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1. Financial Inclusion & Credit to the Agricultural Sector.

cbn logoThe Central Bank of Nigeria (CBN), in collaboration with the Bankers Committee and the Nigerian Postal Service (NIPOST), will set up a Micro Finance Bank (MFB) to enhance financial inclusion and credit to the agricultural sector as well as small and medium scale enterprises (SME). CBN Governor Godwin Emefiele disclosed this yesterday in Lagos at the opening ceremony of the 10th annual Bankers’ Committee retreat.
Emefiele explained that the national MFB slated for launch next month would leverage the existing NIPOST presence in the 774 local government areas of the country and aid the CBN and the bankers’ committee’s effort in accessing the Anchor borrowers’ fund, SME fund and other initiatives tailored towards SMEs, farmers and the CBN’s financial inclusion drive.

Collaboration in Rural Agro-Industrial Development.

A milestone has been achieved as government’s foremost research and development organ and an agric entrepreneurial group strikes partnership. The Raw Materials Research and Development Council (RMRDC) and the Association of Agricultural and Industrial Entrepreneurs of Nigeria (AIEN) recently signed a Memorandum of Understanding to collaborate in rural agro-industrial development.

At the signing ceremony in the boardroom of RMRDC in Maitama, Abuja, the two bodies resolved to work closely on developing rural agricultural clusters for harnessing agricultural produce from across remote areas of the country.


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