THE NATION WllDNFSDAY. OCTOBER 3. 2012
MONEY
55
LI~K
I
.I ! II
I
CBNreviews agric sector financing criteria IE Centl1lll &nlc 01 Nigena (CBN) haslset new rules for lending to Ihe agnrullural secto:r Of the economy The apex bank 1001. thedeCISlon after reports f~om banks and discount holbes Indicaled lhal lending 10: Ihe 5ubSKIor remains a hlghnsl... which should be followed With caution. In a Circular, th~ CBN Said agrtcuhural lending cae· «runts f~approJnmately 14 per cent of formal lending. and h.ls bftn on the dedine "In~ 200tI bec:aUSE'of thr~ C'elved fl5k of the sector_ this 'iiluallon. It Sllld, was beClUSE' banb ha\'e liml!M undefSIAndlng oi and lack of confiden..~ Ifl the sector To reduce themherent rui. In the l~ve1. the apex bank
1:
!I·Yur
Siories by Collins Nwue
advISed that SOUlg forwllJ"tl. lenders shoufd conduct en"'ironment ilnd social risk lIO.aly~ls .and assessment of a.sric:ultul1lli clients and ae-IIville. before extending loans 10 them. The lendeni. by Ihls rule aTe also u· pected to ensure that Identified risJ..s are IIdequately monilored and mllml ged while adhenng to local environmental aniJ SOCl.aJ laws.. The CBN also wants lenders to be consistent wilh N IRSAl .senda. eMunng thai, they flnance the manufaclure and distribution 01 improved and high ~s; lendmg 10 mdlsenous seed compilnies and Imporlen; of seed vuiehes and ensuring that fanners arE' ahle 10 pro-
C\.In seed~ directl}' from
II2-D·1 I-Yur
DNMEYER INTBREW
DANDO Gu.xos.IdlTH LlVESTOCX VlTARlAM
ADCD
i
"'.
The blinking wat("hdo~ [!Iud If the a;;ncuL:ura growlh targets sel b ... the FedE'rlll Governmeni liTe met. Ihe countr.. will have 9.5 J:r cent IInnual gro""'th
(GDI) f,fO'.vih In
I"..
fie" HI yean..
Tht' principles will equally posiltOfl ilgricuhure as an aUnctlve. rewarding and sustamable business 0pportunity gl\'en the largt" proportion of lhe popubltion thai depends on agriculture as II sourt't' of 11\·ellhood ... It IS dear wt agriculture IS a pl1llctlatl mt:anS 01 reducing pO\-erl\', unemplQvment,
,...
461m
9.62 12.34
1.16
0.10
14.00
'.02
.Jl6 1298 11.60
1218
36.00
37.$)
• .61 3Jl6 3.<5 2.2l 1.15
• .69 3.21 3.61 2.31 1.20
'.80 0.16 0.10 0.05
9.88 2.42
0.49 0.11
1.86 1.95
0119 0.09
o.n
0.79 3.20 0.57
41.
0.03 0.03
0.12 D.02
CUrnnl Afl U
..
em .....
"
2124'197
207,9023
209.2910
-I.jl
149.7450
1540000
IH 3000
-1.0-'
a_do ,SIN)
I.n.oooo
153.0000
155..5000
·2.30
Panlld Marte.!
(5).0000
154,0000
1.56.0000
.1.%
•
0.58 0.'" 0.15
Cll rrelll BrIon
2]9.'1
NI NA BANK (SIN) ,SIll) 14-04-201"!
~IJIrt, ' "Offer ,
D
NON EUll
!'eMR
food Insecuruy. whilst provllilng r&W mall'nals IIlr Illduslnefo and e>:port III the medIUm to long term,~ il
:!"en~=1 ~k:"vt- ~tGr~t~=h~I~~
The apex b.mk Silld it is collaboraung wuh loc:a.I banks lor the InSlllutlon of prtnclples thai Will IlSSISt them 10 Ihe Idt!nuflcaunn and management of complex enVironment .and SOCIal risks
NON
MANSARD
sector It IS abo meant t~ provide addilllJnat Sfitorjspeohc gUidaoci" to supplemenl the NigeTlan Sustainable Bank· ing Pflnciples GuidancE' Note and ensure tl}al banks adopt rell!\'ant mlemahooal standards and bt-sl ~raclJces
,....
C.rrlUlC:1
ARBICO ETERNA RTBR15COE
to the agri("ullure
I'rlu
111111.1
NEIMETH
SE'rvlce~
35m 35m
S-Yur
CUT1X
aSSOC1ated wilh the pTOvi5IOfloi financial productsand
seed
manufacturers by aVlliling tht!m adE'<j:U8le credit. Also. With support from industr}' slakeholders. banks are to establish agricultural value chitin research developmenl fund that produces high quality researm on Ihe needs of the sector Lenders lire also 10 encour.ge and financ:e providers of $torllge facilities for seeds, produce and other value-idded products pro\'lded WI they take JAto co.mderIlion energv effiCIency IS--
MI'K
"""".....
I " " Liqwdlly RallO Casb RellUll Ru~
Tellor
Feb. ' II
Jld) ' II
UO"
6.50'10
.......
s-tina r..--. ~
I
--.11
-
.......
0,",
4 .50..
ll.oo'l>
2S,00"
.
2.00..
July ' 11
U .. 9.500.
'5'"
,.....
lO.OO'l\
CiUAR~ STAN8I~TC
QU Il.ANTE AFRINV W...... IIQUln' FUND LOTUS <tAPITAlj HAUjL BGL SAl'PfliRE FUND BOL NUBIAN Fl.ND NIOERIA INTER "All0f'olAL DEB. PARAMOUNT EQUITY FUf'oID CONTINENTAL UNIT TRUST CENTRE-POltoIT UNrr TRUST STANBIq"IBTC NlO EQUITY nlE DlSCOVER~' FUND • AfUlt AOOIiESSrvE • KAKAWA CilJARAtrrEEO
Monll:llOlll Prerlou
Buk P/Colln
1.00
12·U6 116.90 0.74 1.10 0,91 1.71362 9.94 1.33 1.10