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Okomu Oil Palm wants central bank to review anchor borrowers programme

Okomu Oil Palm Company Plc. wants a review of CBN’s Anchor Borrowers Programme (ABP) to accommodate more farmers and to shore up the nation’s foreign earnings from agriculture. The ABP is targeted at smallholder farmers engaged in the production of rice, maize, wheat and cash crops like oil palm, cocoa and rubber, among others. Speaking with newsmen on Monday in Benin, Okomu Oil’s Managing Director, Dr Graham Hefer, noted that cash crop farmers were yet to fully benefit from the programme. He said food crop farmers had an edge because they could cultivate, harvest, sell and repay their loans within the specified one year period. “It is easy for farmers engaged in annual crops to meet their targets. “This doesn’t happen with cash crops because in the first three years of oil palm production...

Lecturer found dead with bullet wounds in Ebonyi

A lecturer with the Alex Ekwueme Federal University Ndufu-Alike Ikwo, Ebonyi State, Mr Kyrian Nwoke, has been murdered by unknown assailants. Until his death, he taught in the Department of Physiology in AE-FUNAI. His lifeless body was found along Abakaliki rice mill axis of Ogoja Road, on Monday, with bullet wounds. Newsmen gathered that the deceased was using his car for a taxi in order to fend for himself and his family following the hardship occasioned by the lingering dispute between the federal government and the Academic Staff Union of Universities which has led to the withholding of salaries of lecturers for months. Mr Nwoke was said to have gone missing on Sunday after a yet-to-be-identified person called him to come to Udemezue in Abakaliki to pick customers to a popular eatery a...