20,000 farmers benefit from CBN agric loan in Benue

Governor Samuel Ortom of Benue on Thursday launched the distribution of agricultural loan to 20,000 farmers across the state.
It was organised by Central Bank of Nigeria in conjunction with the Benue State Government.
Speaking at the occasion, Ortom said his government has mapped out strategies aimed at creating jobs and wealth for the people of the state.
According to the governor, 30,000 jobs are expected to be generated in the state through agro based scheme.
Represented by his Deputy, Benson Abounu, the governor stated that loans would also be given to more farmers to encourage them to venture into mechanised farming to boost food security.
He enjoined the beneficiaries to use the loan for the purpose for which they were meant, stressing that it was a loan and not a grant.
The governor also said the state government was ready to encourage all-year-round farming.
He added that this would be beneficial to both the farmers and the society at large because it would help farmers to improve on their productivity and revenue.
“This programme is a deliberate attempt by this government to key into the diversification strategy of the Federal Government,” Ortom said.
The Branch Controller of CBN in Benue State, Abba Baba, in his remarks said the choice of the state was deliberate because the state was strategic in food production in the country.
Baba said the loan was targeted at small farm holders with emphasis on rice, soyabeans and sesame.
He noted that the programme was also aimed at improving loan facilities to farmers to enable them improve on their yields and to reduce poverty.
Baba also enjoined farmers to make best use of the opportunity.
20,000 farmers benefit from CBN agric loan in Benue 20,000 farmers benefit from CBN agric loan in Benue Reviewed by Link Naija on 17:43:00 Rating: 5

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