• Landing Page
  • Shop
  • Contact
  • Buy JNews
  • Login
THE SOURCE
  • Home
  • News
  • Politics
  • Education
  • Entertainment
  • Opinions
  • Business
  • Sports
  • Crime
  • Foreign
  • Parliament
No Result
View All Result
  • Home
  • News
  • Politics
  • Education
  • Entertainment
  • Opinions
  • Business
  • Sports
  • Crime
  • Foreign
  • Parliament
No Result
View All Result
THE SOURCE
No Result
View All Result
Home News

CBN has spent N12.65bn on agriculture intervention since January —Emefiele

The Source by The Source
March 28, 2023
in News
0
0
SHARES
3
VIEWS
Share on Facebookshare on whatsappShare on Twitter

[ad_1]

By Nurudeen Alimi

 

GOVERNOR of the Central Bank of Nigeria (CBN), Godwin Emefiele has hinted that the apex bank has disbursed N12.65billion on the Anchor Borrowers Programme, an agricultural intervention of the Federal Government since January 2023.

The entire amount spent under the ABP since its beginning in 2015, according to Emefiele, is N1.09 trillion. “Between January and February 2023, the bank disbursed N12.65 billion to three agricultural projects under the ABP.

“It brings the cumulative disbursement under the programme to N1.09 trillion to more than 4.6 million smallholder farmers cultivating or rearing 21 agricultural commodities on an approved 6.02 million hectares of farmland,” Emefiele said.

He said that the CBN had also disbursed huge sums as interventions in various other sectors of the economy. “The CBN also released the sum of N23.70 billion under the N1.0 trillion Real Sector Facility to eight new real sector projects in agriculture, manufacturing, and services.

“Cumulative disbursements under the Real Sector Facility currently stand at N2.43 trillion disbursed to 462 projects across the country, comprising 257 manufacturing, 95 agriculture, 97 services, and 13 mining sector projects,” he said.

He stated that the apex financial institution additionally launched N3.01 billion below the Nigerian Electricity Market Stabilisation Facility (NEMSF-2) for capital and operational expenditure of power distribution companies.

Discos were given power to enhance their liquidity reputation and recover legacy debt, according to him. “This brings the cumulative disbursement under the facility to N254.39 billion,” he said.

 

YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE

[ad_2]

Previous Post

NISS empowers farmers, extension workers with skills on soil protection, management

Next Post

Imo Lawmaker Arthur Egwim Is Dead

The Source

The Source

Related Posts

I Can’t Divorce My Husband Of Cheating – Yeni Kuti
News

I Can’t Divorce My Husband Of Cheating – Yeni Kuti

by The Source
May 27, 2023
Children’s Day: Nurudeen Kareem Rejoices with Children, Asks Them To Shun Social Vices
News

Children’s Day: Nurudeen Kareem Rejoices with Children, Asks Them To Shun Social Vices

by The Source
May 27, 2023
The Children Are The Future Of Tomorrow
News

The Children Are The Future Of Tomorrow

by The Source
May 27, 2023
African Fashion Week: Ooni Champions Synergy Between Brazil And Africa
News

African Fashion Week: Ooni Champions Synergy Between Brazil And Africa

by The Source
May 27, 2023
Hilda Baci Reveals Why Many Are Not Happy With Her Attempt To Break Cooking Record
News

Hilda Baci Reveals Why Many Are Not Happy With Her Attempt To Break Cooking Record

by The Source
May 27, 2023
Next Post
Arthur Egwim

Imo Lawmaker Arthur Egwim Is Dead

Leave a Reply Cancel reply

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

Browse by Category

  • Business
  • Crime
  • Economics
  • Education
  • Entertainment
  • Foreign
  • Health
  • HumanAngle
  • News
  • Opinions
  • Parliament
  • Politics
  • Religion
  • Sports
  • Uncategorized
  • World

Browse by Tags

Abuja Adeleke Anambra APC Aregbesola Atiku Bandits BBNaija Buhari CBN Chelsea Court Davido EFCC EndSARS FG FIRS IGP INEC Kaduna Lagos Nigeria Nigerian Nigerians NUJ Obasanjo Ondo Ooni Osinbajo Osun Osun 2022 Osun govt Osun Poly Osun State Oyetola Oyo PDP Police Ronaldo SDP Senate Sunday Igboho Tinubu Tunde Odesola US

Categories

  • Business
  • Crime
  • Economics
  • Education
  • Entertainment
  • Foreign
  • Health
  • HumanAngle
  • News
  • Opinions
  • Parliament
  • Politics
  • Religion
  • Sports
  • Uncategorized
  • World

Sponsored

Browse by Tag

Abuja Adeleke Anambra APC Aregbesola Atiku Bandits BBNaija Buhari CBN Chelsea Court Davido EFCC EndSARS FG FIRS IGP INEC Kaduna Lagos Nigeria Nigerian Nigerians NUJ Obasanjo Ondo Ooni Osinbajo Osun Osun 2022 Osun govt Osun Poly Osun State Oyetola Oyo PDP Police Ronaldo SDP Senate Sunday Igboho Tinubu Tunde Odesola US

Recent Posts

  • I Can’t Divorce My Husband Of Cheating – Yeni Kuti
  • Osun PDP Inaugurates Local Chairmen
  • Children’s Day: Nurudeen Kareem Rejoices with Children, Asks Them To Shun Social Vices

© 2022 The Source Nigeria.

No Result
View All Result
  • Home
  • News
  • Politics
  • Education
  • Entertainment
  • Opinions
  • Business
  • Sports
  • Crime
  • Foreign
  • Parliament

© 2022 The Source Nigeria.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

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

Log In