Opinion
Rivers PAN And Anchor Borrowers Scheme
During the flag-off of the 2015 dry season farming in Birnin Kebbi, Kebbi State on Tuesday, November 17, 2015, President Muhammadu Buhari expressed displeasure over the huge sum of money Nigeria reportedly spends on importation of food items. The President’s anger was not just because of the huge amount of money being spent on edibles, but that these food items can well be locally produced. Why then the unnecessary extravagance? You may ask.
Mr President unequivocally described a N1 trillion importation bill on mere food items as not sustainable, stating that Nigeria’s foreign reserve can be conserved by curbing the appetite for imported goods that can be easily produced locally.
This statement was matched with action as he personally launched the Central Bank of Nigeria’s (CBN) Anchor Borrowers Programme (ABP). Buhari expressed high hopes that the scheme would lift thousands of small farmers out of poverty and generate millions of jobs for unemployed Nigerians.
The president’s optimism stems from the pride of place agriculture had enjoyed in Nigeria’s economy. The current reality in the global market has left Nigeria with no option than to diversify into other productive sectors, for which agriculture stands prominent.
The Anchor Borrowers Programme (ABP) was initiated by the Central Bank of Nigeria after discovering that the allocation of huge amount of money to the importation of items such as rice, wheat, milk and fish among others was greatly contributing to the rapid depletion of the nation’s foreign reserves, especially in the face of low oil revenue resulting from fallen oil prices.
This discovery prompted the bank to shift from concentrating only on price, monetary and financial system stability, to act as a financial catalyst in specific sectors of the economy, particularly agriculture, in an effort to create jobs on a mass scale, improve local food production and conserve scarce foreign reserves.
According to the CBN’s governor, Mr Godwin Emefiele ABP is aimed at creating economic linkages between over 600,000 small holder farmers and reputable large scale processors with a view to increasing agricultural output and significantly improving capacity utilization of integrated mills.
The initiator believes that if the proposal is adequately disposed, the programme would be able to close the gap between the levels of local production and domestic consumption, as well as complement the Growth of Enhancement Support (GES) scheme of the Federal Ministry of Agriculture by graduating GES farmers from subsistence farming to commercial production.
To make real its intention, CBN set aside N40b from the N220b Micro, Small and Medium Enterprise Development Fund for farmers at a single digit interest rate of 9%. Since inception, farmers across the country have been benefitting in varying capacities. Many people have testified to the outcome justifying the intention of the programme’s initiator.
Yet, the poultry farmers in Rivers State, like the Biblical blind Barthemeus, have hopelessly been watching their other farmer colleagues being helped to the pool of salvation, via the CBN’s Anchor Borrowers Programme. Their inability to access an off-taker for this programme had been the bane of their efforts.
However, the inauguration of a new leadership of the Poultry Association of Nigeria, Rivers State chapter, seems to signal a light at the end of the tunnel. The avowed commitment of the leadership of Mr Bestman Wokelem to depopulate the labour market via poultry farming by making it a viable enterprise in the state, has restored hope to the hitherto dying industry.
All things being equal, poultry farmers in the state can now, not only access fund to improve production, they have a ready market to mop up their produce. This may look more like the Biblical Manna in the wilderness. Even at that, the Israelites had to heed to some injunctions to be able to harness and make the best out of the manna experience.
This writer believes that this whole arrangement by the current executive of PAN, Rivers State, coming on the heels of Nigeria’s economic woes, will not only rewrite the history of poultry farming in the State, it will also have a far-reaching positive effect on the jobless population, the economy of the state and the nation at large.
But this can only be made possible if farmers would see it as a privilege and an opportunity to explore and not consider it as one of those national cakes that must be squandered. After all, the loan must be repaid.
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Empowering Youth Through Agriculture
Quote:”While job seeking youths should continuously acquire skills and explore opportunities within their immediate environment as well as in the global space through the use of digital platforms, government, corporate/ multinational organizations or the organised private sector should generate skills and provide the enabling environment for skills acquisition, through adequate funding and resettlement packages that will provide sustainable economic life for beneficiaries”.
The Governor of Rivers State, Sir Siminalayi Fubara, recently urged youths in the Rivers State to take advantage of the vast opportunities available to become employers of labour and contribute meaningfully to the growth and development of the State. Governor Fubara noted that global trends increasingly favour entrepreneurship and innovation, and said that youths in Rivers State must not be left behind in harnessing these opportunities. The Governor, represented by the Secretary to the State Government, Dr Benibo Anabraba, made this known while declaring open the 2026 Job Fair organised by the Rivers State Government in partnership with the Nigeria Employers’ Consultative Association (NECA) in Port Harcourt. The Governor acknowledged the responsibility of government to create jobs for its teeming youth population but noted that it is unrealistic to absorb all job seekers into the civil service.
“As a government, we recognise our duty to provide employment opportunities for our teeming youths. However, we also understand that not all youths can be accommodated within the civil service. This underscores the need to encourage entrepreneurship across diverse sectors and to partner with other stakeholders, including the youths themselves, so they can transition from being job seekers to employers of labour,” he said. It is necessary to State that Governor Fubara has not only stated the obvious but was committed to drive youth entrepreneurship towards their self-reliance and the economic development of the State It is not news that developed economies of the world are skilled driven economies. The private sector also remains the highest employer of labour in private sector driven or capitalist economy though it is also the responsibility of government to create job opportunities for the teeming unemployed youth population in Nigeria which has the highest youth unemployed population in the subSahara Africa.
The lack of job opportunities, caused partly by the Federal Government’s apathy to job creation, the lack of adequate supervision of job opportunities economic programmes, lack of employable skills by many youths in the country have conspired to heighten the attendant challenges of unemployment. The challenges which include, “Japa” syndrome (travelling abroad for greener pastures), that characterises the labour market and poses threat to the nation’s critical sector, especially the health and medical sector; astronomical increase in the crime rate and a loss of interest in education. While job seeking youths should continuously acquire skills and explore opportunities within their immediate environment as well as in the global space through the use of digital platforms, government, corporate/ multinational organizations or the organised private sector should generate skills and provide the enabling environment for skills acquisition, through adequate funding and resettlement packages that will provide sustainable economic life for beneficiaries.
While commending the Rivers State Government led by the People First Governor, Sir Siminilayi Fubara for initiating “various training and capacity-building programmes in areas such as ICT and artificial intelligence, oil and gas, maritime, and the blue economy, among others”, it is note-worthy that the labour market is dynamic and shaped by industry-specific demands, technological advancements, management practices and other emerging factors. So another sector the Federal, State and Local Governments should encourage youths to explore and harness the abounding potentials, in my considered view, is Agriculture. Agriculture remains a veritable solution to hunger, inflation, and food Insecurity that ravages the country. No doubt, the Nigeria’s arable landmass is grossly under-utilised and under-exploited.
In recent times, Nigerians have voiced their concerns about the persistent challenges of hunger, inflation, and the general increase in prices of goods and commodities. These issues not only affect the livelihoods of individuals and families but also pose significant threats to food security and economic stability in the country. The United Nations estimated that more than 25 million people in Nigeria could face food insecurity this year—a 47% increase from the 17 million people already at risk of going hungry, mainly due to ongoing insecurity, protracted conflicts, and rising food prices. An estimated two million children under five are likely to be pushed into acute malnutrition. (Reliefweb ,2023). In response, Nigeria declared a state of emergency on food insecurity, recognizing the urgent need to tackle food shortages, stabilize rising prices, and protect farmers facing violence from armed groups. However, without addressing the insecurity challenges, farmers will continue to struggle to feed their families and boost food production.
In addition, parts of northwest and northeast Nigeria have experienced changes in rainfall patterns making less water available for crop production. These climate change events have resulted in droughts and land degradations; presenting challenges for local communities and leading to significant impact on food security. In light of these daunting challenges, it is imperative to address the intricate interplay between insecurity and agricultural productivity. Nigeria can work toward ensuring food security, reducing poverty, and fostering sustainable economic growth in its vital agricultural sector. In this article, I suggest solutions that could enhance agricultural production and ensure that every state scales its agricultural production to a level where it can cater to 60% of the population.
This is feasible and achievable if government at all levels are intentional driving the development of the agricultural sector which was the major economic mainstay of the Country before the crude oil was struck in commercial quantity and consequently became the nation’s monolithic revenue source. Government should revive the moribund Graduate Farmers Scheme and the Rivers State School-to-Land agricultural programmes to operate concurrently with other skills acquisition and development programmes. There should be a consideration for investment in mechanized farming and arable land allocation. State and local governments should play a pivotal role in promoting mechanized farming and providing arable land for farming in communities. Additionally, allocating arable land enables small holder farmers to expand their operations and contribute to food security at the grassroots level.
Nigeria can unlock the potential of its agricultural sector to address the pressing needs of its population and achieve sustainable development. Policymakers and stakeholders must heed Akande’s recommendations and take decisive action to ensure a food-secure future for all Nigerians.
By: Igbiki Benibo
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