Science & Technology

Cotton Association urges FG to sustain Anchor Borrowers Programme



The National Cotton Association of Nigeria(NACOTAN), has lauded the Federal Government’s Anchor Borrowers’ Programme(ABP), saying it was the best agricultural programme so far launched in the country.

NACOTAN President, Mr Anibe Achimugu, said this in an interview with the News Agency of Nigeria on Saturday in Abuja.

Achimugu said the programme had became a game changer in the agriculture sector.

He said the implementation of the programme by the Central Bank of Nigeria (CBN) through partnership with commodity associations and other stakeholders was commendable as it has created value chain in the agriculture sector.

“When I’m talking about value chain, I’m not just talking about one sector, I mean all the sectors within the value chain,’’ he said.

The NACOTAN president, also Managing Director, Arewa Cotton, said that the programme had motivated farmers for better production by providing them with enough quantities of inputs as well as supporting them with training.

Achimugu said the ABP had also ensured that farmers were supported with insurance cover as well as extension services.

According to him, farmers will feel comfortable in cultivating crops because they know that there is a market at the end of the day.

“A farmer will not have to struggle to look for who will either buy his products or the pricing which is also considered in the ABP.

“ In short, it’s like minimum guarantee price for the farmer who only have to essentially decide what crop he needs to plant.

“Informed planting decision is important to the farmer, because with the market and pricing in place, farmers will keep on farming a particular crop as well as keep them coming back,” Achimugu said.

He said that with those variables already taken care of, sustainability would have been created in a particular crop in terms of productivity in that line.

He said from the cotton seeds production in 2019, Nigerian farmers have already produced beyond the capacities of textile mills in the country.

Achimugu said that the CBN has been able to achieve a milestone by linking personnel of the armed forces and the paramilitary into the programme.

He said the organisations now source their fabrics for uniforms directly from Nigerian cotton.

“For me, that’s a difficult milestone that has been achieved and I will tell you also that the ABP has been able to address import substitution,’’ he said.

Achimugu commended the Buhari led administration for initiating the programme and urged the government to sustain it and the value chain strategy already adopted.

“This direct intervention, not only in agriculture which is major, but in areas that we know, will impact on our economy, will impact on the lives of many Nigerians and government, should continue,’’ he said.


Edited By: Kevin Okunzuwa/Ali Baba-Inuwa
Source: NAN








Surprise package Cadiz join Real Sociedad on top of La Liga Neymar out until at least mid-November, PSG coach says Schalke 04 re-signs jungler “Gilius” Schalke 04 held by Stuttgart as winless run stretches to 22 games NCDC confirms 170 new COVID-19 cases, 3 deaths Wolves beat Crystal Palace to climb to third in EPL Ex-lawmaker urges Ogun, Lagos govts to repair Abeokuta expressway Looters of NYSC camp will be apprehended, prosecuted, says police chief Flood: Bayelsa Govt begins technical study to tackle impact FG vows to discourage physicians’ “brain drain” from the country UN Chief calls for peaceful presidential polls in Ivory Coast Top two seeds Djokovic, Thiem ousted in Vienna Open quarter-finals COVID-19: Expert calls for campaign to help uplift Nigerians’ spirits. Curfew forces Belgium to move home venue for internationals Minister condemns destruction of medical equipment in Kogi Ronaldo recovers from COVID-19 infection England’s “Toothless Tiger” dies at 78 #EndSARS: Gov. Okowa says Nigerians need collective responsibility to rebuild the nation #ENDSARS: FRSC boss orders immediate resumption of operational activities EndSARS: Police say protesters attacked 205 public, private facilities Ekiti APC felicitates with ABUAD Founder, S’East governors, youths call for reduction of security roadblocks in region Makinde’s administration has paid N2.9 bn gratuity – Commissioner CSO calls for effective management, prioritisation of water, sanitation Senator extols virtues of Afe Babalola at 91 Gov. Akeredolu orders 7-day ultimatum for surrender of arms, ammunition in wrong hands President Buhari welcomes international partnership to spur development Navy Sailing Club to stage 3 races in November Feb. 23 fixed for Akeredolu’s inauguration for second term in office Klopp seeking solutions after Van Dijk surgery, Fabinho injury hamper Liverpool defence EndSARS: NGO wants Lagos panel to summon promoters of fake news ECOWAS to strengthen institutions to combat organised crimes United States stocks fall, indices head for weekly losses as virus cases spike UNESCO approves 3 additional biosphere reserves for Nigeria 2 teenagers found dead on Greek island after major quake Delta Schools resume, begin teleclass Nov. 2 – Commissioner Hold public office holders accountable to the people’- Gov. Wike charges NGE Mayhem: How we secured Surulere from hoodlums — Lagos youth leader Africa CDC warns of second wave of COVID-19 infections in Africa LASG flags off Eti-Osa-Lekki-Epe Expressway reconstruction project Sunday UN lauds FG for implementing programmes on women Protest: NASS C/River Caucus sues for peace Reps committee restates commitment to enforcing code of conduct Netherlands reports over 11,000 new infections for first time Coronavirus, social distancing and the Nigerian Women Entrepreneurs NAHCON mourns President of Hajj operators Zambian leader defends investments in road works Water Resources Control Bill: Minister decries misinformation of Nigerians Expert tasks mothers on child-spacing  Police inaugurate committee to assess losses during #EndSARS protest