CBN approves N75billion loan for agricultural lending in states, Abuja

The Central Bank of Nigeria (CBN) has approved the disbursement of about N75billion as loan to farmers in the 36 states and the Federal Capital Territory (FCT) under the Nigerian Incentive-Based Risk Sharing in Agricultural Lending (NIRSAL). The loan guarantee scheme is a public-private sector initiative set up to transform the country’s agricultural sector. It […]

Number of poor Nigerians rises to 91 million —World Poverty Clock

The number of extremely poor Nigerians has risen to 91.6 million, according to the World Poverty Clock. This implies that virtually half of Nigeria’s population now live in extreme poverty. The World Poverty Clock had named Nigeria the poverty capital of the world last June when it revealed that Nigeria had 87 million people living […]