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Home Business News Business

Rainfall: FG approves N600 billion for food production

William Ukpe by William Ukpe
March 26, 2021
in Business
NIRSAL, The National Information Technology Development Agency has kick-started a job and wealth creation programme where 130 farmers will each receiv, e seed funding of N100,000Border Closure: Nigerian rice farmers are struggling to feed a rice-hungry nation. CBN to give Niger Delta rice farmers single-digit loan 
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President Muhammadu Buhari has approved the sum of N600 billion to take advantage of this year’s rainy season and enhance food production.

This was disclosed in a report by NTA news on Thursday evening. The Federal Government said it released the sum in a bid to encourage food security despite challenges to security.

This is coming as Rice Farmers showcased their ability to contribute to the National food production at an event to showcase the effectiveness of CBN’s anchor programme

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READ: Herdsmen crisis could worsen food crisis

“Nigeria is expected to produce 60% of the country’s wheat demand under the CBN’s anchor borrowers programme,” the report stated.

What you should know 

Nairametrics reported earlier that the Nigeria Hydrological Services Agency (NHSA) warned that Nigeria is inching closer to a peak rainy season and urged states, local governments to embark on precautionary measures to prevent cases of flooding.


Follow us for Breaking News and Market Intelligence.
Tags: anchor borrowersfood production
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

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Comments 4

  1. Abba ibrahim says:
    May 16, 2021 at 8:27 pm

    Trader

    Reply
  2. Saminu says:
    July 3, 2021 at 11:08 pm

    I need it to farmer

    Reply
  3. Muhammad Ibrahim says:
    July 4, 2021 at 11:37 am

    Ksgeksvsv sisbdvensbvdndg my vsbusbsbsvsnvsvsfejw

    Reply
  4. Aliyu Aliy says:
    July 10, 2021 at 12:54 pm

    I went corlet de lorn because I am a farmars and I don’t have morny

    Reply

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