Thousands of farmers in north contracted to grow tomatoes for a set price are shunning the crop this season after pests destroyed much of last year’s produce, leaving the processing factory set up by Aliko Dangote, Africa’s richest man, short of raw materials, Bloomberg reports. Established to process 1,200 metric tons of tomatoes each day […]
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Nigeria Central Bank on Wednesday disclosed that it had disbursed a total sum of N33.34bn to 146,557 farmers across 21 states under its Anchor Borrowers’ Programme. The apex bank said this in a statement issued in Abuja, adding that farmers who accessed the facility had started repaying the loans. It said out of the total […]
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The Federal Government has inaugurated an Interim Management Board for the Bank of Agriculture (BOA), as part of efforts to restructure the bank. The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, who inaugurated the board in Abuja on Monday, directed the board to begin the recovery of loans owed by farmers and other […]
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