Business
Insecurity May Cause Food Shortages In Nigeria – AFAN
The All-Farmers Association of Nigeria (AFAN) in Niger has said that the security challenges facing the state may lead to food shortages, in the state and Nigeria at large, if not tackled by the government, as farmers were unable to access their farms.
The state AFAN Chairman, Alhaji Shehu Galadima, stated this on Monday in an in Minna, while speaking with newsmen.
Galadima said that suspected bandits and kidnappers had been laying siege on many farm locations and communities across the state since 2020, preventing farmers from accessing their fertile farms in the forest areas.
“As far as AFAN is concerned, insecurity has been our main problem for some time now in Niger state. Insecurity increased right from 2020 stopping our farmers from accessing the real fertile lands in the forest areas.
“After cultivation in 2020, the bandits prevented our farmers from harvesting their farm produce; unless you pay ransom or give them half of what you harvested before you are allowed to go,” he said.
He said that many of the farmers were kidnapped last year and huge ransoms paid before they were freed, while some of them lost their lives and some women farmers raped.
“Many of our members are still in Internally Displaced Persons (IDPs) camps across the state since 2020.
“They attempted going back to their homes, to enable them return to their farms, but the bandits will not allow them,” he said.
The AFAN chairman expressed concern over the menace, saying that if the federal and state governments failed to stop the kidnappings and banditry, there may be food shortage in the state which may also affect the country at large.
“There may be food shortage this year in Niger state and Nigeria, which will result in hunger and starvation if nothing is done to stop bandits and kidnappers from unleashing mayhem on our rural communities,” he said.
He noted that activities of the suspected bandits had impoverished many farmers, as they continued to pay ransoms with the little funds they had set aside for their farming activities.
“You know that the rural farmers find it difficult to access loans and grants due to the bottlenecks surrounding the interventions,” he said.
He urged government to train the local vigilantes (local security) and arm them to work with the conventional security agencies to tackle the menace.
Galadima also called on the government to train the agro-rangers to help security agencies to secure the rural areas and forests against activities of the bandits.
He said that there was need for Nigerians, irrespective of tribe and religion, to rise against insecurity across the country and not to leave it to government alone to enable the people return to normal their lives.
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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