Skip to main content

Advertisement

Farmer hails President Buhari after making his first million from selling local rice

By

- President Muhammadu Buhari has been credited with turning the life of a man around

- Saeed Balogun, a farmer who claimed he held 1, 375, 000 in his hand for the first time after selling proceeds of his farm claimed the president's was significant in making it possible

- He said the president urged Nigerians to go back to the farm

A farmer, Saeed Balogun, has hailed President Muhammadu Buhari for urging Nigerians to go back to the farm.

The farmer who is believed to be from Iseyin, in Oyo state posted a picture of himself holding wads of money.

In his post on Facebook, the farmer said he had never held the sum of N1,37,5000 until he sold his rice harvest.

Balogun, who showed glowering praise on the president promised to do more next year.

"President Buhari, may God continue to bless your life and Nigeria.You advised us to go back to farm, for creation of wealth and self reliance, now this is the result.

"I never hold N1,375,000 as mine, till when I sold my rice harvest this week. I promise will do more by next year," he said.

Farmer hails President Buhari after making his first million from selling local rice

Saheed, a farmer who claimed he held 1, 375, 000 in his hand for the first time after selling proceeds of his farm claimed President Buhari was significant in making it possible. Credit: Balogun

Meanwhile, NAIJ.com had reported that the Central Bank of Nigeria (CBN) said that the production of rice in the country has increased by 70 percent.

It noted that this was as a result of the introduction of the Anchor Borrowers’ Programme (ABP) by the federal government. Chukwudum Nzelu, head of development, finance department, CBN, noted this in Calabar, Cross River state.

He further mentioned that the new scheme has improved local rice production from 30 percent to 70 percent.

PAY ATTENTION:Install our latest app for Android and read best news on Nigeria’s #1 news app

He said that if this trend is upheld, there would be an influx of jobs for many people like farmers, transporters, labourers and others in various industries.

He also mentioned that going by the large population in the country, there is already a market for rice production.

“So we did an experiment with rice through what we called the Anchor Borrowers’ programme, where a rice miller comes as an off-taker for smallholder farmers who would produce for him and then he takes from them and mills.

Nigeria’s agricultural revolution kick-starts in Nasarawa state on NAIJ.com TV:

Source: Naija.ng

Let's block ads! (Why?)

Comments

Post a Comment

Facebook

Ads

Popular posts from this blog

ScienceDaily: Latest Science News

By
ScienceDaily: Latest Science News Uncoordinated trade policies aid alien bee invasions One year posttransplant, recipients of hepatitis C kidneys disease-free Moderate blood sugar control targets recommended for most patients with type 2 diabetes 'Epigenetic landscape' is protective in normal aging, impaired in Alzheimer's disease Health data used to predict who will use opioids after hospitalization Restoring lipid synthesis could reduce lung fibrosis New dual-atom catalyst shows promise to yield clean energy by artificial photosynthesis Wildfires: Smoke and cloud interactions unexpectedly result in cooling Tropical forest response to drought depends on age How does resolving cannabis problems differ from problems with alcohol or other drugs? Roton quasiparticles observed in quantum gas Low blood sugar poses unaddressed threat to people with type 2 diabetes Genetic 'se...
Post a Comment
Read more

Seyi Makinde threatens to expose Ajimobi, claims his Government inherited N150bn debt

By
Governor Seyi Makinde of Oyo state has claimed that his administration inherited a minimum debt of N150 billion, adding that his administration is still checking the books to determine the actual total debt. Governor Makinde made the claim in a media chat on the state television on the occasion of his one month in office, The Nation reports. It was gathered that the governor threatened to expose his predecessor, Abiola Ajimobi , if he does not keep quiet about his (Makinde’s) administration. He said: “ We have confirmed N150b debt so far. We are still working to discover any other one. Some of them may be questionable. If you take bond, it is always tied to a particular project. If we want, we can do value-for-money audit.” According to Makinde, Oyo state receives N4.5b federal allocation while salaries and pensions stand at N5.5b, leaving the state with a shortage of N1b. The governor, however, said that all those facts were not big problems, adding that he would only be needing...
Post a Comment
Read more

Trade booster: Working with Finance Ministry to ease export credit, says Suresh Prabhu

By
Trade booster: Working with Finance Ministry to ease export credit, says Suresh Prabhu Export credit provided by banks fell sharply by about 51.3% to Rs 22,300 crore as of September 28 from a year earlier. The commerce ministry is closely working with the finance ministry to ease credit flow to the export sector, commerce and industry minister Suresh Prabhu said on Tuesday. “One of the main challenges for export is finance. There is a decline in (export) finance, so we have taken up the issue with the finance ministry…I think, the finance minister is also looking into this (as in) how we can improve the credit flow into the export sector,” Prabhu told reporters. Federation of Indian Export Organisations (FIEO) President Ganesh Gupta has been seeking adequate credit to exporters on grounds that lack of adequate loans would crimp the growth of exports. India’s exports have been hovering around $300 billion a year since 2011-12, without substantial growth. Read also |  World’s highest...
Post a Comment
Read more