ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
Home National

CBN boosts poultry sector with N12.5 billion loan

16th December 2020
in National
0
CBN boosts poultry sector with N12.5 billion loan

CBN boosts poultry sector with N12.5 billion loan

0
SHARES
113
VIEWS
Share on FacebookShare on Twitter

From Uche Usim, Abuja

In line with its food security blueprint, the Central Bank of Nigeria (CBN) has released N12.552 billion to large, medium and small-scale poultry farmers in the country.

The Director, Development Finance Department at the Bank, Mr Phillip Yila Yusuf, who confirmed the development, explained that the disbursement of funds to farmers was an ongoing process as more farmers are being shortlisted for the loan.

The move, he added, seeks to boost egg and meat production as well as creating more jobs in the country.

According to him, between the last quarter of 2019 and November 2020, farmers in the poultry value chain in the country received a total sum of N12,552,000,000 from various commercial banks and the NIRSAL Microfinance Bank.

According to the CBN Director, large-scale companies that benefited from the CBN intervention programmes include Fortune Heights and Animal Care, both in Ogun State; Dasco Engineering in Lagos, Olam Hatcheries in Kaduna, Eastern Plains in Anambra State and Emmpek Farms in Delta State. Other beneficiaries listed under the Agri-Business/Small and Medium Enterprises Investment Scheme (AGSMEIS) window include Elabi Farms in Bayelsa and Aladeyelu Farms in Ondo.

He added that 639 poultry farmers that applied through the regular AGSMEIS window had also received funds as Autonomous Poultry farmers, through NIRSAL MFB, to the tune of N1.996 billion. Similarly, the sum of N1.591 billion has been disbursed to 898 poultry farmers across the country to ameliorate the impact of COVID-19 on their operations.

According to him, the additional fund will be disbursed to poultry farmers before the end of 2020 to guarantee, among other objectives, improved affordability and accessibility of eggs, broiler meat and day-old-chicks; an assured market for egg-producers through off-take; employment creation for existing and new poultry farmers and improved protein intake for Nigerians.

The CBN in 2019 hosted 12 universities from six geo-political zones of the country to partner with them in a pilot scheme known as university-based Poultry Revival Programme aimed at further addressing the demand gap and unlocking the potential of Nigerian poultry producers, through the involvement of universities.

Meanwhile, some large-scale poultry farmers that have benefited from the intervention schemes of the CBN again lauded the Bank’s intervention in the sector, noting that, post-COVID-19, the poultry sector in Nigeria would witness a great boost. The duo of Alhaji Mashey Rasheed and Dr Ayoola Oduntan, the Chief Executive Officers of Premium Farms and Amo Byng Nigeria Limited, respectively, urged other players to embrace the interventions by the CBN in order to enhance job creation opportunities in Nigeria.

Click Here>>>>>>7 Natural Herbs to Finally End Premature Ejaculation and Weak Erection<<<<<<

Click Here>>>>>>Anti-kidnap and anti-theft device for tracking and listening<<<<<<

Tags: agribusinessagriculturecbnphillip yila yusufpoultrypoultry farmers
David

David

Sun News Online team

Related Posts

Anyaoku, national asset –Ngige
National

Anyaoku, national asset –Ngige

19th January 2021
Your position on ‘Operation Amotekun’ has exposed you,  OPC replies Northern youths
National

Northern forum blasts youth leader

19th January 2021
Alleged N715m fraud: Jonathan’s former aide testifies against ex- minister, Turaki
National

Jonathan’s mission to The Gambia unites parties on new constitution

19th January 2021
Next Post
Gunmen kill lawyer, wife, one other in Benue

Gunmen kill lawyer, wife, one other in Benue

NDDC: Niger Delta stakeholders defend Akpabio, new sole administrator

NDDC: Niger Delta stakeholders defend Akpabio, new sole administrator

Economic austerity: Don't give up on yourself, Nigeria, Osinbajo urges youths

Economic austerity: Don't give up on yourself, Nigeria, Osinbajo urges youths

Leave a Reply Cancel reply

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

Highlights

2020: How strikes, COVID-19, govt wrecked education

CoVID-19: TFN kicks off radio school programme in Ogun

Expose children to early academic competition, Corona Trust member tells parents

Enugu Ngwo: Sitting on a powder keg

We’ll be asking for restitution –Prof. Agu

How oil sector projects can benefit Nigerians, by stakeholders

Trending

#EndSARS: Eze Ndi Igbo Etiosa, Eze Onuchukwu appeal to youths
Sporting Sun

Ahmed Musa cries: Yahoo Boys after me!!

19th January 2021
0

By Bolaji Okunola Super Eagles’ captain, Ahmed Musa has again cried out that unknown internet fraudster fondly...

Ighalo confirms retirement from Eagles

Ighalo wants Eagles return

19th January 2021
Pushing back Youth unemployment post-COVID-19

Pushing back Youth unemployment post-COVID-19

19th January 2021
2020: How strikes, COVID-19, govt wrecked education

2020: How strikes, COVID-19, govt wrecked education

19th January 2021
Farm worker  murdered by own boss in Ogun 

CoVID-19: TFN kicks off radio school programme in Ogun

19th January 2021
ADVERTISEMENT

Follow us on social media:

Categories

  • Abuja Metro
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.

Welcome Back!

Login to your account below

Forgotten Password?

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

Add New Playlist