By Gistflash News
July 28, 2021
The Central Bank of Nigeria (CBN), says it has released the sum of N756.51 billion to 3,734,938 small holder farmers, cultivating 4.6 million hectares of land, to boost the Federal Government’s food security initiative.
Mr Godwin Emefiele, the CBN Governor, made this known while presenting a communiqué from the bank’s recently held, 280th meeting of its Monetary Policy Committee (MPC).
Emefiele said that N120.24 billion of the sum was extended for the 2021 wet season to 627,051 farmers for 847,484 hectares of land, under the Anchor Borrowers’ Programme (ABP).
“The sum of N121.57 billion was disbursed to 32,617 beneficiaries.
“For the Targeted Credit Facility (TCF), N318.17 billion was released to 679,422 beneficiaries, comprising 572,189 households and 107,233 Small and Medium Scale Enterprises (SMEs),’’ he said.
Emefiele revealed that the apex bank also expended huge sums in its youth investment scheme, to empower Nigerian youths, and to reduce unemployment by providing to the creative sector and Information Technology.
“Under the National Youth Investment Fund (NYIF), the Bank released N3.0 billion to 7,057 beneficiaries, of which 4,411 were individuals and 2,646 SMEs.
“Under the Creative Industry Financing Initiative (CIFI), N3.22 billion was disbursed to 356 5 beneficiaries across movie production, movie distribution, software development, fashion, and IT verticals,’’ he said.
The CBN Governor also revealed that the apex bank had invested close to N1trillion to boost the real sector of the economy, covering 251 real sector projects.
He said that the bank’s intervention also spanned health sector support initiatives and electricity distribution.
“Under the N1.0 trillion Real Sector Facility, the Bank released N923.41 billion to 251 real sector projects, of which 87 were in light manufacturing, 40 in agro-based industry, 32 in services and 11 in mining.
“On the N100 billion, Healthcare Sector Intervention Facility (HSIF), N98.41 billion was disbursed for 103 health care projects, of which, 26 are pharmaceuticals and 77 are in the hospital services.
“Similarly, the sum of N232.54 million was disbursed to five beneficiaries under the CBN Healthcare Sector Research and Development Intervention (Grant) Scheme (HSRDIS) for the development of testing kits and devices for COVID-19 and Lassa Fever.
“On the National Mass Metering Programme (NMMP), N36.04 billion was disbursed to 17 Meter Asset Providers to nine Distribution Companies (DisCos), for the procurement and installation of 657,562 electricity meters,’’ Emefiele said.
Gov. Atiku Bagudu of Kebbi State
By Gistflash News
Sept 13, 2021
NASRDA harps on space technology for precision agriculture
By Gistflash News
Sept 13, 2021
The National Space Research and Development Agency (NASRDA) says it is engaging space science technology to boost agricultural products for food security in the country.
Dr Rakiya Babamaaji, the Head, Natural Resources Management Division of NASRDA, disclosed this on Monday in Abuja during an interview with the News Agency of Nigeria (NAN).
Babamaaji explained that space science technology could be deployed into agriculture through the application of Geospatial technology that involved Remote Sensing and Geographic Information System application.
She said that geospatial technology could be used to map and monitor the location of natural resources, take inventory of vegetation and for smart agriculture and water resources management among others.
She further said the Agency had in May, commenced a Space-Based Smart Agriculture for Food Security in Nigeria.
Babamaaji said that the programme was in line with government’s mandate to ensure food security and enable the country achieve Sustainable Development Goal Two, aimed at ending hunger and increasing availability of food.
“We are trying to use space technology in agriculture and we have a programme called Space Base Smart Agriculture for Food Security in Nigeria which will address food availability.
“Under the programme, there is the Crop Watch project, a platform used to monitor agricultural activities across the country using geospatial technology.
“Under this project, we are going to gather all the spatial data available with restrictions to agriculture, so that farmers can know what is happening in their farms, from the cropping to monitoring the farmland.
“The project will provide the farmers with the climate data, letting them know when to plant, when to apply fertilizer, different soil type in terms of fertility,’’ she said.
“We want to achieve this by engaging farmers on their phones, use of jingles in the radio which could possibly be transmitted in the three major languages and English to reach rural farmers.”
The official said they were working with relevant stakeholders in the country, including the China Academy of Science and China Remote Sensing Centre as technical partners towards achieving the Crop Watch project.
Babamaaji also said the programme would be addressing the Value Supply Chain, whereby challenges faced by farmers from the beginning of the farming season to harvest time would be reviewed.
“We are trying to look at the challenges that prevent them from achieving maximum production in their farming activities and we have chosen a farm in Kuje and in Nasarawa to start this assessment.’’
Babamaaji, however, decried the dearth of data, funding to support the project and lack of awareness among farmers on the importance of space technology to farming.
She recalled that the management of the agency has been advocating for new and advanced satellites that would aid provision of data and help to plan better towards enhanced precision agriculture.
“Most of the farmers don’t know the importance of using satellite or geospatial technology in agriculture, so there is need for us to create more awareness on that.’’
She said that the agency was taking seriously the deployment of space science technology in other sectors to advance good governance and the socio-economic development of the nation.
VON D-G urges South-East to embrace FG’s Farm Estate Project
By Gistflash News
Sept 12, 2021
The Director-General, Voice of Nigeria (VON), Mr Osita Okechukwu, has urged the people of South-East, especially Enugu State communities, to embrace the Federal Government’s ongoing nationwide Integrated Farm Estate Project.
The News Agency of Nigeria (NAN) recalls that the Federal Government recently announced that it would establish Integrated Farm Estates across the 109 senatorial districts of the country.
However, the government’s plan had been faced with mixed feelings, as some people wrongly feel it is an indirect way of reintroducing the controversial Rural Grazing Area (RUGA) project.
Okechukwu, on Sunday, urged the people of the zone and communities in Enugu State in particular to participate fully in the project as it would be community-based and managed by the communities themselves.
He said that the Federal Government’s programme, meant for the 109 Senatorial districts in the country, was a presidential mandate to close bandits’ market, provide employment and food security.
He explained that the appeal had become necessary “because our people are embarrassingly missing billions of naira budgets from the Anchor Borrowers Programme, one of the key projects in the Buhari’s Agrarian Revolution Value Chain”.
The VON boss said: “One with a progressive mind should subscribe to this people-oriented and laudable back-to-land project.
“It is clearly community-based aimed at generating mass employment, as the creation of employment is the best way to close banditry, kidnappings and terrorism in our land. For an idle mind is the devil’s workshop”.
Okechukwu said that it was regrettable that some people’s past-time has become stock-pilling hatred against the central government as if President Muhammadu Buhari was going to preside over Nigeria for life.
“We should not gloss over the truism that the central government remains the only common shelter, which shelters us all.
“In no distant future, Nigeria will take her destined status as the giant of Africa. Therefore, it is not pragmatic to cut our nose to spite Buhari’s face,” he said.
According to him, South-Easterner should not reject humanitarian projects which ignite employment, close bandits’ market, reduce poverty and provide food security all because of sentiments.
Okechukwu further said that he was happy that the Executive Secretary of the National Land Development Authority (NALDA), Prince Paul Ikonne, a South-Easterner had clarified the concept of the programme.
According to him, the true position is that the national integrated farm estate is designed to accommodate the youth from that community in order to engage them in the entire agricultural value chain.
“And it depends on what the community is interested in going into, some states are getting into poultry like in the north, in the south like Abia they’re doing fishery and rabbit rearing.
“In Oyo, the people are into rabbit rearing and crop farming and in Ekiti they are opting for crop farming.
“It is not another or anything that has to do with Rural Grazing Area (RUGA); what we have is poultry, fishery, piggery and any farming model of the choice of the community,“ he said.
LET’S REVAMP YOUR BUSINESS
Let’s keep you updated
HOW TO BUY FOLLOWERS FOR ALL YOUR SOCIAL MEDIA ACCOUNTS
Gorgeous Bride rocking one of Beyonce’s Hit song
Most Viewed Posts
- CBN Sells Polaris Bank To SCILSpread the loveThe Central Bank of Nigeria (CBN) has announced the completion of the sale of shares in Polaris Bank to Strategic Capital Investment Limited (SCIL), a new core investor. In a statement signed by its Director, Corporate Communications … Read more
- “No Way Back For You In Man United Squad, Spoilt Brat” – Darren Bent Slams RonaldoSpread the loveDarren Bent, a former Charlton, Tottenham and Sunderland striker, has suggested that the end of Cristiano Ronaldo has come at Manchester United. The former England man said he sees no way the former Real Madrid star can … Read more
- Gunmen Attack Anambra Police Station, Kill Four OfficersSpread the love Unknown gunmen in the early hours of Wednesday attacked a police station located in Atani, the headquarters of Ogbaru Local Government Area of Anambra State. It was gathered that the gunmen launched the attack on the … Read more
- Supreme Court Affirms Six-Year Jail Term For Former Director Of Pensions, John YakubuSupreme Court Affirms Six-Year Jail Term For Former Director Of Pensions, John Yakub The Supreme Court has affirmed the six years imprisonment imposed on a former Federal Director of Pensions, Mister John Yakubu, and also ordered him to refund … Read more
- Media Intelligence agency Marks Six years of Operation in NigeriaSpread the loveMedia Intelligence agency Marks Six years of Operation in Nigeria. P+ Measurement Services, Nigeria’s foremost Independent Public Relations measurement and evaluation agency, celebrates its sixth year of effective operation with qualitative offerings for its numerous clients, as it … Read more