• About Us
  • Terms & Conditions
  • Contact Us
Friday, December 8, 2023
Investogist
No Result
View All Result
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    FIRS, JTB begin ‘full scale enforcement’ on tax defaulters

    FIRS waives penalties for tax defaulters, gives December deadline

    JUST IN: Diesel tanker explodes in Lagos

    JUST IN: Diesel tanker explodes in Lagos

    5 burnt to death,  11 wounded in Akwa Ibom auto crash

    5 burnt to death, 11 wounded in Akwa Ibom auto crash

    Appeal Court upholds Alex Otti’s victory as Abia governor

    Appeal Court upholds Alex Otti’s victory as Abia governor

    Nigerian Air Force Helicopter crash-lands in Port Harcourt

    Nigerian Air Force Helicopter crash-lands in Port Harcourt

    We did not ban ‘Ghana Must Go’ bags at airports – FAAN

    We did not ban ‘Ghana Must Go’ bags at airports – FAAN

    ‘Ghana Must Go’ bags banned at airports – FAAN

    ‘Ghana Must Go’ bags banned at airports – FAAN

    Abia Gov Alex Otti swears in 17 ‘selected’ Transition Council Chairmen/Mayors

    Abia Gov Alex Otti swears in 17 ‘selected’ Transition Council Chairmen/Mayors

    List of #ENDSARS panel’s 32 recommendations and Lagos State Govt’s response

    Lagos govt to arrest and prosecute anyone that closes roads for parties, social events

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Details of the N27.5 trillion 2024 Budget presented by Tinubu

    Details of the N27.5 trillion 2024 Budget presented by Tinubu

    FIRS, JTB begin ‘full scale enforcement’ on tax defaulters

    FIRS waives penalties for tax defaulters, gives December deadline

    FG opens application for 4IR technologies, where to apply

    FG opens application for 4IR technologies, where to apply

    JUST IN: Tinubu signs Student Loan bill into law

    FULL TEXT: Tinubu’s speech on the N27.5 trillion 2024 budget

    Full text of CBN Governor Yemi Cardoso’s keynote address at CIBN dinner

    Full text of CBN Governor Yemi Cardoso’s keynote address at CIBN dinner

    83 students on Federal Government scholarship depart for Morocco

    83 students on Federal Government scholarship depart for Morocco

    CBN Governor to unveil Bank’s Monetary Policy Trust and Economic Outlook for 2024

    CBN Governor to unveil Bank’s Monetary Policy Trust and Economic Outlook for 2024

    FG launches Startup Support, how to apply

    FG launches Startup Support, how to apply

    Lekki Deep Sea Port receives first transshipment vessel

    FG plans to re-establish National Shipping Line, Maritime workers reject plan

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    FG lists 4 border points in Ukraine Nigerians can cross to safety

    Beta Glass Plc announces change of Registrar

    Norwegian Energy company Equinor sells its Nigerian business

    Norwegian Energy company Equinor sells its Nigerian business

    Guinness Nigeria Plc: Adebayo Alli takes over as Managing Director

    Guinness Nigeria Plc: Adebayo Alli takes over as Managing Director

    JUST IN: NCAA suspends all United Nigeria Airlines’ wet-leased aircrafts

    JUST IN: NCAA suspends all United Nigeria Airlines’ wet-leased aircrafts

    Any refinery with more than 50,000 barrels per day capacity must sell minority share to NNPC – Muhammadu Buhari

    First cargo of crude oil to be ready for refining in December – Aliko Dangote

    Board of Directors of Guinness Nigeria Plc to hold extra-ordinary meeting

    Board of Directors of Guinness Nigeria Plc to hold extra-ordinary meeting

    MTN Nigeria Communications Plc announces Board Meeting and close period for Q1 2021

    MTN Nigeria to issue N72.1 billion series 10 commercial paper

    Access Holdings Plc announces death of Chairman

    Access Holdings Plc announces death of Chairman

    Binance users pull over US$1 billion from the crypto exchange

    Binance users pull over US$1 billion from the crypto exchange

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The Local Equities Market Closed Red, Declines by 49bps as banking stocks reverse gains

    How to recover unclaimed dividends in Nigeria

    PZ Cussons Nigeria publishes over 61,000 names of Shareholders with unclaimed dividend

    Again DMO offers N360 billion FGN bond for February

    FGN savings bond for December opens for subscription

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI Increased by 78bps as banking stocks top gainers table

    Bitcoin soars above $21,000 as U.S. dollar sags

    Bitcoin rises above $41,000 on renewed interest

    Seplat Energy gains 120% in one year

    Seplat Energy gains 120% in one year

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    Market Report: The NGX- ASI declined by 44bps

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI increased by 7bps, as BETAGLASS gains 10%

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2023, qualification and payment dates

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    FIRS, JTB begin ‘full scale enforcement’ on tax defaulters

    FIRS waives penalties for tax defaulters, gives December deadline

    JUST IN: Diesel tanker explodes in Lagos

    JUST IN: Diesel tanker explodes in Lagos

    5 burnt to death,  11 wounded in Akwa Ibom auto crash

    5 burnt to death, 11 wounded in Akwa Ibom auto crash

    Appeal Court upholds Alex Otti’s victory as Abia governor

    Appeal Court upholds Alex Otti’s victory as Abia governor

    Nigerian Air Force Helicopter crash-lands in Port Harcourt

    Nigerian Air Force Helicopter crash-lands in Port Harcourt

    We did not ban ‘Ghana Must Go’ bags at airports – FAAN

    We did not ban ‘Ghana Must Go’ bags at airports – FAAN

    ‘Ghana Must Go’ bags banned at airports – FAAN

    ‘Ghana Must Go’ bags banned at airports – FAAN

    Abia Gov Alex Otti swears in 17 ‘selected’ Transition Council Chairmen/Mayors

    Abia Gov Alex Otti swears in 17 ‘selected’ Transition Council Chairmen/Mayors

    List of #ENDSARS panel’s 32 recommendations and Lagos State Govt’s response

    Lagos govt to arrest and prosecute anyone that closes roads for parties, social events

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Details of the N27.5 trillion 2024 Budget presented by Tinubu

    Details of the N27.5 trillion 2024 Budget presented by Tinubu

    FIRS, JTB begin ‘full scale enforcement’ on tax defaulters

    FIRS waives penalties for tax defaulters, gives December deadline

    FG opens application for 4IR technologies, where to apply

    FG opens application for 4IR technologies, where to apply

    JUST IN: Tinubu signs Student Loan bill into law

    FULL TEXT: Tinubu’s speech on the N27.5 trillion 2024 budget

    Full text of CBN Governor Yemi Cardoso’s keynote address at CIBN dinner

    Full text of CBN Governor Yemi Cardoso’s keynote address at CIBN dinner

    83 students on Federal Government scholarship depart for Morocco

    83 students on Federal Government scholarship depart for Morocco

    CBN Governor to unveil Bank’s Monetary Policy Trust and Economic Outlook for 2024

    CBN Governor to unveil Bank’s Monetary Policy Trust and Economic Outlook for 2024

    FG launches Startup Support, how to apply

    FG launches Startup Support, how to apply

    Lekki Deep Sea Port receives first transshipment vessel

    FG plans to re-establish National Shipping Line, Maritime workers reject plan

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    FG lists 4 border points in Ukraine Nigerians can cross to safety

    Beta Glass Plc announces change of Registrar

    Norwegian Energy company Equinor sells its Nigerian business

    Norwegian Energy company Equinor sells its Nigerian business

    Guinness Nigeria Plc: Adebayo Alli takes over as Managing Director

    Guinness Nigeria Plc: Adebayo Alli takes over as Managing Director

    JUST IN: NCAA suspends all United Nigeria Airlines’ wet-leased aircrafts

    JUST IN: NCAA suspends all United Nigeria Airlines’ wet-leased aircrafts

    Any refinery with more than 50,000 barrels per day capacity must sell minority share to NNPC – Muhammadu Buhari

    First cargo of crude oil to be ready for refining in December – Aliko Dangote

    Board of Directors of Guinness Nigeria Plc to hold extra-ordinary meeting

    Board of Directors of Guinness Nigeria Plc to hold extra-ordinary meeting

    MTN Nigeria Communications Plc announces Board Meeting and close period for Q1 2021

    MTN Nigeria to issue N72.1 billion series 10 commercial paper

    Access Holdings Plc announces death of Chairman

    Access Holdings Plc announces death of Chairman

    Binance users pull over US$1 billion from the crypto exchange

    Binance users pull over US$1 billion from the crypto exchange

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The Local Equities Market Closed Red, Declines by 49bps as banking stocks reverse gains

    How to recover unclaimed dividends in Nigeria

    PZ Cussons Nigeria publishes over 61,000 names of Shareholders with unclaimed dividend

    Again DMO offers N360 billion FGN bond for February

    FGN savings bond for December opens for subscription

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI Increased by 78bps as banking stocks top gainers table

    Bitcoin soars above $21,000 as U.S. dollar sags

    Bitcoin rises above $41,000 on renewed interest

    Seplat Energy gains 120% in one year

    Seplat Energy gains 120% in one year

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    Market Report: The NGX- ASI declined by 44bps

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI increased by 7bps, as BETAGLASS gains 10%

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2023, qualification and payment dates

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home Business Agriculture

African Development Bank approve $134 million loan for Nigeria

Friday, 5 August 2022, 10:56 pm
in Agriculture, Business, News, Nigeria
2
African Development Bank approve $134 million loan for Nigeria
Share Share Share Share Send as Email

Nigeria’s Minister of Agriculture has said that the Federal Government obtained a loan of $134 million from the African Development Bank (AfDB) to boost wheat production.

The Minister was speaking in Abuja, while briefing State House correspondents on the implementation of the presidential mandate given to the ministry.

Also read; African Development Bank approves $5 million grant for Desert-to-Power Scheme in the G5 Sahel Countries

The wheat is to be cultivated in Jigawa, Kebbi, Kano, Bauchi, Katsina, Kaduna, Sokoto, Zamfara, Gombe, Plateau, Borno, Yobe, Adamawa, and Taraba States.

The minister noted that with 250,000 farmers cultivating 250,000 hectares in the 2022 dry season, the initiative would raise wheat production to 750,000 metric tonnes.

According to the Minister, the FG had deployed 5,000 agro rangers drawn from the Nigeria Security & Civil Defence Corps to protect farmers facing security challenges.

On 18th July, the Board of Directors of the African Development Bank Group approved a $134 million for the National Agriculture Growth Scheme – Agro pocket program in Nigeria to scale up food production and boost livelihood resilience.

The program according to AfDB will support fast-tracking of the implementation of key policy and institutional reforms and boost private sector participation in agriculture. This will help increase cereals and oil grains production by 7 million tonnes to 35 million tonnes. It will also increase average cereal yields from 1.42 tonnes to 2 tonnes per hectare during the September 2022-December 2023 implementation period.

The program aligns with the Bank’s African Emergency Food Production Facility and will support Nigeria’s efforts to mitigate the impacts of the war in Ukraine.

Lamin Barrow, Director General of the Bank’s Nigeria Country Department, said the program would prioritize support for five strategic crops: maize, rice, wheat, soya beans and sorghum, with a particular focus on wheat value chains.

He said National Agriculture Growth Scheme – Agro Pocket program is anchored in the National Agriculture Technology and Innovation Policy (2022-27) which aims to modernize Nigeria’s agriculture sector in line with changing global food systems and supply chains. The program will complement Bank-supported operations in the country, particularly the Special Agricultural Special Zones.

Lamin Barrow, Director General of the Bank’s Nigeria Country Department, said the program would prioritize support for five strategic crops: maize, rice, wheat, soya beans and sorghum, with a particular focus on wheat value chains.

He said National Agriculture Growth Scheme – Agro Pocket program is anchored in the National Agriculture Technology and Innovation Policy (2022-27) which aims to modernize Nigeria’s agriculture sector in line with changing global food systems and supply chains. The program will complement Bank-supported operations in the country, particularly the Special Agricultural Special Zones.

The Special Agro-Industrial Processing Zones (SAPZs) is an integrated development initiative aimed at concentrating agro-processing activities within areas of high agricultural potential to boost productivity and integrate the production, processing and marketing of selected commodities.

The AfDB granted Nigeria a loan of $540 million for the Special Agro-Industrial Processing Zones, which is envisioned to unleash the potential of food and agribusiness for Nigeria and Africa.

The Special Agro-Industrial Processing Zones will be located in 7 States – Kano, Kaduna, Oyo, Ogun, Kwara, Imo, Cross River and the FCT.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

Related Posts:

  • CyrilRamaphosa-2
    South Africa gets $288 million loan from African…
  • Solar Energy
    African Development Bank approves $5 million grant…
  • afdb annual meeting
    Nigeria doubles African Development Bank voting…
  • Satelit Night image
    Another Loan for Nigeria: $750 Million from The…
Previous Post

US economy adds 528,000 Jobs in July, exceeding expectations

Next Post

The Local Bourse Records Gain… As Year-to-Date in closed at 18.74%

Next Post
Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

The Local Bourse Records Gain… As Year-to-Date in closed at 18.74%

Comments 2

  1. Nemelum says:
    1 year ago

    Scam, they will loot it all

    Reply
  2. Basil says:
    1 year ago

    These other loans always fly under the radar, while it’s always about Chinese loans in public discuss.

    Reply

Leave a Reply Cancel reply

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

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2023, qualification and payment dates

How to recover unclaimed dividends in Nigeria

PZ Cussons Nigeria publishes over 61,000 names of Shareholders with unclaimed dividend

UPDATED: Nigerian Lady falls to death with Infant Child in Bahrain

UPDATED: Nigerian Lady falls to death with Infant Child in Bahrain

Again DMO offers N360 billion FGN bond for February

FGN savings bond for December opens for subscription

Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

The Local Equities Market Closed Red, Declines by 49bps as banking stocks reverse gains

How to recover unclaimed dividends in Nigeria

PZ Cussons Nigeria publishes over 61,000 names of Shareholders with unclaimed dividend

Again DMO offers N360 billion FGN bond for February

FGN savings bond for December opens for subscription

Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

The NGX- ASI Increased by 78bps as banking stocks top gainers table

Investogist
info@investogist.com

Follow us

Categories

  • Africa
  • Agriculture
  • Arts & Entertainment
  • Budgets
  • Business
  • Columnists
  • Commodities
  • Companies
  • Cryptocurrencies
  • Economic Data
  • Economy
  • Editorials
  • Financial Education
  • Football
  • Forex
  • Industry
  • Investogist Business Saturday
  • Job Opportunities
  • Markets
  • Nature
  • News
  • Nigeria
  • Op-ed
  • Opinion & Analysis
  • Places & People
  • Policies
  • Rates & Bonds
  • Sports
  • Stocks/Equities
  • Technology
  • Travel & Tours
  • Vacancies
  • World

Quick Links

  • News
  • Economy
  • Markets
  • Business
  • Opinion & Analysis
  • Travel & Tours

Newsletter

Copyright © 2023 investogist.com, All Rights Reserved

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us
No Result
View All Result
  • Home
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2023 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist