Skip to content
August 31, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • 17,400 rice farmers to benefit from N4billion CBN loan for dry season farming in Katsina -RFIAN
  • National News

17,400 rice farmers to benefit from N4billion CBN loan for dry season farming in Katsina -RFIAN

Admin March 6, 2018

Rice Farm

March 6, 2018

Rice Farm

Alhaji Shaibu Wakili, Chairman, Rice Farmers Association of Nigeria (RIFAN) in Katsina State has said that 17,400 rice farmers had been registered to benefit from the N4 billion loan package for dry season farming.

The Central Bank of Nigeria (CBN) has recently approved N4 billion loan package for dry season rice farmers in the state to enable them boost their production.

Fielding questions with the News Agency of Nigeria (NAN) on Tuesday, Wakili said under the facility, each farmer was expected to cultivate between one and five hectares of land.

He said that each farmer would receive inputs, worth N276, 200 for the cultivation of the crop.

The inputs include seeds, fertiliser, spraying machine, liquid fertiliser, insecticide, water pumping machine and empty bags among others.

According to him, the companies contracted to supply inputs had delivered over 70 per cent of the items to various centres.

He listed the centres to include Katsina, Daura, Kankia, Dutsin-ma, Malumfashi and Funtua.

Wakili said the programme aimed at improving rice production, reducing poverty and empowering the farmers.

He said the farmers would start to repay the loan after harvesting their produce.

The chairman said RIFAN had conducted a survey on the location and size of farmlands of the registered beneficiaries.

“We have captured information about farmers pertaining to the location of their farm and what they are entitled to,’’ he said.

He said that with the success of the programme, Nigeria could be able to produce enough rice for domestic consumption and for export.

“We want to ensure that we produce the rice we consume in Nigeria by empowering our local farmers through the programme.’’

He told NAN that a two per cent insurance cover is expected to be paid to the Nigerian Agricultural Insurance Cooperation (NAIC) by each benefiting farmer.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: 17400 rice farmers Alhaji Shaibu Wakili Central Bank of Nigeria CBN Chairman Rice Farmers Association of Nigeria (RIFAN) N4 billion naira loan package for dry season rice farmers Nigerian Agricultural Insurance Cooperation (NAIC) Rice Farmers Association of Nigeria (RIFAN)

Post navigation

Previous Senate receives report to grant Nigerian Financial Intelligence Unit autonomy
Next Reps urge CBN to recognise NIMC slip for official transaction

Related Stories

Military deactivates 21 illegal refining sites, recovers 696,800 litres of stolen crude — DHQ
  • National News

Military deactivates 21 illegal refining sites, recovers 696,800 litres of stolen crude — DHQ

August 31, 2026
EFCC ​‌‌‌⁠‍‍⁠⁠‌‍​⁠‌​⁠‍‌‌​dismisses over 40 staff for corruption, prosecutes 5 others Scammers
  • National News

EFCC ​‌‌‌⁠‍‍⁠⁠‌‍​⁠‌​⁠‍‌‌​dismisses over 40 staff for corruption, prosecutes 5 others

August 31, 2026
Troops neutralise 114 terrorists, rescue 60 abducted persons in August — DHQ onyeuko
  • National News

Troops neutralise 114 terrorists, rescue 60 abducted persons in August — DHQ

August 31, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Military deactivates 21 illegal refining sites, recovers 696,800 litres of stolen crude — DHQ
  • National News

Military deactivates 21 illegal refining sites, recovers 696,800 litres of stolen crude — DHQ

August 31, 2026
EFCC ​‌‌‌⁠‍‍⁠⁠‌‍​⁠‌​⁠‍‌‌​dismisses over 40 staff for corruption, prosecutes 5 others Scammers
  • National News

EFCC ​‌‌‌⁠‍‍⁠⁠‌‍​⁠‌​⁠‍‌‌​dismisses over 40 staff for corruption, prosecutes 5 others

August 31, 2026
26 vessels expected at Lagos ports – NPA greater efficiency
  • Business & Economy

26 vessels expected at Lagos ports – NPA

August 31, 2026
Troops neutralise 114 terrorists, rescue 60 abducted persons in August — DHQ onyeuko
  • National News

Troops neutralise 114 terrorists, rescue 60 abducted persons in August — DHQ

August 31, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.