Business
Farmers Clear Refuse Dumps In Search Of Manure
Farmers in Zaria and its environs have resorted to clearing refuse dumps in their neighbourhoods in search of manure for their crop growing.
The Tide source reports that the farmers’ resolve to use organic waste, gathered from refuse dumps, for their farming has resulted in a cleaner environment.
A Zaria-based farmer, Malam Ibrahim Mohammed, said that the practice had also reduced the burden of routine refuse evacuation on the government.
He recalled that in the past, the state and local governments used to engage contractors to clear or evacuate waste from refuse dumps.
”However, people have now resorted to collecting the waste and transferring it to their farmlands, with a view to using it as compost.
”Young children in Zaria city now have jobs because they sell a cement-bag size of refuse for between N20 and N25; this is another way of generating employment.
”If you go to Kwarin Dangoma at Tudun Jukun, Zaria, you can see even older persons and men who are involved in the business so as to eke a living,’’ he said.
Another farmer in the area, Malam Musa Dogara, appealed to the government to promote the use of manure in farming so as to reduce the people’s over-reliance on conventional fertilisers.
He said that manure enriched farmlands in a better way, when compared to inorganic fertiliser that could even reduce soil fertility over time.
”If a farmer is not lazy, he can transport refuse, as much as he can, to his farm during the dry season for use as manure in the rainy season.
”A farmer needs little or no application of conventional fertilisers to complement the use of manure to enable him to have high yield,’’ he said.
Dogara, however, called on the government to intervene and modernise the manure collection, preparation and distribution system so as to boost agricultural productivity and create job opportunities.
“If government comes in and modernise the system, it will not only boost agricultural productivity but it will also create job opportunities.
”This will also enable farmers to cultivate their farmlands very early since they don’t need to wait for the supply of conventional fertilisers,’’ he said.
A peasant farmer, Malam Mutawakkilu Rafinyashi, however, also appealed to the government to spearhead efforts to encourage and mobilise farmers to replace conventional fertilisers with organic fertiliser.
Business
Private sector gets N2.2tr credit in 30 days — CBN
Credit to Nigeria’s private sector rose to N83.26 trillion in June 2026 from N81.04 trillion in May, signifying a positive balance of N2.22 trillion month-on-month.
Year-on-year, the figure represents a nine per cent increase compared with the N76.13 trillion recorded in June 2025. The latest figures come as the CBN continues to balance efforts to control inflation with the need to support economic growth and expand credit to businesses.
The CBN data shows that credit to Nigeria’s private sector increased by approximately 2.74 per cent month-on-month between May and June 2026. Also, the CBN data noted that credit to the government fell slightly to N40.03 trillion from N40.38 trillion. Other assets, net, dropped to N10.76 trillion from N12.63 trillion.
The credit surge signifies sustained growth in lending to businesses and other private-sector borrowers during the month. The rise in private sector credit was recorded alongside an increase in net domestic credit, despite declines in credit to government and other assets.
Further analysis of the report says that compared with June 2025, private sector credit rose by about N7.13 trillion yea-on-year but net domestic credit increased by approximately N1.87 trillion during the month.
The CBN’s relatively tight monetary policy stance notwithstanding, more banks still loaded funds to the private sector within the period. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 306th meeting on July 20 and 21.
The Committee reviewed recent developments in the global and domestic economies, assessed emerging risks to the outlook and considered their implications for monetary policy and retained all rates.
The Committee decided to retain the Monetary Policy Rate at 26.5 per cent; the Standing Facilities Corridor around the MPR at +50/-450 basis points and retain the Cash Reserve Requirement (CRR) for Deposit Money Banks at 45.00 per cent, Merchant Banks at 16.00 per cent, and non-TSA public sector deposits at 75.00 per cent.
The MPC decision means that credit extension in the private sector will likely continue to rise because of rising confidence in the sector and calls by stakeholders for banks to invest in the private scetor instead of government securities.
Business
Solar Power: Host Communities Trust, Partner PIND To Light Up Ikwerre Communities
Business
NDDC Intensifies Women Empowerment Initiative Across Niger Delta
