• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
Friday, December 5, 2025
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
No Result
View All Result
Elanza News
Home News

FG secures loan facility of $134m from AfDB

Nathaniel Irobi by Nathaniel Irobi
November 14, 2024
in News
0
FG secures loan facility of $134m from AfDB
0
SHARES
4
VIEWS
FacebookTwitterWhatsappEmailTelegram

The Federal Government has secured a loan facility of 134million dollars from the African Development Bank (AfDB) to help farmers boost seeds and grain production in the country.

This is contained in a statement issued by Mrs Anthonia Eremah, Chief Information Officer, Ministry of Agriculture and Food Security on Thursday in Abuja.

RelatedPosts

Three Suspected Bandits’ Financiers Nabbed in Sokoto, Stolen Items Recovered

“Direct Government Involvement In Business Will Drive Economic Growth”- Dr. Takang

MOFI Awards: Finance Minister Inaugurates Panel, Charges On Transparency, Meritocracy

The Minister of Agriculture and Food Security, Sen. Abubakar Kyari, made his know at the unveiling of the 2024/2025 National Dry Season Farming in Calabar.

Kyari explained that with the re-introduction of the national dry season farming to boost year-round agricultural production, the loan would be handy and guarantee national food security in the country.

The minister said the initiative is under the National Agricultural Growth Support Scheme-Agro Pocket (NAGS-AP) Project.

He said that the federal government had  declared an emergency on food production to enable all Nigerians to get easy access to quality and nutritional food at affordable rates.

Kyari also said that government wants to use the agricultural sector for national economic revival through increase in production of some staple food crops such as wheat, rice, maize, sorghum, soybean, and cassava during both dry and wet season farming.

He added that 107,429 wheat farmers have been supported under phase 1 of the 2023/2024 dry season, and  43,997 rice farmers under the second phase of the 2023/2024 dry season.

ALSO READ:  Marcus Rashford Admits Speeding On Motorway

The minister said recently, government supported 192,095 rice, maize, sorghum/millet, soyabean and cassava farmers under the 2024 wet season across the 37 States including the FCT.

He said that Cross River was leading 16 other states in wheat production, adding that over 3000 wheat farmers have been listed to benefit from the support to grow the grain.

Kyari noted the Cross River government’s commitment to wheat production.

He said it informed why the federal government is partnering with the state to kick start the maiden wheat production and enlisting them among states commencing the current 2024/2025 dry season farming.

“The 2024/2025 dry season farming, the project is targeted to support 250,000 wheat farmers across the wheat-producing states with subsidised agricultural inputs.

” This is to cultivate about 250,000 hectares with an expected output of about 750,000 metric tonnes of wheat to be added to the food reserve to reduce dependence on importation of the product and also increase domestic consumption.

“Equally the programme will provide support to 150,000 rice farmers under the second phase to cover all the 37 states, including FCT, with an expected output of about 450,000 metric tonnes,” he said. (NAN)

Previous Post

Lt.-Gen. Lagbaja’s remains taken to Abuja for state burial

Next Post

Okpebholo freezes Edo accounts, orders reversal of ministry’s name

Nathaniel Irobi

Nathaniel Irobi

Related Posts

Three Suspected Bandits’ Financiers Nabbed in Sokoto, Stolen Items Recovered

Three Suspected Bandits’ Financiers Nabbed in Sokoto, Stolen Items Recovered

by Nathaniel Irobi
December 5, 2025
0

The police command in Sokoto State has arrested three suspected financiers of banditry and several other individuals linked to motorcycle...

“Direct Government Involvement In Business Will Drive Economic Growth”- Dr. Takang

“Direct Government Involvement In Business Will Drive Economic Growth”- Dr. Takang

by Elanza
December 5, 2025
0

By Mibzar Nixon Jallo, Abuja The Managing Director and Chief Executive Office of the Ministry of Finance Incorporated (MOFI), Dr....

Private sector alone can’t do business in Nigeria, state owned enterprises critical – MOFI

MOFI Awards: Finance Minister Inaugurates Panel, Charges On Transparency, Meritocracy

by Elanza
December 5, 2025
0

By Mibzar Nixon Jallo The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has inaugurated the panel...

Next Post
Okpebholo appoints Musa Ikhilor SSG, names Attorney-General, others in Edo

Okpebholo freezes Edo accounts, orders reversal of ministry’s name

NASC Chairman, Kadi Amshi Bags Leadership Award

NASC Chairman, Kadi Amshi Bags Leadership Award

Recommended

Nigeria Can Be Effectively Governed with Honest Leadership, Says Obasanjo

Terrorism Took Root During Your Tenure’, Presidency Replies Obasanjo

5 days ago
Report: Nigeria’s Per-Woman GBV Spend Stood at N365 in 2024

Report: Nigeria’s Per-Woman GBV Spend Stood at N365 in 2024

3 days ago

Popular News

  • Gen. Gora Unveils Campaign Office In Jaba LGA  A Head Of 2027 Elections

    Gen. Gora Unveils Campaign Office In Jaba LGA A Head Of 2027 Elections

    0 shares
    Share 0 Tweet 0
  • Police, Council Accused of Backing Illegal Land Deals

    0 shares
    Share 0 Tweet 0
  • DRTS Jabi Officers Hail Yeldu’s Appointment

    0 shares
    Share 0 Tweet 0
  • TSM Publisher Condoles Mayor Igbokwe Over Mother’s Death

    0 shares
    Share 0 Tweet 0
  • The Holy Robe That Covered Evil

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (801)
  • Education (242)
  • Entertainment (326)
  • Health (217)
  • National (2,785)
  • News (9,216)
  • Opinion (360)
  • Politics (1,817)
  • Science (15)
  • Security (411)
  • Sports (525)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform