• About
  • Privacy & Policy
  • Terms
  • Contact
Breaking News Nigeria, Latest Nigerian News
Advertisement
ADVERTISEMENT
  • Home
  • News
    • All
    • Business
    • Politics
    • Science
    • World
    Nigerian hospitals

    AMAZING! Nigerian hospital makes history, performs first obesity surgery

    COVID-19

    COVID-19: Nigeria records 708 new infections in 20 states, FCT

    Investors

    Bears persist as investors lose N82.35 billion

    Unity Bank

    Unity Bank reiterates commitment to supporting Nigerian rice farmers to meet self-sufficiency

    FG

    FG extends remote work for grade level 12 civil servants

    COVID-19

    COVID-19: NCDC announces 464 new cases

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Apps
    • Mobile
    • Startup
    ebi atawodi

    Nigeria’s Ebi Atawodi joins Netflix as Director of Payments

    Mastercard

    Mastercard to allow customers to use cryptocurrency on its network, as America’s oldest bank set to accept cryptocurrency

    taxmingo

    Taxmingo launches to make tax filing easy for Nigerian small businesses

    paystack

    Stripe buys Paystack for over $200M in Nigeria’s biggest startup acquisition deal

    jack dorsey

    Twitter boss, Jack Dorsey throws weight behind Nigeria’s #EndSARS protest

    nigeria's active mobile subscribers

    Nigeria’s active mobile subscribers hit 199.3 million

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    Sadiq Daba

    5 things you should know about veteran actor Sadiq Daba who passed on Thursday

    Sadiq Daba

    Tributes pour in as Nollywood loses veteran actor Sadiq Daba

    Adesua

    See 5 Nigerian celebrities that just welcomed a baby

    Adesua

    AMAZING! Star couple Banky W & Adesua Etomi welcome first child 4 years after wedding

    #14thHeadies

    See the full list of winners at the #14thHeadies award

    #14thHeadies

    #14thHeadies: See what your favourite celebrity wore to the headies award

  • Lifestyle
    • All
    • Food
    • Health
    who cheats more

    #VALENTINE SPECIAL: Men or women? Who cheats more? Result of this new study will shock you

    valentine's day

    5 ways to make Valentine’s Day memorable while observing social distancing

    Sunday Igboho

    10 facts about Sunday Igboho that will shock you. No 5 will blow your mind

    Acting IGP Zanna Muhammed

    Zanna Muhammed: 5 things you should know about the Acting IGP

    food visionaries

    Top 10 visionaries earn the Rockefeller Foundation recognition for transforming future of food systems across 8 countries

    dangote's girlfriend

    BREAKING: Another lady claims to be Dangote’s real girlfriend, hours after American lady alleges Africa’s richest man shattered her heart by 1000 pieces [PHOTOS]

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • SMARTKOBO
    pay schedule

    #SmartKobo: Weekly, monthly & more: How your pay schedule affects you

    cash-out refinance

    #SmartKobo: How to know if it’s time for cash-out-refinance

    jobs

    #SmartKobo: 4 unlikely jobs that can fetch you millions

    bank fees

    #SmartKobo: 5 bank fees we all hate and how to avoid them

    auto insurance

    #SmartKobo: 4 things you need to know before taking comprehensive auto insurance

    budgeting

    #SmartKobo: A complete beginner guide to budgeting

  • #EndBadGovernance Photo Challenge
No Result
View All Result
Breaking News Nigeria, Latest Nigerian News
  • Home
  • News
    • All
    • Business
    • Politics
    • Science
    • World
    Nigerian hospitals

    AMAZING! Nigerian hospital makes history, performs first obesity surgery

    COVID-19

    COVID-19: Nigeria records 708 new infections in 20 states, FCT

    Investors

    Bears persist as investors lose N82.35 billion

    Unity Bank

    Unity Bank reiterates commitment to supporting Nigerian rice farmers to meet self-sufficiency

    FG

    FG extends remote work for grade level 12 civil servants

    COVID-19

    COVID-19: NCDC announces 464 new cases

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Apps
    • Mobile
    • Startup
    ebi atawodi

    Nigeria’s Ebi Atawodi joins Netflix as Director of Payments

    Mastercard

    Mastercard to allow customers to use cryptocurrency on its network, as America’s oldest bank set to accept cryptocurrency

    taxmingo

    Taxmingo launches to make tax filing easy for Nigerian small businesses

    paystack

    Stripe buys Paystack for over $200M in Nigeria’s biggest startup acquisition deal

    jack dorsey

    Twitter boss, Jack Dorsey throws weight behind Nigeria’s #EndSARS protest

    nigeria's active mobile subscribers

    Nigeria’s active mobile subscribers hit 199.3 million

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    Sadiq Daba

    5 things you should know about veteran actor Sadiq Daba who passed on Thursday

    Sadiq Daba

    Tributes pour in as Nollywood loses veteran actor Sadiq Daba

    Adesua

    See 5 Nigerian celebrities that just welcomed a baby

    Adesua

    AMAZING! Star couple Banky W & Adesua Etomi welcome first child 4 years after wedding

    #14thHeadies

    See the full list of winners at the #14thHeadies award

    #14thHeadies

    #14thHeadies: See what your favourite celebrity wore to the headies award

  • Lifestyle
    • All
    • Food
    • Health
    who cheats more

    #VALENTINE SPECIAL: Men or women? Who cheats more? Result of this new study will shock you

    valentine's day

    5 ways to make Valentine’s Day memorable while observing social distancing

    Sunday Igboho

    10 facts about Sunday Igboho that will shock you. No 5 will blow your mind

    Acting IGP Zanna Muhammed

    Zanna Muhammed: 5 things you should know about the Acting IGP

    food visionaries

    Top 10 visionaries earn the Rockefeller Foundation recognition for transforming future of food systems across 8 countries

    dangote's girlfriend

    BREAKING: Another lady claims to be Dangote’s real girlfriend, hours after American lady alleges Africa’s richest man shattered her heart by 1000 pieces [PHOTOS]

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • SMARTKOBO
    pay schedule

    #SmartKobo: Weekly, monthly & more: How your pay schedule affects you

    cash-out refinance

    #SmartKobo: How to know if it’s time for cash-out-refinance

    jobs

    #SmartKobo: 4 unlikely jobs that can fetch you millions

    bank fees

    #SmartKobo: 5 bank fees we all hate and how to avoid them

    auto insurance

    #SmartKobo: 4 things you need to know before taking comprehensive auto insurance

    budgeting

    #SmartKobo: A complete beginner guide to budgeting

  • #EndBadGovernance Photo Challenge
No Result
View All Result
No Result
View All Result
Breaking News Nigeria, Latest Nigerian News
Home News Business

Nigeria announces zero-interest financing for 2 million farmers

Enyi Ominyi by Enyi Ominyi
June 17, 2020
in Business
0
A A
0
zero-interest financing

A farm (Photo by Jan Kopřiva on Unsplash)

Share on FacebookShare on Twitter

Zero-interest financing comes under Nigeria

To mitigate the impact of COVID-19 on Nigeria’s agriculture sector and boost food production, Nigeria will provide zero-ingterest financing to at least 2 million smallholder farmers across the country.

This was announced on Tuesday as part of the Nigerian Government’s Agric for Food and Jobs Plan, AfJP.

Nigeria’s Minister of Agriculture and Rural Development, Sabo Nanono, told journalists at a press briefing in Abuja that the AfJP scheme would be a joint venture including the Federal Ministry of Agriculture and Rural Development, the Central Bank of Nigeria, private sector operators and farmers.

Also, read #NaijaKitchen: How to prepare spicy vegetable chicken

“This programme will be achieved through investment in the sector by way of providing zero-interest input financing options such as fertilisers and seeds to farmers across the 36 states and the Federal Capital Territory to produce harvests that could be sold domestically and internationally,” he stated.

Nanono said the zero-interest financing programme, which the ministry had perfected plans to inaugurate, would run for a duration of 12 months with an aggregate of two million hectares of land.

He explained that the zero-interest financing scheme would link farmers to markets for off-take through out-grower schemes and improve crop yields per hectare.

He said: “This will, in turn, ensure food security in the post-COVID-19 era and position smallholder farmers to be drivers of economic growth by evolving from subsistence farming to commercial production.

Read more: Nigeria’s poised to implement new electricity tariff by July despite COVID-19

“The AFJP targets two million smallholder farmers across the 36 states of Nigeria and the FCT and aims to produce 10 million tonnes of food which include carbohydrates, animal protein and edible oils within the next 12 months.”

According to Nanono, priority crops and livestock targeted by the AFJP for local markets include rice, maize, sorghum, groundnuts, cowpea, cassava, and millet.

Others include horticulture, palm kernel and cotton, while sesame seeds, hibiscus, cocoa, hides and skin, horns and hoofs are targeted for export.

Tags: Agriculturefarmersfoodzero-interest financing

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

Nigeria’s poised to implement new electricity tariff by July despite COVID-19

Next Post

Nigeria’s dollar reserves down by $129.83 million in 7 days

Next Post
nigeria's forex scarcity

Nigeria's dollar reserves down by $129.83 million in 7 days

Leave a Reply Cancel reply

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

Stay Connected

  • 1.4k Followers
  • 5 Followers
  • Trending
  • Comments
  • Latest
#endbadgovernance

Nigeria Today announces #EndBadGovernance Photo Challenge

March 1, 2021
Sadiq Daba

Tributes pour in as Nollywood loses veteran actor Sadiq Daba

March 4, 2021
Oba Akiolu

#EndSARS: Nigerians lash Oba Akiolu for keeping $2million, N17million in the palace

March 4, 2021
Buhari

Insecurity: What Buhari told Nigeria Immigration Service to do

March 4, 2021
Sadiq Daba

5 things you should know about veteran actor Sadiq Daba who passed on Thursday

March 4, 2021
COVID-19

COVID-19: Nigeria records 708 new infections in 20 states, FCT

March 5, 2021
BREAKING! Dr. Cyprian Ngong becomes first Nigerian to receive the COVID-19 AstraZeneca vaccine

BREAKING! Dr. Cyprian Ngong becomes first Nigerian to receive the COVID-19 AstraZeneca vaccine

March 5, 2021
Nigerian hospitals

AMAZING! Nigerian hospital makes history, performs first obesity surgery

March 5, 2021
COVID-19

COVID-19: Nigeria records 708 new infections in 20 states, FCT

March 5, 2021
Investors

Bears persist as investors lose N82.35 billion

March 5, 2021
Buhari

Insecurity: What Buhari told Nigeria Immigration Service to do

March 4, 2021
Unity Bank

Unity Bank reiterates commitment to supporting Nigerian rice farmers to meet self-sufficiency

March 4, 2021

Recent News

BREAKING! Dr. Cyprian Ngong becomes first Nigerian to receive the COVID-19 AstraZeneca vaccine

BREAKING! Dr. Cyprian Ngong becomes first Nigerian to receive the COVID-19 AstraZeneca vaccine

March 5, 2021
Nigerian hospitals

AMAZING! Nigerian hospital makes history, performs first obesity surgery

March 5, 2021
COVID-19

COVID-19: Nigeria records 708 new infections in 20 states, FCT

March 5, 2021
Investors

Bears persist as investors lose N82.35 billion

March 5, 2021

COVID-19 Vaccine Poll

Will you take the AstraZeneca COVID-19 vaccine?
Vote
Breaking News Nigeria, Latest Nigerian News

Follow Us

Subscribe to our newsletter

Please wait...
Want to be notified when our article is published? Enter your email address below to be the first to know.

Browse by Category

  • Apps
  • Athletics
  • Basketball
  • Breaking News
  • Business
  • Business Editor's Pick
  • Business Featured Section
  • EndBadGovernance Photo Challenge
  • Entertainment
  • Featured
  • Food
  • Football
  • Gaming
  • General
  • Health
  • Lifestyle
  • Mobile
  • Movie
  • Music
  • News
  • Politics
  • Politics Featured Section
  • Review
  • Science
  • SmartKobo
  • Sports
  • Startup
  • Tech
  • Technology
  • Technology Featured Section
  • Uncategorized
  • World

Recent News

BREAKING! Dr. Cyprian Ngong becomes first Nigerian to receive the COVID-19 AstraZeneca vaccine

BREAKING! Dr. Cyprian Ngong becomes first Nigerian to receive the COVID-19 AstraZeneca vaccine

March 5, 2021
Nigerian hospitals

AMAZING! Nigerian hospital makes history, performs first obesity surgery

March 5, 2021
COVID-19

COVID-19: Nigeria records 708 new infections in 20 states, FCT

March 5, 2021
  • About
  • Privacy & Policy
  • Terms
  • Contact

© Copyright Nigeria Today 2020

No Result
View All Result
  • Home
  • News
  • Tech
  • Entertainment
  • Lifestyle
  • SMARTKOBO
  • #EndBadGovernance Photo Challenge

© Copyright Nigeria Today 2020

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

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

Log In
Please wait...

Subscribe to our Nigeria Today News

Want to be notified when our article is published? Enter your email address below to be the first to know.
SUBSCRIBE