NALDA To Crash Maize, Rice Prices Across Nigeria

*Commences Harvest From Farm Estates The National Land Development Agency (NALDA) is set to crash the price of maize and rice as it commences crop harvest from its farm estates across Nigeria. The Agency has farm estates across Nigeria has achieved tremendous success in both farms built and run solely by the agency and in collaboration with private and public institutions across the six geopolitical zones. Harvesting, bagging and storing of rice and maize are currently ongoing in Niger, Nasarawa, Benue, and Oyo states. The agency targets 150 metric tons of maize while the faro 44 and 59 rice cultivated at Nasarawa state is expected to yield over 300 metric tons of paddies. Harvesting and bagging have also ongoing in the NALDA-cultivated 150-hectare rice farm in Gboko, Benue State. According to the agency, it is anticipated that the harvests will boost Nigeria’s grain supply (rice and maize), which will have a big effect on the value chains. Evidence from states during the media tour of harvest activities at farm sites showed that the harvests will help to reduce the gap in domestic production and supply of rice and maize. Speaking with journalists, NALDA Executive Secretary, Prince Paul Ikonne, said the harvest will be released into the markets immediately as it would greatly assist in cushioning the effects of high food prices. In Bauchi State, maize harvest is ongoing at the well-equipped NALDA farm estate located at Galambi. Although the overall land area is 500 hectares, 50 hectares were cultivated due to a 15-day rain delay and a late start to activities. The farm is equipped with four tractors, two maize threshers, planters, boom sprayers, maize harvesters, and a finished grain warehouse. The Bauchi State Coordinator for NALDA is Jalaludeen Muhammad Mu’Azu. said that the NALDA farm will boost significant production in the area because no farms in the state possessed such machinery. Head, Department of Engineering, at NALDA, Engineer Owolabi Matthew Olusegun, speaking with journalists about the level of mechanisation on the farm expresses joy at the level of impact the harvest will have on the Nigeria economy. “This is what we have been preaching, and it is proof that Nigeria is capable of doing so, as you have witnessed firsthand at NALDA Farm. With this, you can see how much labour we have removed, how much drudgery has been eliminated, and how the entire process has been streamlined. “We are therefore appealing to the federal government to invest more in NALDA. We are ready to replicate this farm all over the country. With this we can increase the acreage to ensure that we get food self-sufficiency. We can do it and we are doing it,” he said. According to Mu’Azu, the crop’s success has already piqued the interest of farmers in the surrounding farming communities. He explained that the entire farm operation was entirely mechanized, from harrowing to planting to spraying fertilizer with a 400-litre capacity boom sprayer and machinery for weeding and harvesting. According to him, “we have just started our harvest and you know this is the first time we are farming here. From the stories that we heard from people, there is a particular place they showed us that since they came here 40 years ago, they have never seen maize production that can be compared to our own.”

Exclusive: ABP Failure: FG, RIFAN Initiate Nationwide Loan Recovery Drive

*Orders formation of loan recovery taskforce nationwide In the wake of the Federal Government’s recent threat to recover loans issued to Nigerians during the previous administration, the Rice Farmers Association of Nigeria (RIFAN) has taken swift action by issuing a directive to its members nationwide to reclaim loans disbursed to farmers during the 2018-2021 cropping seasons under the Anchor Borrowers’ Program (ABP). At inception in late 2015, the Central Bank of Nigeria (CBN) had said the programme thrust of the ABP is the provision of farm inputs in kind and cash (for farm labour) to smallholder farmers to boost production of these commodities, stabilise inputs supply to agro-processors and address the country’s negative balance of payments on food. By 2022, at least 4.8 million people had benefitted from the Anchor Borrowers Programme, authorities said at the unveiling of stacked paddy rice pyramids produced by rice farmers under the ABP initiative. While some beneficiaries have cited insecurity, flooding, climate change and crop failure as reasons for their inability to repay the loans, government officials have said that while the farmers’ reasons are somewhat valid, many of the farmers saw the loans as ‘their share of the national cake’ which do not need to be repaid. But the programme has been marred by loan default, even as food prices rose significantly within the years it took effect. There are also reports that several farmers collected the loan to travel to Hajj or married additional wives from the proceeds of the Anchor Borrowers Programme. This, among other reasons, is why authorities resolved to take legal action. “We find it very difficult to recover this loan,” Sahabi Augie, the immediate past Chairman of the Kebbi State chapter of the Rice Farmer Association of Nigeria (RIFAN), had said. In a recent report on Nigeria, the International Monetary Fund (IMF) said that only 24% of loans under the ABP had been repaid. The CBN, however, disagreed with the IMF, saying N503 billion of loans under the ABP had been repaid. This figure represents 52.39% of the total loans collected by farmers under the programme, according to the bank. But a recent statement from CBN’s corporate communications department restated that only 48 per cent of the loan has not been repaid. The CBN said it released N1.079 trillion under the programme, out of which over N500 billion is due for repayment. Interestingly, the All Farmers’ Association of Nigeria (AFAN) seemed to tilt towards the IMF when, in December 2022, it said the CBN was having difficulties recovering the loans because most beneficiaries of the ABP were not Nigerian farmers. Experts believe the failure of farmers who benefitted from the ABP to repay more than N500 billion extended to them by the CBN underscores a weakness in the initiative. However, the critical decision to set up a taskforce and recover the loans by all means is following a high-level executive meeting between RIFAN and the Department of State Security (DSS) on August 29, 2023. During the meeting, the recovery of loans issued to rice farmers between 2018 and 2021 was discussed extensively, leading to the issuance of a directive by RIFAN’s top leadership. In the confidential memo addressed to RIFAN members, which was leaked to the NIGERIAN ANCHOR, Aminu Mohammed Goronyo, the National President of RIFAN, and Chief Livinus Ngwangwa, the National Secretary, provided detailed instructions on how the loan recovery process should proceed: “Immediate Loan Recovery: All loans disbursed to beneficiary farmers from 2018 to the present date must be swiftly and effectively recovered. Farmers are given the flexibility to repay in either cash or paddy. “Loan Repayment Account: Beneficiary farmers are required to channel their loan repayments to the designated loan recovery account: Account Name: RIFAN 2020/2021 Wet Season; Account Number: 0054122612; Bank: Unity Bank PLC. “Documentation: Farmers are mandated to ensure that copies of their loan repayment records are sent promptly to RIFAN Headquarters. This documentation process is essential for maintaining accurate records. “Recovery Task Force: RIFAN state chapters have been instructed to establish a dedicated recovery task force without delay. These task forces will work in close collaboration with law enforcement agencies, including the police, Department of State Security (DSS), Nigerian Civil Defense, and local traditional rulers, to oversee and facilitate the loan recovery process,” the memo instructed. Beneficiary farmers were encouraged to fully cooperate with their respective RIFAN state chapters to facilitate the successful recovery of loans in adherence to the provided directives. For additional information and updates, beneficiaries are advised to contact their local RIFAN chapter or visit the RIFAN website. RIFAN Contact Information: Website: www.rifan.ng, Email: info@rifan.ng. The Rice Farmers Association of Nigeria (RIFAN) is a prominent agricultural organization dedicated to supporting and advancing rice farming in Nigeria. RIFAN plays a pivotal role in facilitating the Anchor Borrowers’ Program (ABP) to empower rice farmers and enhance food security in Nigeria.