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CBN Earmarks N41bn through Heritage Bank for Dry Season Wheat Projects’ Farming
In a bid to meet high demand amid poor production capacity of wheat, the Central Bank of Nigeria earmarked a whopping sum of N41billion, which is being disbursed by Heritage Bank Plc to farmers across multiple States for the expansion of wheat production project.
The disbursed fund is to consummate the expansion of Wheat Seed Multiplication Project, as part of the CBN’s Brown Revolution Initiative, an intervention programme to flag-off and support the commencement of dry season wheat farming across States in Nigeria.
Speaking on this laudable initiative, Godwin Emefiele, Governor of CBN, disclosed that this move was part of the apex bank’s intervention to address the challenges in Wheat value chain, thereby increasing the domestic production of wheat and closing the wide supply gap inherited in Nigeria agricultural space.
According to him, following the successes in the Anchor Borrowers’ Programme (ABP), the apex bank decided to extend the gains recorded in rice and maize value chains to wheat production.
He said the programme would benefit over 150,000 farmers.
He also said the programme would be implemented in 15 states on about 180,000 hectares of land.
Emefiele said the apex bank sought to save $2 billion spent on importing five million metric tons of wheat annually through the intervention.
“Wheat is the third most widely consumed grain in Nigeria after maize and rice. It is estimated that the country only produces about one per cent (63,000 metric tons) of the 5-6 million metric tons of the commodity consumed annually in Nigeria,” he said.
“This enormous demand-supply gap is bridged with over $2 billion spent annually on wheat importation. This has made wheat the second highest contributor to the country’s food import bill.”
He said that unless the issue was addressed, the increasing demand would add more problems to the country’s reserves.
“Given the high growth rate of the country’s population and the demographic structure, the demand for wheat is projected to continue to rise. This can only intensify pressure on the country’s reserves unless we take a decisive step to grow wheat locally,” Emefiele said.Brown Revolution Initiative
He said the programme was expected to add about 2,000 metric tons of seeds to the nation’s national seed stock and potentially add 750,000 metric tonnes of wheat to national output annually through rain-fed wheat cultivation in Plateau, Mambila Plateau and Obudu Plateau in the short-term.
Meanwhile, Heritage Bank adopted more functional measures by registering the wheat farmers on the Lagos Commodities and Futures Exchange (LCFE) platform in order to ensure due diligence on loan administration, monitoring and recovery, which would bring about increase in the domestic production of wheat.
In agreement with the CBN Governor’s view, MD/CEO of Heritage Bank, Ifie Sekibo that the Brown Revolution Initiative would help reduce the nation’s food import bill by increasing wheat production, create market linkages between smallholders farmers and Anchors/Processors, create an ecosystem that drives value chain financing, improve access to credit by the smallholder farmers by developing credit history through the scheme and many more.
Narrating some of the feats achieved, Sekibo who was represented by the Divisional Head, Agribusiness, Natural Resources & Project Development, Heritage Bank, Olugbenga Awe said that as a bank it partnered with CBN to ensure wheat planting on wet and dry seasons.
What we want to achieve is to end importation of seeds and make Nigeria self-sufficient in wheat production.
“We are working with about 30 firms focusing only on seed production and also working with CBN to make sure we register all farmers. We believe working with LCFE will move Nigerian farmers from informal approach to a structured approach”, he said.
He further explained that whilst riding on the success of the wet season, “we decided to focus on the dry season which comes naturally to our people. As a bank, we are working on two things; one is to ensure the continuous multiplication of seeds and the other is to focus on the grains.
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Field Launches Service to Tackle Maternal Mortality Crisis in Africa with $11M Backing
Field, African healthtech company, has today announced the launch of a route-to-market service that will introduce emerging therapies to tackle the urgency of maternal mortality, newborn and child health, along with nutrition.
The initiative will leverage Field’s proprietary technology, distribution, and financing services, which today powers a network of over 40,000 private and public healthcare providers in rural and urban areas across Kenya and Nigeria.
The initiative launches with an initial $11m in support from the Bill & Melinda Gates Foundation, in recognition of Field’s commitment to introduce emerging therapies and supply chain transformation in combating Africa’s most urgent health priorities.
Since its inception in 2015, Field’s streamlined infrastructure has facilitated over 800 million health interventions across more than 60 therapeutic areas, such as family planning, HIV and Tuberculosis. Starting in Kenya and Nigeria, with scope to expand to other regions.
Field will advance on its unique capabilities within complex distribution channels to create an accelerated route to market for emerging therapies and technologies.
This is to include an extensive digitisation overhaul for private healthcare providers, hospitals and healthcare bodies at State and Federal level, with financing options to strengthen operations and purchasing capabilities.
Additionally, healthcare providers stand to benefit from last-mile delivery to improve day-to-day health services and the installation of pharma-grade refrigerators.
In its entirety, the service will be reinforced by the establishment of a coalition to include governments, manufacturers and other key stakeholders for one of the continent’s most ambitious maternal health programs to-date.
Maternal mortality is one of the continent’s most pressing healthcare challenges. The likelihood that a woman will die in childbirth in Africa is 45x higher than in Europe.
According to the World Health Organisation (WHO), Africa accounted for 69% of global maternal deaths, with Nigeria alone representing 29% of all maternal deaths worldwide in 2020.
Field’s service will provide expectant mothers in Africa access to emerging therapies such as heat-stable carbetocin and calibrated drapes, which detect and treat postpartum haemorrhage, the leading cause of maternal mortality in Africa. The platform will accelerate these new interventions, support established therapies, and address related complications like preeclampsia.
The consequences of poor or non-existent maternal health services will affect the most vulnerable sections of Africa’s population. Speaking on the initiative, Michael Moreland, CEO & Founder of Field, says, “This is public health powered by technology and today’s news recognises the products and services that Field has built over the past eight years scaled and integrated into large-scale public health programs; this is what we believe health technology companies should be doing; joining innovative, impactful coalitions between private and public entities”.
“Digitally powering, networking, and financing health systems at scale will have an overwhelmingly positive effect on access to quality care. With funding from the Bill & Melinda Gates Foundation we are set to rapidly improve mother and child survival in every setting .’’
A number of global pharma and health companies have exited the continent in the past 18 months. Moreland adds, “We’ve seen genuine, meaningful gains being made in healthcare delivery outcomes, however in this current tough economic climate, without coordinated systems and processes, the progress will slow or slip.
Alongside our funders, our role is to ensure this doesn’t happen because the problems the healthcare space is facing will not be solved on its own. This is where Field, and its funders, come in and we’re excited to get to work on this technology-powered infrastructure blueprint for public health services”.
In addition to this new initiative, Field continues to grow and scale its technology solutions across the continent. In Field Supply, it has created the largest pharmaceutical supply chain platform in Africa.
Its distribution service Shelf Life distributes over 3,000 quality products across more than 50 therapeutic areas, reaching over 2,500 pharmacies and hospitals in 24 cities in Nigeria and Kenya, including government facilities, large hospital systems, retail chains, insurance companies and family-operated drug stores.
The platform also provides trade financing solutions for priority therapies and equipment that addresses working capital constraints that often hinder investment in new medical interventions.
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Kaspersky Discloses Fraudulent Campaigns Targeting Students and Educators
As the international back-to-school season starts, Kaspersky’s cybersecurity experts have detected a significant surge in fraudulent activities. Cybercriminals exploit academic topics, launching sophisticated phishing campaigns.
However, Kaspersky experts warn that this year, the campaigns have become more targeted, specifically aiming to steal personal data from students, educators, and administrators in the educational sector.
Fraudsters are increasingly leveraging data collection forms on platforms like SurveyHeart.com, a questionnaire like Google Forms, to carry out scams.
In one such scheme – a phishing attack that targets students at Neumann University in the U.S. – victims receive a notification claiming they are using two different Microsoft school emails across various university portals.
To prevent their Office 365 account from being deactivated, they are asked to complete a survey requiring sensitive details such as their name, phone number, university email, and account password.
Another scam uncovered by Kaspersky experts involves fraudsters creating fake giveaways that promise students a chance to win various high-end gadgets useful for education, from iPhones to iPads and laptops.
To enter these enticing contests, victims are asked to provide personal information and indicate their preferred laptop model.
Additionally, individuals are prompted to share a link to a prize-draw page with 15 contacts via WhatsApp. While the prospect of winning a valuable item like a laptop is the lure, there’s a hidden catch: the so-called winners are told they must pay for the delivery of their prizes. This demand for additional payment is a clear red flag that the giveaway is a scam.
The offer may seem tempting, but the combination of an unusually generous prize and the requirement to cover delivery costs is a telltale sign of fraudulent activity.
“These scams go beyond immediate data theft and could lead to more serious, long-term consequences,” cautions Olga Svistunova, a security expert at Kaspersky.
“If attackers gain access to private school information, such as class schedules, it could be exploited for doxing, stalking, cyberbullying, or even identity theft. It’s essential for students to be vigilant and cautious when responding to such suspicious notifications.”
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CAA Launches SOS Webinar Series to Unveil Climate Action @Subnational Level
Climate Action Africa is proud to announce the launch of Scorecard of States (SOS) Webinar Series, set to debut on Thursday, 26 September 2024, with the theme: Unveiling Climate Action at the Subnational Level. This initiative is a crucial step in advancing climate resilience and fostering eco-conscious communities across Nigeria, focusing on the pivotal role of subnational governments in driving climate action.
As Nigeria continues to take proactive steps towards addressing climate change, the recent 2024 Climate Governance Performance Ranking report has spotlighted the diverse performance of Nigeria’s 36 states. Notably, Lagos, Gombe, and Ebonyi have emerged as top performers, demonstrating significant progress in institutional arrangements and project implementation. While these successes are commendable, they also highlight the ongoing need for dialogue, collaboration, and innovation to further enhance climate action at the state level.
The SOS Webinar Series by Climate Action Africa is designed to serve as a dynamic platform for knowledge sharing, policy influence, and stakeholder engagement. Through this series, we aim to showcase and discuss the climate change and sustainability initiatives of Nigerian states, explore the challenges they face, and promote innovative solutions that can inform and influence climate policies at the subnational level.
This webinar series will run for a year, with government representatives from 3 different states appearing as speakers every month. Each session will focus on the unique climate challenges and successes of four states, fostering a comprehensive understanding of subnational climate action across Nigeria.
Why This Matters
The Scorecard of States is not just a discussion series; it is a vital mechanism for driving climate action where it is needed most — at the state level. Subnational governments are at the forefront of implementing climate policies that directly impact local communities. This series, through highlighting state-level initiatives, sharing successes and challenges, and fostering collaboration among stakeholders, will contribute to a more resilient and sustainable Nigeria.
Upcoming Event Details
The first series is scheduled to hold as follows:
Date: Thursday, 26 September 2024
Time: 2:00 PM WAT
Duration: 90 minutes
Format: Zoom Webinar
Keynote Address: Cecilia Kinuthia-Njenga – Director, Intergovernmental Support and Collective Progress Division, UNFCCC.
Participating States: Abia, Kano, and Ekiti.
Panelists: Chris Ike – Director, Climate Change Department, Abia State Ministry of Environment; Umar Saleh Anka – Director, Environment and Climate Change at Kano Watershed, Erosion and Climate Change Management Agency KN-WECCMA, Kano State Ministry of Environment and Climate Change; and Akinola Babatunde Peter – Director, Climate Change and Nature Conservation, Ministry of environment and natural resources Ado ekiti Nigeria.
Call for Sponsors and Partners
Sponsorship and partnership opportunities are available to support this impactful initiative. We invite organizations, businesses, and stakeholders committed to climate action to join us in making this series a success.
Partnering with us will enable you to play a key role in advancing climate resilience across Nigeria, gaining visibility among a diverse audience of policymakers, climate action leaders, researchers, and community stakeholders.
For media inquiries, sponsorship opportunities, or partnership discussions, please contact: [email protected] .
Join us for this impactful event as we pave the way for enhanced climate action across Nigeria.
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