Business
Delayed Rains May Affect Food Production This Year – Farmers
Farmers in some northern
part of the country have expressed worry that the delay in the rainfall experienced this year may affect food production in the country.
Meteorologists had predicted that some northern parts of the country would experience delay in the arrival of rains this cropping season, while they were also advised not to rush to plant.
Some of the farmers told newsmen that most farmers are yet to commence planting due to lack of adequate rainfall.
They said the situation posed serious threat to food production in the region this year.
One of the farmers, Malam Baushe Talle, said: “rain is a factor in plant growth, therefore, the greater the rainfall, the faster the seed grows and the higher the yield.”
Another farmer, Malam Musa Abdu, stressed the need for government to provide farmers in the region with drought resistant seeds, to avert crop failure and ensure bumper harvest.
“Farmers should also be educated on different farming techniques because of this kind of situation,” he said.
In his contribution, Malam Lawan Kado, advised government to reduce the effects of potential food shortage by buying the surplus directly from farmers.
‘’So if there is a shortage of food, the stored ones can be sold at cheaper prices in order to ensure that food prices remain affordable and stable,’’ he said.
Malam Musa Dogara and Malam Maiwada Karaukarau, canvassed for adequate budgetary allocation to the agriculture sector to ensure easy access to facilities and farm inputs required to sustain massive production.
According to them, such provision would ensure prompt supply of fertilisers, chemicals, improved seeds and farming implements, as well as credit facilities to farmers.
Commenting on the issue, the Secretary, All Farmers Association of Nigeria (AFAN), Alhaji Garba Bichi, advised farmers in the northern states to plant their crops as soon as the rains start.
“Farmers should not wait for heavy downpour before they start planting because if they plant early, crops will mature before the rain stops,’’ he said.
Bichi urged farmers to embrace dry season farming as solution to inadequate or delayed rainfall.
“In fact farmers must embrace irrigation in order to augment the shortfall during wet season farming,” Bichi added.
In his comment, Chairman, Kaduna state Commercial Agriculture Association, Malam Nuhu Umar, said timely provision of farming inputs including seeds and fertiliser, was key to sustainable agricultural production in the country.
Business
SMEs Dev: Firms Launch N100m Loan Scheme
The facility will be disbursed through participating Microfinance Institutions (MFIs), which will in turn extend the loans to their customers, particularly SMEs, as they directly interface with businesses at the grassroots level.
The Executive Director of COMCIN, Mr. Micheal Ogbaa who represented the Chairman, Dr. Iredele Oyedele (FCA, FCCA), said the initiative is designed to strengthen micro-lending institutions and expand access to finance for grassroots entrepreneurs, particularly women and youths in the informal sector.
Ogbaa explained that COMCIN does not lend directly to individuals but works through its network of microfinance and cooperative institutions, which in turn provide loans to end users.
“We came together to advocate for the microfinance ecosystem. Commercial banks often exclude people at the grassroots, but our members are positioned to reach them. This facility will empower them to do more,” he said.
He noted that the loan scheme offers low interest rates and flexible repayment plans, making it more accessible to small business owners.
According to him, about 90 percent of beneficiaries are expected to be women, who play a key role in sustaining families and driving economic activities at the local level.
“Our focus is on traders, service providers, and players in the informal sector. These are the real movers of the economy. By supporting them, we are strengthening families and contributing to national development,” he added.
Ogbaa disclosed that eligible SMEs with proven integrity and business track records could access up to N5 million each through participating micro-lending institutions. The rollout has commenced in Lagos and will extend to Abuja, Enugu, and other regions, including the South-West, South-East, and North-East.
He said 12 micro-lending institutions have already benefited from the scheme, while 85 applications are currently being processed under the pilot phase.
“Our target is to reach at least 100,000 SMEs nationwide. We are building a platform that connects funding partners with credible micro-lending institutions, creating a reliable channel for financial inclusion,” Ogbaa said.
He added that COMCIN is also working to attract larger funding pools from development finance institutions and private investors, noting that successful implementation of the pilot phase would boost confidence and unlock more capital for SMEs.
“We have seen encouraging testimonies from early beneficiaries. As we demonstrate transparency and efficiency, more institutions will be willing to channel funds through us,” he said.
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