It is no longer a news that fish farming is
becoming a gold mine every entrepreneur or
anyone willing to take advantage of the
agricultural revolution in Nigeria really need
to look into. Fish production for instant made
the list of the products the Monetary and
fiscal authority are working together in a
collaborative manner to improve on with a
strong believe that it can lead to a reduction
in the demand for foreign exchange. This I
believe is a good news for intending farmers
and entrepreneurs.

In an article posted by The Africa Food
Project recently which reads: Emefiele said:
“Banks have set a target to boost
agriculture lending to both small and
commercial to about N300 billion in 2016.”
He noted that the bankers generally agreed
on the need to increase lending to the
agricultural sector but the committee feels
there is the
need to de-risk the agricultural value chain.
Monetary and fiscal authority must work
together in a collaborative manner to
improve the local production of specific
agricultural product like rice, tomatoes,
fish,wheat and
sugar which can lead to a reduction in the
demand for foreign exchange.

He emphasized the need to improve
infrastructure in various sectors and
particularly urged government to build more
Fadama road, more sailors and warehouses
to receive final produce so that they do not
get destroyed in the farms. Governor
Emefiele
said: “We seized the opportunity to exchange
ideas with the ministers about their agenda
and what they planned to do and how they
expect the banking industry to support their
effort.

“All in an attempt to ensure that the banking
industry is seen to be contributing to grow
the economy in line with government
objective to diversify the economy away
from oil.” The
retreat identified that SMEs play import role
in the economy and explored how to
improve support to the agriculture value
chain and what
can be done to develop large scale
commercial agriculture in the country.

The committee also felt that there is the
need for a paradigm shift in the feeling that
SME are endangered species to lend money.
They agreed on the need to take SME
through capacity building on important areas
like book keeping to make them bank-able
and boost lending to the sector. The seasons
Identified power and transportation as strong
enables in the environment. Previous
outcome retreat has help to increase lending
to the manufacturing sector, facilitating
finance to the power and the Aviation sector
and incentivize lending to the agricultural
sector from 1percent in 2010/2011 to 4
percent in 2014.

He advised corporate organisations in Nigeria
to emulate Fidelity bank in making their
promos transparent.

Source: africafoodproject.org

Posted by: catfishplus.

Goodnews for farmers

noeloge82:
Goodnews for farmers

Hopefully, we'll enjoy the dividends of 'Change'.

It is a good, nay excellent, plan. But it is one thing to collect loan
from government and its agencies, it is another to do agric
profitably and sustainably so that the loan can be repaid.

The beginning of successful farming business is a good business
plan/Business Model. For good business plan on poultry, contact
FarmerGiant Nig Ltd. 56, Shasha Rd, Akowonjo, Ibadan OR
73 Ilupeju, Olohan, Wire & Cable, Apata, Ibadan

Call 08098434376, 08065825972