• Home
  • Agric
  • Sci & Tech
  • Health
  • Environment
  • Hausa News
  • More
    • Business/Banking & Finance
    • POLITICS
    • Entertainments & Sports
    • International
    • Investigation
    • Law & Human Rights
    • Africa
    • ACCOUNTABILITY/CORRUPTION
    • Hassan Gimba
    • Column
    • Prof. Jibrin Ibrahim
    • Prof. M.K. Othman
    • Defense/Security
    • Education
    • Energy/Electricity
    • Entertainment/Arts & Sports
    • Society and Lifestyle
    • Food & Agriculture
    • Health & Healthy Living
    • International News
    • Interviews
    • Investigation/Fact-Check
    • LAW & HUMAN RIGHTS
    • Oil & Gas/Mineral Resources
    • PRESS FREEDOM/JOURNALISM/PR
    • General News
    • Presidency
  • About Us
    • Contact Us
    • Board Of Advisory
    • Privacy Policy
    • Ethics Policy
    • Teamwork And Collaboration Policy
    • Fact-Checking Policy
    • Advertising
  • Media OutReach Newswire
    • Wire News
  • The Stories
Facebook Twitter Instagram
Trending
  • Dangote: Reliable electricity critical to industrial growth, urges entrepreneurs to build around investments
  • Nigerian journalist remanded over reports on alleged ₦147m SDG project
  • CBN moves to strengthen credit guarantees, boost private-sector agricultural financing
  • Lagos reaffirms food security push
  • Yargote foundation seeks more support for boy-child programme
  • Foundation unveils public sector reform playbook
  • Blueprint aims to turn African farms Into industries
  • WHO warns insecurity Is hindering Ebola response
Facebook Twitter Instagram YouTube
AsheNewsAsheNews
  • Home
  • Agric

    CBN moves to strengthen credit guarantees, boost private-sector agricultural financing

    November 12, 2026

    Lagos reaffirms food security push

    November 12, 2026

    Blueprint aims to turn African farms Into industries

    November 12, 2026

    GOCOP brings food and supplies to Lagos Orphanage

    November 12, 2026

    New programme aims to connect farmers with expertise

    November 12, 2026
  • Sci & Tech

    Nigeria plans satellite facility in Epe

    November 12, 2026

    3MTT seeks partners to train Nigerians in digital skills

    November 12, 2026

    Expert urges Nigeria to build sovereign AI platform

    November 11, 2026

    NATCOMS flags cybersecurity risks in SPARK loan service

    November 11, 2026

    NITDA unveils 2026 Nigeria tech outlook report

    November 11, 2026
  • Health

    Yargote foundation seeks more support for boy-child programme

    November 12, 2026

    WHO warns insecurity Is hindering Ebola response

    November 12, 2026

    Expert seeks more funding for animal health research

    November 12, 2026

    Kaduna health insurance costs N10,650 annually

    November 12, 2026

    NAPTIP launches school clubs to fight human trafficking

    November 11, 2026
  • Environment

    COP31: Why governments must confront systems exploiting women and Earth, by Melania Chiponda

    November 11, 2026

    FUTA Don urges sustained advocacy against deforestation, technology to assess termite risks

    November 11, 2026

    Igando dumpsite reopening set to ease Lagos waste crisis

    November 11, 2026

    COP31: UN chief urges faster shift away from fossil fuels

    November 11, 2026

    Amnesty urges oil firms to fund Niger Delta environmental cleanup

    November 11, 2026
  • Hausa News

    Foundation unveils public sector reform playbook

    November 12, 2026

    Tinubu asks Reps to approve N10.79tn external borrowing for 2026 budget

    November 11, 2026

    UNA signs MoU to launch air Bissau in Guinea-Bissau

    June 15, 2026

    Otti plans 250-room 5-star hotel in Umuahia

    April 11, 2026

    Anti-quackery task force seals 4 fake hospitals in Rivers

    August 29, 2025
  • More
    1. Business/Banking & Finance
    2. POLITICS
    3. Entertainments & Sports
    4. International
    5. Investigation
    6. Law & Human Rights
    7. Africa
    8. ACCOUNTABILITY/CORRUPTION
    9. Hassan Gimba
    10. Column
    11. Prof. Jibrin Ibrahim
    12. Prof. M.K. Othman
    13. Defense/Security
    14. Education
    15. Energy/Electricity
    16. Entertainment/Arts & Sports
    17. Society and Lifestyle
    18. Food & Agriculture
    19. Health & Healthy Living
    20. International News
    21. Interviews
    22. Investigation/Fact-Check
    23. LAW & HUMAN RIGHTS
    24. Oil & Gas/Mineral Resources
    25. PRESS FREEDOM/JOURNALISM/PR
    26. General News
    27. Presidency
    Featured
    Recent

    Dangote: Reliable electricity critical to industrial growth, urges entrepreneurs to build around investments

    November 12, 2026

    Nigerian journalist remanded over reports on alleged ₦147m SDG project

    November 12, 2026

    CBN moves to strengthen credit guarantees, boost private-sector agricultural financing

    November 12, 2026
  • About Us
    1. Contact Us
    2. Board Of Advisory
    3. Privacy Policy
    4. Ethics Policy
    5. Teamwork And Collaboration Policy
    6. Fact-Checking Policy
    7. Advertising
    Featured
    Recent

    Dangote: Reliable electricity critical to industrial growth, urges entrepreneurs to build around investments

    November 12, 2026

    Nigerian journalist remanded over reports on alleged ₦147m SDG project

    November 12, 2026

    CBN moves to strengthen credit guarantees, boost private-sector agricultural financing

    November 12, 2026
  • Media OutReach Newswire
    • Wire News
  • The Stories
AsheNewsAsheNews
Home»Food & Agriculture»Agriculture experts seek adequate disbursement of $1.2bn modernization loan
Food & Agriculture

Agriculture experts seek adequate disbursement of $1.2bn modernization loan

Agriculture experts seek adequate disbursement of $1.2bn modernisation loan
NewsdeskBy NewsdeskJanuary 18, 2024Updated:January 18, 2024No Comments3 Mins Read
Growth
Share
Facebook Twitter LinkedIn Pinterest Email

Some agriculture experts have called for the appropriate disbursement of the 1.2 billion dollars loan from Brazil to boost Nigeria’s agriculture modernization.

The experts made the call in separate interviews on Thursday in Lagos.

The Federal Government recently signed a 1.2 billion dollars Memorandum of Understanding (MOU) with the Development Bank of Brazil for agriculture modernisation in Nigeria.

The loan is intended to improve agriculture mechanisation and set up modern agro-centers across the country with the credit facility.

Mr Akin Alabi, an agriculture consultant, called on the government to ensure the appropriate disbursement of funds to get the intended results in the sector.

He said that the funding had always been the issue for agriculture since the days of Adam.

“More funds are always required to boost agriculture productivity either from local or foreign developmental partners.

“With the 1.2 billion dollars loan from Brazil to boost agriculture modernisation in Nigeria, the question is will this fund be administered adequately?

“Will the funds get to the real grassroots smallholder farmers? Either commercial or large-scale farmers? What will be the disbursement model of this fund? Will it be given to the farmers as loans or grants?

“These are the questions we need to ask so that we do not have ‘portfolio’ or ‘political’ farmers take the funds and it does not reflect across all value chains in the agriculture sector.

“The funds can be used to enhance agro-production, processing, extension services, irrigation farming, greenhouses, value chains addition and reduction of post-harvest losses.

“These are areas the funds can be adequately utilised to give us the desired modernisation in the Nigerian agriculture sector,” he said.

On his part, Dr Fadlullah Issa, a fellow at the National Agriculture Extension Research Liaison Services (NAERLS), said it was pertinent that the nation moved from subsistence farming to modernised farming.

“Current research still indicates that a substantial percentage of Nigerian farmers (80 to 90 percent) are still cutlass and hoe farmers.

“Yet, we are making claims that we have tractors available to local farmers, but go to the rural areas, these farmer will tell you they never seen a tractor.

“To take Nigerian agriculture to the next level, the use of machinery is the key thing.

“The application of appropriate recommended practices, in terms of agrochemicals, a soil test, among others is necessary for modernisation.

“The population is growing and food security is threatened, so the best way to utilise this loan is to disburse it appropriately to the right channels.”

He also reiterated importance of the funds reaching the real farmers it was intended for and not otherwise.

“These funds should not be disbursed to ‘political’ farmers; a major part of the Anchor’s Borrowers Scheme funds went to unintended beneficiaries; that is why the noise of not recovering the funds was rampant.

“To disburse the funds, there should be a policy plan; also we must strengthen our extension services to promote modernisation of the sector.

“If we want to modernise the agriculture sector and education is out of the equation, then what are we modernising? We must train more extension agents to propel this modernisation quest.

“We also cannot modernise agriculture without giving out improved seeds, without soil tests and appropriate inputs to the farmers.

“We cannot modernise agriculture when the funds do not get to the actual farmers,” he said. 

agric modernization Agriculture
Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Newsdesk
  • Website

Related Posts

CBN moves to strengthen credit guarantees, boost private-sector agricultural financing

November 12, 2026

Lagos reaffirms food security push

November 12, 2026

Blueprint aims to turn African farms Into industries

November 12, 2026

Leave A Reply Cancel Reply

Dangote: Reliable electricity critical to industrial growth, urges entrepreneurs to build around investments

November 12, 2026

Nigerian journalist remanded over reports on alleged ₦147m SDG project

November 12, 2026

CBN moves to strengthen credit guarantees, boost private-sector agricultural financing

November 12, 2026

Lagos reaffirms food security push

November 12, 2026
About Us
About Us

ASHENEWS (AsheNewsDaily.com), published by PenPlus Online Media Publishers, is an independent online newspaper. We report development news, especially on Agriculture, Science, Health and Environment as they affect the under-reported rural and urban poor.

We also conduct investigations, especially in the areas of ASHE, as well as other general interests, including corruption, human rights, illicit financial flows, and politics.

Contact Info:
  • 1st floor, Dogon Daji House, No. 5, Maiduguri Road, Sokoto
  • +234(0)7031140009
  • ashenewsdaily@gmail.com
Facebook Twitter Instagram Pinterest
© 2026 All Rights Reserved. ASHENEWS Daily Designed & Managed By DeedsTech

Type above and press Enter to search. Press Esc to cancel.