Business
Rice Farmers Hail FG’s Anchor Borrowers Programme
Rice farmers in Mani Local Government Area of Katsina State have commended the Federal Government for its agricultural initiatives, especially the Anchor Borrowers Programme (ABP).
The Chairman of Rice Farmers Association in Nigeria (RIFAN) in Mani Local Government Area (LGA), Jamilu Ibrahim-Boyi, conveyed the commendation in an interview with newsmen in Mani, yesterday.
He said that under the programme, many farmers in the rural areas were able to access farm inputs easily, adding that the feat had led to an increase in rice production in the council area.
He described the ABP as a life-saving programme, considering the millions of farmers who were participating in the programme nationwide.
Ibrahim-Boyi noted that the programme had created some wealthy farmers, adding that rice farmers would continue to support the government’s efforts to make Nigeria to attain food security.
He said that more than 1,000 farmers in Mani LGA had benefited from the supply of agricultural inputs under the programme.
He said that each farmer was provided with bags of fertilisers as well as insecticides, herbicides, sprayers, seedlings and water pumping machines.
Ibrahim-Boyi said that 295 rice farmers were registered under the first phase of the programme in the last dry season farming, stressing that loan repayment had reached 40 per cent.
He added that the association had received 350 bags of paddy rice as loan repayment.
He said that 115 farmers were registered during the last wet season farming and the beneficiaries were given assorted agricultural inputs.
Ibrahim-Boyi said that the association then received 120 bags of paddy from the registered farmers as loan repayment.
He pledged that the association would continue to monitor the implementation of the ABP, saying: “We would not hesitate to confiscate the implements of any erring farmer and sanction him.’’
Cornerstone of Financial Services
A survey of more than 1 000 global finance leaders undertaken by digital payment network Ripple shows that 72% of respondents believe they need to offer a digital asset solution to remain competitive.
According to Ripple, leaders from the banking, fintech, corporate and asset management sector have made it clear that the “digital asset revolution is happening now”.
“Digital assets are quickly becoming a cornerstone of financial services, underpinned by progressive regulation, growing interest from Tier-1 banks, a steady consumer shift from banks to fintech providers, and booming stablecoin adoption,” Ripple says.
The survey was conducted in early 2026 and the findings released in March.
Stablecoin Boon or Bane?
Ripple has experienced significant success in the stablecoin sector since launching its Ripple USD (RLUSD) stablecoin in 2024.
With a market cap of $1.56 billion, it is considered a major regulated player in the market.
No doubt the platform was pleased to learn through its own survey that financial leaders were most bullish about stablecoins.
Roughly three-quarters of respondents believed they could boost cash-flow efficiency and unlock trapped working capital.
Ripple noted that finance leaders were thinking about stablecoins as more than “just a new way to execute payments”; instead, they viewed them as effective tools for treasury management.
In March 2026, Ripple began testing a new trade finance model built around RLUSD in a bid to increase the speed of cross-border payments.
The pilot initiative, developed alongside supply chain finance company Unloq [https://unloq.com], is running on the XRP Ledger inside a testing framework developed by the Monetary Authority of Singapore.
The Asian city-state is one of the platform’s biggest growth markets.
The idea behind the project is to see whether stablecoin-based settlement can streamline trade finance, too often hampered by reliance on intermediaries and slow reconciliation.
The only potential drawback is that if the initiative takes off, the Ripple to USD price could be negatively affected.
Ripple has always championed its native XRP token as a bridge asset, the “middleman” in the process of a financial institution turning dollars in the US into pounds in the UK, for example.
Ripple converts dollars into XRP and then back into pounds.
If RLUSD can do exactly the same thing, questions will be asked about XRP’s relevance.
That is a bridge Ripple will have to cross if it gets to that point.
Tokenisation Partners
Another interesting finding from Ripple’s survey is that most banks and asset managers are seeking tokenisation partners to help execute their strategies.
Some 89% of respondents said digital asset storage and custody were top priority. “Token servicing/lifecycle management also ranks highly for banks at 82%, while asset managers place greater emphasis on primary distribution at 80%,” Ripple found.
The survey also revealed that just more than half of fintechs and financial institutions want an infrastructure provider that can offer a “one-stop-shop solution”. This rose to 71% among corporate financial leaders.
Ripple attributes this to institutions and firms wanting uncomplicated, cohesive systems.
Infrastructure Rules
In its final analysis, Ripple says companies across the board are looking for partners and solutions that are “secure, compliant, battle-tested and that enable growth and execution”.
“The message is clear: infrastructure decisions made today will shape competitive positioning tomorrow.”
No surprise that this is precisely where Ripple is placing much of its focus.
