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FG, FMN, NOVA Bank Pledge N1.5bn For Maize Farming
The Federal Government, through the National Agricultural Development Fund (NADF), has launched a N1.5 billion pilot initiative to cultivate 1,500 hectares of farmland, targeting 1,500 smallholder farmers under the National Agricultural Development Programme (NADP-1).
This is done in partnership with Flour Mills of Nigeria (FMN) and NOVA Merchant Bank and was announced at a press briefing on Tuesday, June 24, 2025, in Abuja, to mark the maiden disbursement under NADF’s on-lending facility.
NADF Executive Secretary, Mohammed Ibrahim, explained that the scheme is designed to strengthen agricultural value chains, improve farmer productivity, and align with the Federal Government’s Renewed Hope Food Security and Market Priority Agenda, by President Bola Tinubu.
Ibrahim described the initiative as a model for inclusive agricultural financing, saying: “This programme demonstrates that smallholder farmers can be engaged in a profitable and sustainable way. Through aggregation, value chain partnerships, and strategic financing, we can transform agriculture into a viable engine for national development.”
Managing Director of FMN Agro, Sadiq Usman, emphasised the importance of improving yields and building resilient supply chains.
“This facility supports our core mission of transforming farmer profitability. A factory without a farm is scrap metal, and a farm without a factory is just wheat,” Usman said, citing maize cultivation in Kaduna State as the initial focus of the scheme.
“Kaduna produces 20% of Nigeria’s maize and is home to highly productive farmers. It’s a perfect ground for demonstrating how better seeds, nutrition, and agronomy practices can boost yields,” he added.
Representing NOVA Bank, Uzoma Ayonmike, Group Head of Corporate Banking, expressed optimism about the venture, saying: “Agriculture is a cornerstone of national growth. We are proud to be the first financial institution to disburse under the NADF pilot phase.
“This partnership is not just a transaction. It is a step toward food security, economic inclusion, and sustainable national progress.”
Head of Value Chain Banking at NOVA, Esosa Igbineweka, detailed the bank’s due diligence process in selecting FMN Agro as the programme’s implementing partner.
“NADF cannot lend directly to farmers, so we ensure any intermediary meets strict risk and performance criteria. FMN Agro has proven capacity and a strong record in engaging smallholder farmers,” he said.
On behalf of NADF’s investment division, Olalekan Alabi revealed that the initiative aims to scale beyond the initial 1,500 farmers to 10,000 before the end of the current wet season.
He highlighted maize, cassava, rice, soybean, and sorghum as priority crops with high-impact potential.
“This isn’t just a one-time project. It’s the beginning of a long-term drive to improve food security through sustained investment in smallholder farmers.
“The model also includes provisions for mechanisation, input access, and market linkage, positioning it as a comprehensive solution to long-standing barriers in Nigeria’s agricultural sector.
“The programme’s first deployment will begin in Kaduna, with FMN focusing on maize due to its strategic role in animal feed and food milling.
“The company, Nigeria’s largest buyer of maize, soybean, sorghum, and wheat, views this project as crucial for securing consistent raw material supply and advancing yield transformation,” he said.
Thesun.ng
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BREAKING: Court Sentences Nnamdi Kanu To Life Imprisonment
Justice James Omotosho of the Federal High Court, Abuja, has sentenced the leader of the Indigenous People of Biafra (IPOB), Mazi Nnamdi Kanu.
Naija News reports that Justice had earlier convicted Kanu on all seven counts levelled against him by the Federal Government.
The judge sentenced Kanu to life imprisonment for count 1, 2, 4,5, and 6.
He also sentenced Kanu to 20 years forcount 3 without option of fine.
The Judge sentenced Kanu to five years in prison on count seven without option of fine.
Justice Omotosho ruled that he should not be kept in Kuje prison. He forfeited Nnamdi Kanu’s radio transmitter and barred him from access to social media.
More are still coming
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Just In: FG Urges Court To Impose Death Sentence On Nnamdi Kanu
The Federal Government has urged the Federal High Court in Abuja to impose the death sentence on the detained leader of the proscribed Indigenous People of Biafra (IPOB), Nnamdi Kanu, following his conviction on all seven terrorism counts.
The request was made on Thursday by the FG’s lead counsel, Chief Adegboyega Awomolo (SAN), shortly after Justice James Omotosho found Kanu guilty of all charges preferred against him.
Awomolo, addressing the court after the verdict, argued that the severity of Kanu’s actions merited the maximum penalty under the law.
The senior lawyer insisted that Kanu committed “many illegalities” and should not be treated with leniency.
Awomolo further reminded the court that four of the seven counts on which Kanu was convicted carry the death sentence under Nigeria’s terrorism laws.
He urged Justice Omotosho to take this into account in determining the appropriate punishment.
“It will not be considered justice that he is isolated and punished lightly in a country where we have Boko Haram, ISWAP, Lakurawa, et cetera,” he argued.
According to the prosecution, Kanu’s actions were as destabilising as those of other violent groups and should be treated with equal seriousness.
Awomolo also urged the judge to ensure that Kanu is kept in a secure correctional facility pending the court’s final pronouncement on sentencing.
He stressed the need to prevent any disruptions or security breaches involving the IPOB leader while the sentencing process is underway.
Kanu was earlier found guilty of inciting violence, ordering attacks on security personnel, calling for killings, and issuing threats capable of terrorising the public, all captured in broadcasts tendered as evidence by the prosecution.
News
Court Finally Delivers Judgement In Nnamdi Kanu’s Terrorism Case
Justice James Omotosho of the Federal High Court, Abuja, has delivered his ruling in the case between the detained leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, and the Federal Government.
Naija News reports that the judgement was given in Nnamdi Kanu’s absence after the judge had ordered security operatives to kick him out of the court over his unruly behaviour.
Nnamdi Kanu had earlier stated that the Federal High Court sitting in Abuja does not have the jurisdiction to try him.
The separatist, who has been in custody since 2021, faced seven terrorism-related charges bordering on alleged incitement, running an unlawful group, and acts threatening national security.
The IPOB leader contended that the Terrorism Prevention and Prohibition Act, under which he is being prosecuted, has been repealed.
He urged the court to strike out the charges, describing them as “disclosing no offence known to law” and therefore invalid.
Kanu also requested that the court nullify the “purported plea of not guilty” entered on his behalf, claiming it was obtained through deception and contrary to a Supreme Court ruling.
He further asked the court to set aside all subsequent proceedings and order his immediate release.
“My contention is very simple: this court lacks jurisdiction to try me,” he said.
Delivering ruling on Thursday, Justice Omotosho ruled that the court has the authority to preside over the Nnamdi Kanu case.
The judge also stated that the matter of extradition has been settled by the Supreme Court, and he ruled against Kanu in this regard.
On the issue of fairness in the hearing for Nnmadi Kanu, Omotosho ruled against the IPOB leader, stating that the court ensured he received a fair hearing.
On the defendant not entering his defence, Justice Omotosho said: “I begged the defendant passionately to enter his defence, but he remained obsolete. That shows that he chose to rest his case on the prosecution. Which is a gamble and a risky action.”
The court found Nnamdi Kanu guilty and convicted him of count 1 in the charges filed against him by the federal government.
The Judge said: “The court will rely on the uncontroverted evidence of the prosecution. This court, therefore, finds that the prosecution has discharged Count 1 beyond reasonable doubt. Consequently, the defendant (Kanu) is hereby convicted in respect of Count 1.”
More judgement is being read and this report will be updated as it comes in…….
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News1 day agoCourt Finally Delivers Judgement In Nnamdi Kanu’s Terrorism Case
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News1 day agoBREAKING: Court Sentences Nnamdi Kanu To Life Imprisonment
