• Home
  • Agric
  • Sci, Tech & Innovation
  • Health
  • Environ/Climate Change
  • More
    • Business/Banking & Finance
    • Politics/Elections
    • Entertainments & Sports
    • International
    • Investigation
    • Law & Human Rights
    • Africa/AU/ECOWAS
    • Research and Development
    • CENTRAL AFRICA
    • EAST AFRICA
    • NORTH AFRICA
    • AFRICAN UNION/ECOWAS
    • Corruption/EFCC/ICPC
    • EFCC/ICPC
    • Hassan Gimba
    • ECONOMY, TRADE & INVESTMENT
    • Column
    • Prof. Jibrin Ibrahim
    • Prof. M.K. Othman
    • CSOs/ORGANISED LABOUR
    • Defense/Security
    • CRIME WATCH
    • DISASTER/ACCIDENT/FRSC
    • DEVELOPMENT STORIES
    • DIPLOMATIC RELATIONS
    • Education/JAMB/WAEC/NECO/NABTEB
    • EXAMS/JAMB/WAEC/NECO/NABTEB
    • SCHOOLS/INSTITUTIONS
    • Energy/Electricity
    • Entertainment/Arts & Sports
    • Society and Lifestyle
    • FAITH AND WORSHIP
    • Food & Agriculture
    • GOOD GOVERNANCE
    • Health & Healthy Living
    • Technology
    • INFRASTRUCTURE
    • International News
    • Interviews
    • Fact-check/Investigation
    • Judiciary
    • Legislature
    • Judiciary/Legislature/Law & Human Rights
    • LITERATURE
    • Oil & Gas/Mineral Resources
    • PEOPLE & PERSONALITIES
    • Media/PR/Journalism
    • PICTURES/VIDEOS/AUDIOS
    • Elections
    • General News
    • Presidency
    • PRESS RELEASES
  • About Us
    • Contact Us
    • Board Of Advisory
    • Privacy Policy
    • Ethics Policy
    • Teamwork And Collaboration Policy
    • Fact-Checking Policy
  • Advertising
Facebook Twitter Instagram
Trending
  • BBNaija: How I almost missed All-Stars participation – Cee-C
  • FCT to partner Italy on agriculture, sustainable city, tourism – Wike
  • Military arrest 8 suspected killers of catholic seminarian, others
  • World Heart Day: FG unveils cardiac emergency response devices
  • Rainstorm destroys 15 houses, farmlands in Kogi community
  • Expert urges millers, farmers to adopt alternatives to poultry feeds
  • FAAC: FG, states, LGCs share N1.1trn for August 
  • NiMet predicts 3-day sunshine, thunderstorm from Friday
Facebook Twitter Instagram YouTube
AsheNewsAsheNews
  • Home
  • Agric
  • Sci, Tech & Innovation
  • Health
  • Environ/Climate Change
  • More
    • Business/Banking & Finance
    • Politics/Elections
    • Entertainments & Sports
    • International
    • Investigation
    • Law & Human Rights
    • Africa/AU/ECOWAS
    • Research and Development
    • CENTRAL AFRICA
    • EAST AFRICA
    • NORTH AFRICA
    • AFRICAN UNION/ECOWAS
    • Corruption/EFCC/ICPC
    • EFCC/ICPC
    • Hassan Gimba
    • ECONOMY, TRADE & INVESTMENT
    • Column
    • Prof. Jibrin Ibrahim
    • Prof. M.K. Othman
    • CSOs/ORGANISED LABOUR
    • Defense/Security
    • CRIME WATCH
    • DISASTER/ACCIDENT/FRSC
    • DEVELOPMENT STORIES
    • DIPLOMATIC RELATIONS
    • Education/JAMB/WAEC/NECO/NABTEB
    • EXAMS/JAMB/WAEC/NECO/NABTEB
    • SCHOOLS/INSTITUTIONS
    • Energy/Electricity
    • Entertainment/Arts & Sports
    • Society and Lifestyle
    • FAITH AND WORSHIP
    • Food & Agriculture
    • GOOD GOVERNANCE
    • Health & Healthy Living
    • Technology
    • INFRASTRUCTURE
    • International News
    • Interviews
    • Fact-check/Investigation
    • Judiciary
    • Legislature
    • Judiciary/Legislature/Law & Human Rights
    • LITERATURE
    • Oil & Gas/Mineral Resources
    • PEOPLE & PERSONALITIES
    • Media/PR/Journalism
    • PICTURES/VIDEOS/AUDIOS
    • Elections
    • General News
    • Presidency
    • PRESS RELEASES
  • About Us
    • Contact Us
    • Board Of Advisory
    • Privacy Policy
    • Ethics Policy
    • Teamwork And Collaboration Policy
    • Fact-Checking Policy
  • Advertising
AsheNewsAsheNews
Home»Food & Agriculture»Nigeria: Buhari challenges AFREXIM on align lending to agric priorities
Food & Agriculture

Nigeria: Buhari challenges AFREXIM on align lending to agric priorities

Abdallah el-KurebeBy Abdallah el-KurebeJune 9, 2018No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

President Muhammadu Buhari on Thursday requested the African Export – Import Bank (AFREXIM) to align its lending schemes with the agricultural priorities of the Federal Government.

The President made the request when he received the President of the Bank and Chairman of its Board of the Directors at the State House, Abuja.

President Buhari acknowledged the fact that Nigeria was the biggest beneficiary of AFREXIM’s loans and facilities.

He, however, observed that in spite of the impressive array of lending to institutions and industries in Nigeria, agriculture did not feature very well and needed to be taken on board.

He said: “Many do not appreciate how much we are doing in agriculture.  The Minister of Agriculture and the Central Bank are doing so much.

“We have almost achieved complete food security coupled with the massive employment of able-bodied Nigerians, both the educated and the not-so-educated.

“You must take interest in our agriculture.”

President Buhari, at the meeting, also directed the Secretary to the Government of the Federation, Boss Mustapha, to take up the Minister of the Federal Capital Territory Administration for the issuance without delay, of land for the regional headquarters building of the bank.

He added that another land should be allocated for a proposed Centre for Medical Excellence in tertiary healthcare in the Federal Capital.

“The proposed Centre, to be established in collaboration with the Kings Hospital in London, will provide advanced treatment in Nigeria for cancers, haematology and cardiology and, pursuant to that, the creation of hundreds of jobs here in the country,’’ he said.

The President also asked the bank to direct more of its resources to infrastructure funding in Nigeria.

The Minister of Finance, Mrs Kemi Adeosun, also informed the meeting that there were ongoing efforts to raise Nigeria’s equity in the bank, which had dropped to sixth from the first position hitherto.

The President of the Bank, Dr Okey Oramah, a Nigerian, reported that the dilution of Nigerian shareholding needed to be addressed, to justify the pre-eminent position of the country as leading beneficiary.

He disclosed that the bank exposure in Nigeria currently stood at about four billion dollars.

The bank, which is marking its 25th anniversary this year, is bringing the events to Nigeria in recognition of the pioneering role played by the country in the bank’s formation.

President Buhari was supported at the meeting by the Secretary to the Government of the Federation, Boss Mustapha; the Chief of Staff to the President, Malam Abba Kyari, the Ministers of Finance and Industry, Trade and Investment and the Governor of the Central Bank.

AFREXIM Agric Dr Okey Oramah lending
Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Abdallah el-Kurebe
  • Website
  • Facebook
  • Twitter
  • LinkedIn

Related Posts

Expert urges millers, farmers to adopt alternatives to poultry feeds

September 29, 2023

Expert advocates improved preservation skills to reduce post-harvest losses

September 29, 2023

Poultry farmers seek urgent govt intervention in feed production

September 27, 2023

Leave A Reply Cancel Reply

BBNaija: How I almost missed All-Stars participation – Cee-C

September 29, 2023

FCT to partner Italy on agriculture, sustainable city, tourism – Wike

September 29, 2023

Military arrest 8 suspected killers of catholic seminarian, others

September 29, 2023

World Heart Day: FG unveils cardiac emergency response devices

September 29, 2023
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
© 2023 All Right Reserved. AHSE NEWS Daily. Designed by DeedsTech.

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