crude oil was $23bn, relative to Indonesia, which earned close to $22bn from the export of palm oil in 2017. Nigeria has vast amounts of arable land that can be put to good use in the cultivation of not only palm oil but also cotton, cocoa, tomatoes and rice to mention a few. Supporting growth in the agriculture and industrial sectors is critical in our efforts to create a diversified wealth base for the country.”

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N150m Spiritual Intercession Demand: Power Minister Adelabu Petitions DSS Against Primate Ayodele

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The Minister of Power, Mr. Bayo Adelabu, has accused Primate Elijah Ayodele, the founder and head of INRI Evangelical Spiritual Church, Oke Afa, Lagos, of blackmail and attempting to extort N150 million from him for “spiritual intercession” to make him governor of Oyo state.

Adelabu, a former governorship candidate, has declared his intention to contest the 2027 Oyo governorship election.

In a petition dated October 13, 2025, signed by Bolaji Tunji, the minister’s special adviser on strategic communications and media relations, to the director-general of the Department of State Services (DSS), Adelabu accused Ayodele of making false prophecies intended to malign his reputation after he rebuffed all efforts from the cleric, who allegedly demanded a huge sum of money and expensive spiritual items.

In a series of text messages between Ayodele and Adelabu, seen by TheCable, the cleric asked the minister to bring 24 APC flags for prayers. The cleric also demanded 1,000 pieces of saxophones/trumpets, with the least expensive Nigerian fairly-used grade costing a total of N50 million and the imported grade-one from China at N130 million in total.

Ayodele asked Adelabu to bring the items by April 1. He later extended the grace till April 4.

“Sir, I don’t do this, but because of the love I have for you,” the primate wrote.

The cleric told the minister that he had sent him several letters while he was CBN deputy governor and other times to the minister in Ibadan, but there was no reply. He repeatedly made requests to call the minister, who told him he was on pilgrimage. Ayodele asked him to “recite almu nasira 200 times”.

The cleric told the minister that what he was doing was based on instruction given to him by God. Ayodele repeatedly told the minister that he would rule Oyo state.

”I have divine advice for you sir, which can help a lot sir, kindly pick my call,” a part of the text message read.

”Do vigil and the angel of God is coming to hear request by 1am…I don’t want you to lose the coming election. That is why I’m following the instructions.”

In response, the minister told the cleric that he could not afford the expensive items.

After the incident, Ayodele, while speaking in his church, said Adelabu had failed and would not become Oyo governor.

In some video clips seen by TheCable, Ayodele said Adelabu had made mistakes and his message to the minister was a “warning from God”.

The cleric dared the minister to arrest or sue him.

TheCable

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Bayelsa Deputy Gov Slumps, Dies at 60

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The Deputy Governor of Bayelsa State, Lawrence Ewhrudjakpo, has died. He was 60 years.

The deputy governor reportedly collapsed in his office in Yenagoa on Thursday, December 11, 2025, around 1:30 p.m., and was immediately rushed to the Federal Medical Centre (FMC), Yenagoa.

He was admitted into the hospital’s emergency department and placed in the Intensive Care Unit (ICU), where efforts to revive him ultimately failed.

Ewhrudjakpo’s media aide, Doubara Atasi, confirmed the death, but declined to provide further details. Hospital sources stated that despite prompt medical attention, the deputy governor could not be revived.

Born on September 5, 1965, Ewhrudjakpo had served as Bayelsa State’s deputy governor since 2020.

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Awujale: Fusengbuwa Ruling House Rejects Kwam 1’s Application

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By Eric Elezuo

The application filed in by juju music maestro, Wasiu Ayinde Marshal also known by many aliases including KWAM 1 and K1 de Ultimate to the Fusengbuwa Ruling House for eligibility consideration towards contesting the Awujale stool, has been declared null and void, and rejected.

In a letter, dated December 11, 2025, and signed by six leading members of the Fusengbuwa Ruling House, led by the Chairman, Otunba Lateef Owoyemi, and titled, Re: Submission of Completed Fusengbuwa Ruling House Members Particulars and Linkage Form, the Ruling House while acknowledging receipt of Ayinde Marshal’s application, noted that there were obvious discrepancies that suggest the renowned singer is not qualified for consideration.

Beyond the fact that the House discovered that the application letter was pre-signed, and certified by a ‘purported family head’, other matters presented to ensure that the House rejected the application. They include:

The form was not signed by the authorized representative (family head) of your purported family unit head

Omoba Adetayo Abayomi Oduneye Eruobodo is not a registered member of the Jadiara Royal House, and therefore, has no locus standi to sign any linkage form in behalf of the family…and 

Our investigation has not revealed any proof of your membership of the Jadiara Royal House, and indeed that of the Fusengbuwa Ruling House.

Consequent upon the above, the House declared his application null and void, and threw it out.

“Consequently, the completed linkage lineage form is hereby declared null, void and of no consequence. For the avoidance of doubt, your claim to the membership of Fusengbuwa Ruling House is rejected and the completed form is of no consequence,” the letter concluded.

Recall that KWAM 1 had a few days ago, formally notified the Fusengbuwa Ruling House of his intention to be considered for the vacant stool of the Awujale of Ijebuland.

He had claimed that his lineage qualifies him to present himself for consideration, in line with established tradition.

However, the rejection as prompted in the Fusengbuwa Ruling House’s letter, may have signaled the end of KWAM 1’s quest to replace the Awujale of ijebuland, Oba Sikiru Adetona, who passed away in July 2025.

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