• About
  • Advertise
  • Careers
  • Contact
Saturday, July 5, 2025
  • Login
No Result
View All Result
NEWSLETTER
Reporters At Large
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us
No Result
View All Result
Reporters At Large
No Result
View All Result
Home Featured

CBN To Fund ABP With N42bn Greenfield Egg Plant

by ReportersAtLarge
February 25, 2018
in Featured
Reading Time: 2 mins read
0
Godwin-emefiele-cbn-governor

Godwin Emefiele, CBN Governor

Share on WhatsappShare on FacebookShare on TwitterShare on Linkedin

THE Central Bank of Nigeria CBN) is set to expand the scope of its Anchor Borrowers Programme (ABP) with funding support for the N42 billion Greenfield Integrated Poultry and Powderized egg plant.

Meanwhile the CBN, through the ABP has disbursed N55.5 billion to 250,000 farmers and in the process created 3.49 million jobs comprising 890,000 direct jobs and 2.6 million indirect jobs. CBN Governor, Mr. Godwin Emefiele, disclosed this, weekend, at the ground-breaking ceremony of the plant in Emere-Ile, Ondo State.

He noted that the Greenfield Egg plant will go a long way in plugging the supply gap in the poultry industry, and is in line with the CBN’s determination to increase local production of critical agriculture produce, reduce imports of items that can be made in Nigeria, and thus help save scarce foreign exchange.

ADVERTISEMENT

Emefiele stated: “This Integrated Poultry Facility comprises a Pasteurized Liquid and Powder Egg Processing Facility, 200,000 Commercial Rearing Capacity, 600,000 Commercial Layers, Egg Grading and Packing Centre, a state of the art Feed Mill, and modern Broiler Processing Operation. I am glad to note that the Ondo State Government is working closely with the CBN through the CBN’s Anchor Borrowers’ Programme (ABP) to support an outgrowers programme that will provide the feedstock for this project.

“As you may all know, the ABP is designed to support small holder farmers by providing them with the requisite training, tools and funds at single digit interest rates, which will enable improved cultivation of key agricultural items such as maize, soybeans, rice, cotton and wheat. The program also provides a ready market for farmers by linking them with credible off takers and processors of their produce.

RelatedPosts

Bangladesh President Dissolves Parliament, Prepares For Interim Government

Tim Walz: Who Is Kamala Harris’ VP Running Mate?

US Elections: Kamala Harris Picks Tim Walz As Running Mate

“Since commencement of the Programme in November 2015, the CBN in partnership with state governments and several private sector groups, have disbursed a cumulative sum of N55.526 billion to over 250,000 farmers who cultivated almost 300,000 hectares of farmland for rice, wheat, maize, cotton, soybeans, cassava, etc. Two years into the implementation, the programme has contributed to the creation of an estimated 890,000 direct and 2.6 million indirect jobs.

“With the commencement of the Greenfield Integrated Poultry Facility, we expect that the implementation of the Anchor Borrowers’ Programme in the State will be tremendously expanded. This will surely go a long way in providing needed inputs for the facility.”

ALSO READ: Oyo NBA Boss, Akeem Agbaje Counsels Young Lawyers On Professionalism

Speaking at the ceremony, Ondo State Governor, Mr. Rotimi Akeredolu, said that the Greenfield Egg plant is a demonstration of the commitment of the state government to explore the agricultural potential of the state by creating enabling environment for investors.

He expressed appreciation to the CBN for providing the funding support to make it a reality.

On his part, the Chief Executive Officer of Greenfield Asset Limited, Dr Paul Obanua, commended the Ondo State government and the CBN for their support for the project, assuring that the first phase will be completed in 12 months.

SendShare4TweetShare
ReportersAtLarge

ReportersAtLarge

Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

More

Bangladesh Parliament Building
Featured

Bangladesh President Dissolves Parliament, Prepares For Interim Government

by ReportersAtLarge
August 6, 2024
0

Bangladesh's president dissolved parliament on Tuesday, clearing the way for an interim government and new elections a day after Prime...

Read moreDetails
Tim Walz
Featured

Tim Walz: Who Is Kamala Harris’ VP Running Mate?

by ReportersAtLarge
August 6, 2024
0

Minnesota Governor Tim Walz has been selected as the running mate for Democratic nominee Vice President Kamala Harris. Harris announced...

Read moreDetails
US Elections - Kamala Harris picks Tim Walz as Running Mate
Featured

US Elections: Kamala Harris Picks Tim Walz As Running Mate

by ReportersAtLarge
August 6, 2024
0

U.S. Vice President Kamala Harris has chosen Minnesota Gov. Tim Walz as her running mate, looking to strengthen the Democratic...

Read moreDetails
Load More

Leave a Reply Cancel reply

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

Recommended

Acting Director, Army Public Relations, Col Sani Usman

Army Destroy Bandits’ Camps in Zamfara

9 years ago
Senator Ovie Omo-Agege

South-South Forum Warns Omo-Agege Over Delay In NDDC Board’s Nominees Confirmation

3 years ago

Popular News

  • Olubadan of Ibadan Oba Owolabi Olakulehin

    Makinde, Senator Alli Celebrate Olubadan On 90th Birthday, First Coronation

    0 shares
    Share 0 Tweet 0
  • PEAC/PFIPC Is A Boost For Nigeria’s Economy – McDons Hotel Boss, Dr. Akweke

    0 shares
    Share 0 Tweet 0
  • Ogidan’Birin Set To Launch WADEN At Akungba Day 2025

    0 shares
    Share 0 Tweet 0
  • Stakeholders Urge Sharing Of Community Experiences On Climate Change Impacts

    0 shares
    Share 0 Tweet 0
  • Court Affirms Senate’s Right To Suspend Natasha

    0 shares
    Share 0 Tweet 0

Connect with us

ADVERTISEMENT

About Us

Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

With a high level of professionalism, fairness, objectivity, accuracy and speed, we publish Breaking News Nigeria Today Headlines and International news on Politics, Tourism and Travel, Entertainment, Sports, Business Lifestyle and Sports.

Category

  • Auto Trend
  • Breaking Bones
  • Business
  • Columns
  • Entertainment
  • Featured
  • For The Record
  • Health
  • Innovation
  • Lifestyle
  • Metro
  • News
  • Opinion
  • People & Events
  • Politics
  • Press Releases
  • Science & Technology
  • Sponsored
  • Sport
  • Tourism & Culture
  • Video
  • Video News
  • WorldNews

Recent Posts

  • Makinde, Senator Alli Celebrate Olubadan On 90th Birthday, First Coronation July 5, 2025
  • PEAC/PFIPC Is A Boost For Nigeria’s Economy – McDons Hotel Boss, Dr. Akweke July 5, 2025
  • Ogidan’Birin Set To Launch WADEN At Akungba Day 2025 July 4, 2025
  • Stakeholders Urge Sharing Of Community Experiences On Climate Change Impacts July 4, 2025
  • Court Affirms Senate’s Right To Suspend Natasha July 4, 2025
February 2018
SMTWTFS
 123
45678910
11121314151617
18192021222324
25262728 
« Jan   Mar »
  • Home
  • News
  • Business
  • Politics
  • Tourism
  • Lifestyle
  • RAL TV
  • More

© 2016-2024 RAL - Guided by professionalism

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us

© 2016-2024 RAL - Guided by professionalism

Verified by MonsterInsights