[size=15pt]CBN Parleys Jonathan to Unlock Agric Financing[/size]

By Obinna Chima

24 Jun 2011




As part of efforts to drive its Nigerian Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) aimed at reviving lending to the Nigerian agricultural sector, the Central Bank of Nigeria (CBN) has concluded plans to organise a two day conference.

The meeting which has President Goodluck Jonathan, as the special guest of honour, the apex bank said is veritable platform to engage the President on the NIRSAL concept.

The notice of the meeting, obtained on the CBN’s website Thursday, also explained that it will offer an opportunity to discuss and take decisive action on key policy issues on the agric sector.

The CBN also reiterated that it will invest an estimated sum of $500 million in the programme.

The conference tagged: “NIRSAL: A Financing Mechanism for a Holistic Transformation of the Nigerian Agricultural Landscape,” commences in Abuja on July 5.

The CBN restated that NIRSAL is a dynamic, holistic approach that tackles both the agricultural value chain and the agricultural financing value chain.

It added: “NIRSAL does two things at once; fixes the agricultural value chain, so that banks can lend with confidence to the sector and, encourages banks to lend to the agricultural value chain by offering strong incentives and technical assistance. NIRSAL unlike other schemes which encouraged banks to lend, without clear strategy to the entire spectrum of the agricultural value chain, emphasises lending to the value chain and to all sizes of producers.”

According to the CBN, a breakdown of how the sum of  $500 million  will be  invested on the programme shows that   risk-sharing facility will get $300 million.

The CBN  added, “This component would address banks’ perception of high-risks in the sector by sharing losses on agricultural loans. Insurance facility to get $30 million and the facility’s primary goal is to expand insurance products for agricultural lending from the current coverage to new products.

“Technical Assistance facility will get $60 million to equip banks to lend sustainably to agriculture, producers to borrow and use loans more effectively and increase output of better quality agricultural products, Holistic Bank Rating Mechanism to get $10 million while Bank Incentives Mechanism to be allocated $100 million.”


http://www.thisdayonline.com/

I will be watching. . .

I'd not be surprise to see some people praising this man to high heavens as the most detribalised man, whenever he decides to contest in any presidential election. This was the same way buhari started his own, favoring the north at the expense of the south.

^^when Soludo had this golden opportunity what happen? Oh! He was busy dinning with theiving banks executives and stuffing money for his political ambitions.

^^ soludo protected our banks from economic melt down that rocked most banks that even survived second world war. He created micro finance banks as a grassroot banking sector.

^^ soludo had his ideology and he did his best. That said, But he intentionally OVERLOOKED the banks CEO's and allow ponzi scheme to flourish without any checks.

Thanks to SLS for cleaning the mess, which would have plunge the banking sector in to deep financial crisis.
Imagine soludo telling us all is well until SLS came on board, and saw a near crash system having a free fall from sky with unimaginable 'BAD' debts owed by few CEO's and their cronies at the detriment of share holders and ordinary depositors.
No amount of sponsored propaganda can take away the good jobs and clean records of SLS.
In soludo's book cecilia Ibru was a genius, Erastus Akingbola was a bank guru. . .and so on!. But we now know better!

^ and i'm yet to see any policy adopted and completed by SLS. U can never know the flaws of a person, whe he's still at the helm of affairs and a person cannot be ubiquitous to know and solve every problem that he encounters, that's why sanusi met the problems that he solved. As for sanusi, his records will be worst than that of soludo if another person emerges as the cbn gov'nor, cos he's not even receiving global plaundits in the manner soludo received it. May be, we'll start seeing names like bin laden, muttallab, atiku as power brokers in major banks across the country.

^^ wow! And you just concluded that SLS records will be worst than soludu with what?
For the benefit of expedience, you can bring on your facts so that we can examine them. Cut the last part of your bin laden crap cos am not buying your trash!

Thesame Abdulmutallab that reported his sons dubious and extremist activities to the US embassy in Nigeria 3 months before the underwear bomber was caught? That was a bold measure which is very difficult in Nigerias setting of today.

For me that man is what an average father should do to their sons.

^ my assertions are deeply rooted on the facts that soludo made notable marks without putting up a fight against any body's policy, rather, he found the need for him to invent his own policies to help in taking the banking sector to another level. But, in the case of sanusi, the reverse seems to be the case, that's why he has never as an erudite scholar invented any idea with his senses. The value of naira keeps deflating, instead of him to adopt soludo's policy to save naira from further collapse he keeps moving about in search of soludo's policy to destroy. Look at the kind of vituperation coming his way when he's still steering the ship, check what'll happen when he steps. During soludo's era it was a harvest of awards and praises all through.

^^ my musing is that SLS is equally trying to bring on his 'little' contributions and i think he is doing quite good. Now talking about awards, SLS made the list of TIME magazine's man of the year! Infact he was posited at the 11th most influential person in the WORLD!
That alone is more than all the reneged awards you may think SOLUDO has. Beside that, thesame people awarding soludo are equally thesame set awarding cecilia Ibru all sorts tom and jack, Compare the integrity of those awards and report back.

"Sanusi's Northern Agenda Slowly Unfolding!" is clearly misleading because I don't see how the topic has to do only with the North. Does the poster mean Agriculture practices are exclusively Northern asset?

^^ The poster is a 'licensed' bigot that is allow to display his bigotry freely. IMO
Heck! False alarmed topic header should have been changed.

Mt.naija:

^^ my musing is that SLS is equally trying to bring  on his 'little' contributions and i think he is doing quite good. Now talking about awards, SLS made the list of TIME magazine's man of the year! Infact he was posited at the 11th most influential person in the WORLD!
That alone is more than all the reneged awards you may think SOLUDO has. Beside that, thesame people awarding soludo are equally thesame set awarding cecilia Ibru all sorts tom and jack,  Compare the integrity of those awards and report back.  

sanusi is trying to bring his contributions, in what manner? In a way that one part of the country will enjoy at the detriment of others? In a way that he'll add fire to the volatile situation of the country? My wife, be pragmatic. Coming to the issue of influence, do u know what being influential entails? I can dispute that clueless award, cos i'm cocksure that sanusi can not even influence u, inasmuchas, influencing any body in this country. That goes a long way to tell u the veracity of that award as to be compared to that of soludo that did a visible work.

OK, maybe I'm a bit naive, but I have been trying to figure out any pointer to northern agenda in the article but I keep missing it.

So tell me, are they going to exclude southern farmers and southern banks from participating ?

Renaissance professionals back and even beer parloring

Who is even comparing prof.Soludo with sanusi?On what footing are you placing them?Sanusi can only dream to achieve what soludo did during his time as the cbn governor.Soludo, as a well trained professional, foresaw the global economic meltdown and recapitalised our banks to wither the impact of the global heat.It took sanusi just a few days in office to destroy what soludo laboured to achieve.soludo created the micro-finance banks, but sanusi destroyed them.A risk manager who does not even know how to mitigate risk exposure, causing run in banks and increasing the unemployment pool.

Sanusi is obviously pursuing a northern agenda.A technocrat turned religious leader.The faster we relieve sanusi of his job at the cbn to enable him concentrate in his religious bigotry the better for us.

I think you should hold on for a sec! What authority do you have to discredit TIME magazine's award? What is it that will 'detriment to others' i can't seems to understand. Try another spin cos this ain't working.

1. For a moment lets assume he is actualling pursuing 'Northern Agenda' by lobbying for funds made for agriculture to be released and, thus empowering the Northern almajiri's, isn't that all what we want? Seeing violence and joblessness reducing in the North? You'd be the first person to shout boko haram later, NO?

2. When those funds are eventually released are they going to be tagged 'for northerners farmers only'? Or are you telling me Ebonyi state rice farmer won't benefit from the grants?

3. When yar adua granted amnesty to militants, whose agenda was he following? When Jonathan was sending thugs to study abroad, whose agenda was he pursuong?

. . .You can do me a favour by just addressing the issue without bringing my personality cos i hate patronage.

Kasiem2:

sanusi is trying to bring his contributions, in what manner? In a way that one part of the country will enjoy at the detriment of others? In a way that he'll add fire to the volatile situation of the country? My wife, be pragmatic. Coming to the issue of influence, do u know what being influential entails? I can dispute that clueless award, cos i'm cocksure that sanusi can not even influence u, inasmuchas, influencing any body in this country. That goes a long way to tell u the veracity of that award as to be compared to that of soludo that did a visible work.

Mt.naija:

I think you should hold on for a sec! What authority do you have to discredit TIME magazine's award? What is it that will 'detriment to others' i can't seems to understand. Try another spin cos this ain't working.

1. For a moment lets assume he is actualling pursuing 'Northern Agenda' by lobbying for funds made for agriculture to be released and, thus empowering the Northern almajiri's, isn't that all what we want? Seeing violence and joblessness reducing in the North? You'd be the first person to shout boko haram later, NO?

2. When those funds are eventually released are they going to be tagged 'for northerners farmers only'? Or are you telling me Ebonyi state rice farmer won't benefit from the grants?

3. When yar adua granted amnesty to militants, whose agenda was he following? When Jonathan was sending thugs to study abroad, whose agenda was he pursuong?

. . .You can do me a favour by just addressing the issue without bringing my personality cos i hate patronage.

u are asking the authority that i have impugn an honor which is glaringly unmeritted? Are u insinuating that TIMES MAGAZINE is infallible? I dont think so. As for the amnesty programme, aint u knowledgeable enough to know that it was sponsored with funds that were gotten from oil (which is naturally theirs). Then, how come u compare it with a situation where the general tax of the populace will be used to fund what will benefit one side of the country. U trying to make a point that creation of jobs will help the crime rate in the north is a sort of lie. More jobs will help have more money to get bombs and more sophiscated weapons. Or, are telling me that this bombers are jobless? Violence is born out of nature and not circumstance.

what more do you expect me to say! Your lack of grasp hasn't change even when you obtained NEW user ID. & I don't want to go back to my old ways either.
I can't help your low IQ. So long. . .!?!

Incase you are wondering who i might be crack your head from my signature to figure out.

Kasiem2:

u are asking the authority that i have impugn an honor which is glaringly unmeritted? Are u insinuating that TIMES MAGAZINE is infallible? I dont think so. As for the amnesty programme, aint u knowledgeable enough to know that it was sponsored with funds that were gotten from oil (which is naturally theirs). Then, how come u compare it with a situation where the general tax of the populace will be used to fund what will benefit one side of the country. U trying to make a point that creation of jobs will help the crime rate in the north is a sort of lie. More jobs will help have more money to get bombs and more sophiscated weapons. Or, are telling me that this bombers are jobless? Violence is born out of nature and not circumstance.

Mt.naija:

what more do you expect me to say! Your lack of grasp hasn't change even when you obtained NEW user ID. & I don't want to go back to my old ways either.
I can't help your low IQ. So long. . .!?!

Incase you are wondering who i might be crack your head from my signature to figure out.

u need not to say more if u can't debunk my claims. Pls i'm not the type that keeps coming with moniker for a purpose that i dont know. I'm sui generis.
P.s.s why were offensive this time around. Be discreet with ur words.

ziccoit:

"Sanusi's Northern Agenda Slowly Unfolding!" is clearly misleading because I don't see how the topic has to do only with the North. Does the poster mean Agriculture practices are exclusively Northern asset?

No, it means the CBN governor, who is supposed to be our chief economist is slowly getting the CBN directly into the so-called risk-sharing enterprises, or islamic economics as some people have called it.
Note, nobody is saying "ban islamic banking", but we're saying don't use federal goverment funds and efforts to do that.

chamber2:

Who is even comparing prof.Soludo with sanusi?On what footing are you placing them?Sanusi can only dream to achieve what soludo did during his time as the cbn governor.Soludo, as a well trained professional, foresaw the global economic meltdown and recapitalised our banks to wither the impact of the global heat.It took sanusi just a few days in office to destroy what soludo laboured to achieve.soludo created the micro-finance banks, but sanusi destroyed them.A risk manager who does not even know how to mitigate risk exposure, causing run in banks and increasing the unemployment pool.

Sanusi is obviously pursuing a northern agenda.A technocrat turned religious leader.The faster we relieve sanusi of his job at the cbn to enable him concentrate in his religious bigotry the better for us.

Excuse me,what exactly did Soludo achieve while in office to make him stand a collosus?.Making our banks too big to fail with thieving execu-thieves?.FYI,i dnt agree with everyone of SLS' policies,but on monetary matters n financial sanity,he is way better than Soludo.
And before anyone responds to this post with tribal rants,know that i am igbo from Nnewi and i am just calling it as i see it.
BTW,the thread's header should be changed ASAP,its totally misleading.

The NIRSAL thing is what is "Northern"? What aspect thereof? Not quite seeing how the article relates to the ops title

I see no Northern agenda is this article/idea.
There are big farms in the south that will definitely  benefit from such loan.
Perhaps it's a ploy to get a lot of people back to farm.

Nice one Sanusi. I just hope it will be well managed.