WAAotAN Th=da)<lune7.2ll[2
Bllsiness Appointments P27 Still 0 women empowerment for national development
CB1\f offers 75 per cent loan guarantees
to fanners in states, Fa From ..... 1lIw-. '100,. 'T"IE~tBI BallkofNlgma .l(CBN) is to gual'<1lltte 75 ~r ceont loans .}I'l)Yidtd by
Deposit Monq ~nk5 to farmers In the16 Stat~ of the FNeBtion ~nd the Federal upilal Territol"j. d.'i pan of drom 10 uilnd{ nn the oigrtrultur.d S«tt'r. TIle InitiaUve m.y have been scripted to .dd,m: the iI~
thy lroalling the ntlliQllon of CBN"s NI89 billion "gOwINral credit (Kilnl'l,,! statrsoind ~~~
'fhe 1000n guarJJltee Is being
Approves N7Sb for NIRSAL's take-off packa~ed under thC' Nigerian IncentJve-s.se<i Risk SIlaring In Agricultural Lending (NIRSAL). a public private estill>IIshed by the CBN; IhC' &nken' Committee; and the Fedel<ll Ministry of Agriculture and Rural IkvelopmenL The Head of NIRSAL ProjKt Implemenlltfion Office under the Development finance Dcp,;utment of the CBN, Jude UzonwanM.stJled this }'\5terday. In AhuJa. at a presentation on me role of
NIRSAL to the Minister of State fOf" the ~enl Caplldl Territory, Olo~ Olajumoke Akin/ide. Uzonwanne SLUed that the guomnteewoukl be Issued by the NIRSM to the fannen In the slates and fCT through commen:lal b.1n~ and ollier financiallllSlitUlkms. Acconting 10 him, "NIRSAl mobilises Onanclng for Nigerian .agribusiness by usfng credit guilrantees to addrtsS the risk of defaulL NIRW. Is a f\o.ible financing
The initiative may have been scripted to address the apathy trailing the "tilisation of CBN's NIB9 billion agricultural credit facility by states and farme<S. 1001 designed 10 changt' the ~haviour of financial illStJ·
ttlUons. "It (oven all crops and 1Mstock actlvillt's In Nigerlil, while driving improved Investment OUlcomes ;;md fob creation. II is also build· 109 on iI I~cy of previous CBN Interventions In agriculture that hilS hC!lpm crtille thollQnds ofjom. CBN proHe Stated thaI
me
gnmlm' was drsig~ (0 cr~ ale iKCtsS to finana' by Inl~ grallng end-la-end agriculture ¥;Jlue chains such as Input producers. farmers. "'gro dealers. agm processors and induslrial manur..cturCrJ with "griolltural financIng VoIlue chains- loan prod IK1 ~Iopment. emllt dis-
tribution, loan orfgi n;ujon, managing OInd priCing for
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'Follow due process In PHCN's liquidation' "l1 IE Senior Staff As:sociatlon J.of EltctTicity .. nd Allied Companies (SSAEAC) illt'rday. I!UlstM that the I uldd' tion of the J>owtor flo ding Company of Nigeria (PHCN) mUSt f~1ow the (h~ process. The Pr~idtnt Gcncnl the aMOClatk>ll, fkdt Opafill, tokl
or
tht~~ncyofNlgM.Jln
lagos. thill lhe government needed 10 P-Jy st'VCl<lnce ~ .. nd lenninal bel* hu 10'Workers bdln the liquidation. He said thill PHO! would continue 10 exist unlil its proper liquidation, adding Ihal government ought to haYt addressed oulSlilndlng IJtOOur Issu~ before unbundling the orgil nlsa tlon. Opara, who notM that unbundling of I"IIG~ hJtd been lingering since 200S. advtsed government to Implemenl Ihe ilgreements reJtchM wllh the Hassan Sumonu·led concilialory commiltee. "Uquldatkm of f'HCN ha5 to follow JudiClilI process: MiO! still tmts.. \Ik heM loki goYemment at seYC'filIl meetings we had with Ihem to ensure p;tyment of workers' sn'tr· ance packilges .. nd terminal benefits before liquidating MieN. he said Special AdvIser on Mrou to Prof. B.lnh Nnaji, Cdon Adinuba, the Minister of f'owtor, h~. wid tNlthe unbundling of PHCN was provided for In the E1t'Ctlicity N.1 012005. He explainM Ihal the unbundling of lhe t'H~ wol$ nlll ongOing, adding thilt rt'fonn of the ~r seelQr W<l5 2f<I(iually unfoldm~ Mlnuba disclosed that by July, the Bureilu or Public Enlerprueswould all the 152 prospective Invntofli who had indlated rntc-rm In buying inlOIM I751Ku:SSOf"com ~~s carved OUI from
me
W
Group Deputy Man.!kI1 Direc.'or, Access 8l!W; Pk, Herbart W!p'I (leh); NicbIodean'IIIMn'UflIOI ",e-sd!0D4 heroine, 'Oora no. &pl..... , . pupil of Dlrisbnd C*p, Ornobollllkl OI!ubena;
=":="of ~~S'~e ~ Un Ablmbol.:l FHhoIa" ,'he IaundI Af Atau Ibnk'i hrfy S:Mn F'"III,nci2llilllFllC'!' for !Com Co!mp,lr in laSII$ "tf'-'INflIfy'
(IBN, lCAN mourn crash victims, Oba Olashore •
ByW........ '"('1-IE Chanerrd Institute of J. Bank~n of roIcgm.a (OSN) h.u apms«! shxk OIInd dismaY(Mrtheunumelyooth ofSOfMmemoo.,(.(thrbank· Ing communi!) ,md other Nigerians who k!St their lives In the IlHated Dana plane crash .1 rlu IshdY.-t a~ilI In Lagos. which dalmed 0V'tf IS) lives. But aviation 1w:.!\Cl"S ColUtionM gowmmeTtI "galml hasty dtdsions ,tbout the crasft,~llytho'alb(rom
the Niltional Assf'mbly for the sackohomem.dnnchiru.
•.•
NUATE decnes calls for sack of avtanon chiefs The l"RsidentJChal~n 0( Couocl1.0BN.ScgunAina.lna St.'l~nt made avaliabk to 1M Guaroi.m, descnbed the
Nollionoll I'clrolcum Corporation and National Universlt;csCommlssionwho
unfonunale and a grNl loSs to lhe economy in palticulolr ilnd nation In general. "On bcIW( or the govnnlng council, memben, manilg~ mentand St:affofthe Institute, I commlse:ra t~ with ililihe famlll~ ;lInd organisations, Including the management .. nd stalfof Central Bank of Nigeria. banks, Nig~rian
inthecrash-,Ainas.J1d.. He~ thatGod In His Inft.. nlte mercies 'should grant tllt'ftl and Indeed, lhl! entirenation the fortitude to bur lhe inqw:r.lble Ioss.lhis is another tlYing period In the history orour greal niltlon and wc mll5t live- by Calm asil people",htgld. Similar!)! the InSIJlUl~ also C'XtendM its condolence 10
IncklentilSan01liona.llr.lg~
me
lostlhclrkwtdoll~andSlilff
Ihe filmily of lhe l.lle Oha Oladele Olil5ho~ of 1I0ko'Iesha, fonner MiniSter of Anilnce, former Milnilglng Director/founder of defunct lead Merchant Bank rk.1OO Fello.... of The Chartered InrutuleoCRallkCfSofN~
ihe OIanered Institute of SankffsoCNlgerla;mdincked. the entl~ bitnking Industry wilisurdymlssi-IRBObshort' whost' achievements .. nd Invilluable contributions towards the growth and deve:lopmenl the Institute, the
or
CONTINUED ON PAGE 16
banking industry and the Nig',",. «onomy will ~maln indellble-, t.ht St-al~ mentaddtd. nlC Institute of Chanertd Acrountalll5 of Nigeria (ICAN) also expressed grief and a deep sense o f lOss over lhe S'lKIdtn passing ilway of sb: of Its ~mbtl"5 In the unfonu nate 0a1'lo1 plant' cr.lIsh of Sunday;
number: 6601~ ~eT Anoslke (Membt'rship number: 10880), Vusuf Ibr.thim (Membcn;hil.' number: 4179) .nd Adct:unJI A1dntw 0I0k0 (Membmhip number: 4789). According to the Rtglnrar/Chld Ex«UtM of lCAN, OIutoyin Mep.llte. lhe news of the Involvrmcnt of nve mcmbm of the Institute in the plant' cmh WiI5 most
the crash wcrt' Awodogoan Olusanml(MembC!nhipnumber: 2Sl22). Komobfe Olugbcnp (Membenhip number: 7J88~ Ogechl Oo~..gocha (Mem~rship
"'Tht' M'WSame 10 all of us as a shock. bul the Incklcnt was beyond our conlltll Whlk: we pray to God for [he I"tp02 o(
nlC'~nlmlJxrsin~in
d~~inglo~
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