CBN Ban The Importation Of Maize/Corn Into Nigeria

godwin emefiele

The Central Bank of Nigeria (CBN) today announced the ban on the processing of form M for the Importation of Maize (Corn). The ban was contained in a CBN circular addressed to all authorized dealers in the foreign exchange market and the general public. The circular was signed by CBN’s Trade and Exchange Department Director, Dr. S.O. Nnaji. The circular reads: As part of efforts by the Central Bank of Nigeria to increase local production, stimulate a rapid economic recovery, safeguard rural livelihoods and increase jobs, which were lost as a result of…

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Making Buhari’s 77,400 farmers project work – Vanguard

President Muhammadu Buhari

President Muhammadu Buhari appears deadly serious about his intention to stop the allocation of precious foreign exchange to food importation by promoting local production. But there are contradictions that must be sorted out. Buhari’s newest initiative which could help stave off the hunger crisis as a result of the coronavirus pandemic (which necessitated massive lockdowns) and the crash in the price of crude oil is the resuscitation of the National Agricultural Land Development Authority, NALDA. The authority was created by the former military president, General Ibrahim Babangida in 1992, had…

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Lassa fever: Lagos Begins Mass Deratisation Of Public Places

The Lagos State Government says it would on March 13, 2020, begin an eight-week massive deratization and fumigation of no fewer than 27 model colleges with hostel facilities, abattoirs and slaughterhouses, agricultural produce markets as well as regular markets in the State. The State Commissioner for Agriculture, Prince Gbolahan Lawal, disclosed this on Wednesday day in Lagos. Lawal noted that the deratization and fumigation exercise is aimed at preventing the outbreak and spread of the Lassa Fever in Lagos State. He listed the Model Colleges to be deratized to include…

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CBN Plans Single-Digit Loans For Rice Farmers

The Central Bank of Nigeria (CBN) said it would offer single-digit loans to rice farmers in the Niger Delta area and provide index insurance for participating farmers. This was contained in a statement signed by the Head, Press and Public Relations at the Ministry of Niger Delta Affairs, Patricia Deworitshe. It was issued after a second collaborative meeting between the Minister of Niger Delta Affairs, Godswil Akpabio, and representatives of the CBN in Abuja. The meeting focused on how to develop the Niger Delta area, using farming as a tool…

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