• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, July 4, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

Unity Bank partners with RIFAN to unveil mega rice pyramid

Rice

The Matters Press by The Matters Press
January 19, 2022
Reading Time: 2 mins read
0
Kebbi displays rice, products of Anchor borrowers programme


Unity Bank Plc has partnered with Nigerian rice farmers under the aegis of Rice Farmers Association of Nigeria (RIFAN) to unveil a mega rice pyramid at the National Rice Festival.

RELATED POSTS

Nigeria’s approval of dual NCE, B.Ed degrees in 15 colleges of education a good omen

Nasarawa showcases efficient use of fuel subsidy savings, exposes futility of Tinubu’s opposition’s mischief – TDF

Transformational in FCT in line with Tinubu’s Renewed Hope agenda

The Managing Director/Chief Executive Officer, Unity Bank, Mrs Tomi Somefun, at the festival on Tuesday in Abuja commended rice farmers for the collaboration in the implementation of the Anchor Borrowers’ Programme (ABP).

Somefun said that the bank would continue to support the farmers and ensure that more smallholder farmers get the requisite financial support to boost rice production.

She said: “Our strategic partnership with RIFAN started in 2018, when we financed about 273,000 smallholder farmers.

“This was the largest single-ticket transaction in that year. This financing cut across 33 states of the federation including the Federal Capital Territory (FCT).

“In 2019, the bank increased the tally by financing another 146,810 smallholder farmers for the wet and dry season farming.

“Additional funding was granted to finance additional 221,450 smallholder farmers of the association across the 32 states of the federation including FCT for the wet season and additional 300,000 hectares was financed in 16 states for the 2020 dry season cropping season.

“As of March 2021, the bank has financed no fewer than 190,000 smallholder rice farmers across 35 states including the FCT,” she said.

Somefun said: “The rice pyramids we see here today is an example of the resilience of the farmers and should be replicated in all states with a focus on the crop they have a competitive advantage.

“As we gear the programme toward deepening its penetration to reach more farmers, we encourage all beneficiaries of the intervention programme to always utilise the inputs judiciously,” she said.

Somefun noted that such move will make them to key into Federal Government’s goal of attaining food sufficiency, diversification of the economy from oil, job creation for the teeming youth and poverty reduction.

“We remain optimistic that RIFAN under the able leadership of the National President, Aminu Goronyo, will continue to engage its members to drive higher performance under the ABP.

“Through the strategic initiative of the ABP, Nigeria has made incredible gains in rice production over the past six years raising production to significant levels,” she noted.

According to her, official reports show that from an average yield of 1.8 metric tonnes per hectare in the pre-ABP era, the initiative has increased the country’s average yield per hectare for rice paddy and maize to about five metric tonnes per hectare.

She added that the average capacity utilisation per annum of domestic integrated rice mills had jumped to 90 per cent, from the 30 per cent that was the case in the era preceding the advent of the ABP.

Somefun said that the programme had created an estimated 12.3 million direct and indirect jobs across the different value chains and food belts of the country.

Statistics show that there has been a significant reduction in the country’s rice import bill, from a monstrous 1.05 billion dollars prior to November 2015, to the current figure of 18.50 million dollars annually.

Tags: Rice
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Salvaging basic education from ruins of Boko Haram war in Borno
Economy/Technology

Nigeria’s approval of dual NCE, B.Ed degrees in 15 colleges of education a good omen

July 3, 2025
Group hails Presidential Council initiative, welcomes President Tinubu’s N2tn stabilisation package
Economy/Technology

Nasarawa showcases efficient use of fuel subsidy savings, exposes futility of Tinubu’s opposition’s mischief – TDF

July 1, 2025
Property owners besiege FCT office to pay ground rent
Economy/Technology

Transformational in FCT in line with Tinubu’s Renewed Hope agenda

June 30, 2025
China’s agricultural wholesale products prices continue to drop
Agriculture

Ignore Atiku’s claim to dilute historic mechanised farming deal with Belarus

June 29, 2025
$2.5 billion JBS investment, a big economic victory for Nigeria –  TDF
Economy/Technology

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

June 27, 2025
ActionAid, SWOFON call for urgent completion of BOA recapitalisation
Agriculture

N1.5trn recapitalisation of Agric bank will herald food security – TMV

June 26, 2025
Next Post
Dangote Cement commences Tranche II share buyback

Dangote vows to make its cement a household name in Nigeria

EU not planning to ban Nigeria’s Cocoa

Nigeria’s cocoa farmers target more production

Recommended Stories

Nigeria’s food monthly imports dip

Slash in bank charges spur cashless policy

December 23, 2019
Africa needs partnership to boost blue economy – Tinubu

Nigeria’s fiscal policies hurting but …. Tinubu

January 1, 2024
Nigeria to reunite rescued students with parents after recovering from fatigue

How to Apply: Nigeria opens portal for first phase of students loan application

May 24, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Nigeria’s approval of dual NCE, B.Ed degrees in 15 colleges of education a good omen
  • Nasarawa showcases efficient use of fuel subsidy savings, exposes futility of Tinubu’s opposition’s mischief – TDF
  • Transformational in FCT in line with Tinubu’s Renewed Hope agenda

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us