Buhari at Anchor borrowers flag off
Top Story

Farmers sticking with Buhari, donate N1.77bn to campaign

96

The Rice Farmers Association of Nigeria (RIFAN), and Fertilizers Producers and Suppliers Association of Nigeria (FEPSAN) Wednesday night donated the sum of N1.77 billion to fund the re-election campaign of President Muhammadu Buhari in the forth coming elections in 2019.

They made the announcement during a Gala Night organised by beneficiaries of the government’s Anchor Borrowers Programme held at the State House Conference Center, Abuja. 

President of RIFAN, Aminu Goronyo, said with membership of about 12.2 million and with each member donating N100 to the campaign, it will translate to N1.2 billion. 

President of FEPSAN, Thomas Etuh, on his part announced that FEPSAN is contributing N570 million to the re-election bid of the president.  

They both testified to how the Programme has changed the fortunes of the agriculture sector, which they described as unprecedented empowerment Programme. 

Goronyo said apart from the increasing progress in the sector, the President’s policies have also resulted in savings of billions of naira for the country.  

According to him, “all these achievements are from your commitments and favorable policies to agriculture.”

Etuh, on his part said N120 billion was saved in two years from fertilizer subsidy. 

President Buhari, noted that statistics from the National Bureau of Statistics (NBS) have confirmed that his administration’s policies are yielding results.

He said he inherited “a broken system in the agricultural sector in 2015”.

“Seeing your faces and hearing your stories give me hope. Today, we are on track to achieving an all inclusive economy”.

Meanwhile, President Buhari has directed the Federal Ministry of Agriculture and Rural Development to commence the restocking of all its Strategic Grains Reserves nationwide

He said the directive had become imperative following the completion of a comprehensive survey on damages done to farmers and fishing communities in the riverine areas as a result of flood disaster.

He said the report indicated that over 160,000 farmers and additional 70,000 fishermen were affected by the disaster.

“For about three months the National Food Security Council working with the National Emergency Management Agency conducted comprehensive survey of the farmers, fishermen and livestock owners affected by the flood disaster,” he said.

He thanked the organisers of the event, and assured that the federal government would continue to implement policies and programmes meant to uplift the standard of living of the Nigerian farmers as well as boost food sufficiency in the country.

The Governor of the Central Bank of Nigeria, (CBN), Godwin Emefuele said the Anchor Borrowers programme launched on the November, 17, 2015 has resulted in the saving of $800 million. 

He said import bills before the introduction of the programme was as high as N1.4 trillion annually, adding that the programme has been created 2.5 million jobs from rice farming alone. 

The CBN governor who described the programme as the most successful anchor programme in Africa, added that “It has raised the standard of our farmers.

“The program is changing the narrative of agricultural investments in Nigeria.

“It has brought the era of food security and sustenance leading to a cut in forex being used for importation of rice and other food items into the country,” he said.

Emefiele stated the programme had received support from stakeholders across the country including state governors.

The CBN governor revealed that the bank was also in partnership with other commodity associations who were working to reduce importation bills and to create jobs.  

Leave a comment

Related Articles

Breaking: Dana airline crash lands in Lagos 

A Dana airline has crash-landed at the Murtala Muhammed International Airport, Ikeja....

Regional counter-terrorism centre for intelligence sharing, operational coordination, a must – Tinubu

President Bola Tinubu made a case on Monday for the establishment of...

Fleeing Binance executive arrested in Kenya, faces extraction to Nigeria this week

Kenyan police authorities have reportedly apprehended Mr. Nadeem Anjarwalla, an executive associated...

Tinubu opens African Counter-Terrorism Summit in Abuja on April 22

President Bola Tinubu will open the African Counter-Terrorism Summit on Monday, April...

Breaking: Nigerian chess master Tunde Onakoya breaks world record for longest chess marathon

The Nigerian chess master, Tunde Onakoya, has set a new Guinness World...

Update: Nigeria Immigration Service has put former Gov. Yahaya Bello on the watchlist

More woes for the former Kogi State Governor, Mr. Yahaya Bello, as...

Tinubu directs overhaul of nation’s tiers of education system

President Bola Tinubu has approved the comprehensive overhaul of Nigeria’s educational system...

EFCC operatives allegedly barricade ex-Kogi Gov. Yahaya Bello’s Abuja residence

Operatives of the Economic and Financial Crimes Commission (EFCC) have allegedly barricaded...

Cubana Chief Priest arraigned in Lagos, gets N10m bail after pleading not guilty

Businessman and socialite, Pascal Okechukwu, popularly known as Cubana Chief Priest, was...

Pres. Tinubu launches National Single Window project, to generate annual $2.7bln revenue

“This initiative will link our ports, government agencies and key stakeholders, creating...

FG has rescued over 1,000 abductees without ransom payment — NSA Ribadu

The National Security Adviser, retired AIG Nuhu Ribadu, says the Federal Government...

Breaking: FG kicks start disbursement of N200bln palliative business loans

President Bola Tinubu administration’s promise to give the needed fillip to entrepreneurial...

Senate President to Police I-G: Rid Police Force of corrupt officers

“As we honour the good officers, let us weed out the bad...

Invasion of Oyo Govt Secretariat: Police parade 21 suspected Yoruba Nation agitators in Ibadan

The police in Ibadan paraded no fewer than 21 suspected Yoruba Nation...

Breaking: Emefiele gets N50m bail

A former Central Bank of Nigeria Governor, Godwin Emefiele, was on Friday...

EFCC to clampdown on schools, hotels, supermarkets, others dollarizing transactions

….vows to put in jail anyone found to be dollarizing the economy...

Breaking: Nigeria to get oil-backed $1bln Afreximbank loan in May

Nigeria is set to receive $1.05 billion from a syndicated loan backed...

Breaking: Court remands Binance executive in Kuje prison

A Federal High Court in Abuja has remanded Binance executive, Tigran Gambaryan,...

Ex-CBN Gov. Emefiele arrives Lagos court, faces fresh 26-count charge

Godwin Emefiele, the immediate past Central Bank of Nigeria Governor, has arrived...

Ex-CBN Gov. Emefiele faces fresh 26-count charge

The Economic and Financial Crimes Commission (EFCC) has filed a fresh 26-count...